24/7 Market News Snapshot 13 November, 2024 – DLocal Limited Class A Common Shares (NASDAQ:DLO)

November 13, 2024

DENVER, Colo., 13 November, 2024 (247marketnews.com) – (NASDAQ:DLO) are discussed in this article.
DLocal Limited has demonstrated robust market performance, with shares recently opening at $9.45 and climbing to $10.10, reflecting an impressive gain of approximately 8.02%. This upward trend is bolstered by a significant trading volume of 2.81 million shares, indicating strong investor confidence and interest. The current price movement suggests a potential breakout above key resistance levels, which could lead to ongoing bullish momentum. Market observers are encouraged to monitor established support levels to mitigate volatility risks, suggesting that DLocal may remain an attractive prospect for investors.

In addition to this positive stock performance, DLocal has reported remarkable progress for the third quarter of 2024. The company achieved a record Total Payment Volume (TPV) of $6.5 billion, representing a 41% year-over-year increase and an 8% rise from the previous quarter. Key sectors driving this growth include financial services and e-commerce, with particularly strong contributions from Argentina, Mexico, and Egypt. DLocal’s gross profit surged to $78 million, with a stable net take rate of 1.2% maintained since the beginning of the year. The company’s effective expense management and strategic investments are underscored by an impressive Adjusted EBITDA margin of 67%.

Strategic partnerships and innovative service enhancements, such as Smart Requests and alternative payment interfaces, have positioned DLocal favorably within its diverse operational landscape. This is complemented by a solid cash position of $560.5 million, demonstrating strong cash flow abilities amidst global market volatility. Looking ahead, DLocal’s positive outlook for the fourth quarter, reinforced by anticipated seasonal demands, secures its role as a pivotal player in enabling cross-border payments and unlocking growth potential in emerging markets.

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