GDOT - Propel Holdings: Next Level Lending Platform With Impressive Financials

2024-03-26 06:04:05 ET

Summary

• Propel Holdings has seen a 125% increase in share price driven by solid financial growth and still attractive market multiples.
• The company focuses on providing credit to underserved customers and uses AI-backed technology to process applications, with a US focus.
• While there can be a risk from underperforming and non-performing loans in case of a slowdown, so far, these are contained going by the company's outlook.

The Canadian AI-based lending services provider Propel Holdings (PRL:CA)(PRLPF) has had a great past year at the stock market, with a 125% increase in share price. The rise continues into this year, with a 21% increase year-to-date [YTD]....

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