A share price of Nuvei Corporation [NVEI] is currently trading at $28.68, up 31.80%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NVEI shares have gain 23.57% over the last week, with a monthly amount glided 7.62%, and seem to be holding up well over a long-time horizon.
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On 17, March 2024, Nuvei responds to recent press reports. In a post published today on Yahoo Finance, – Nuvei Corporation (NASDAQ: NVEI) (TSX: NVEI) (the “Company” or “Nuvei”) announces today that it is aware of recent media reports speculating as to a potential going-private transaction involving the Company.
From an analyst’s perspective:
Nuvei Corporation [NASDAQ: NVEI] stock has seen the most recent analyst activity on January 17, 2024, when Wells Fargo initiated its Equal Weight rating and assigned the stock a price target of $29. Previously, Barclays started tracking the stock with Overweight rating on December 20, 2023, and set its price target to $34. On December 05, 2023, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $30 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $25 on November 30, 2023. UBS initiated its recommendation with a Buy and recommended $20 as its price target on October 20, 2023. Goldman downgraded its rating to Neutral for this stock on August 10, 2023, and downed its price target to $22. In a note dated April 11, 2023, SMBC Nikko upgraded an Outperform rating on this stock and boosted its target price from $50 to $55.
Nuvei Corporation experienced fluctuations in its stock price throughout the past year between $13.32 and $43.81. Currently, Wall Street analysts expect the stock to reach $42.5 within the next 12 months. Nuvei Corporation [NASDAQ: NVEI] shares were valued at $28.68 at the most recent close of the market. An investor can expect a potential return of 48.19% based on the average NVEI price forecast.
Analyzing the NVEI fundamentals
Trailing Twelve Months sales for Nuvei Corporation [NASDAQ:NVEI] were 1.19B which represents 45.92% growth. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.0, Equity is -0.0 and Total Capital is 0.03. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.62.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 27.14 points at the first support level, and at 25.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 29.76, and for the 2nd resistance point, it is at 30.83.
Nuvei Corporation [NVEI] reported earnings per share of $0.47 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.45/share, meaning a difference of $0.02 and a surprise factor of 4.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.39 per share as compared to estimates of $0.4 per share, a difference of -$0.01 representing a surprise of -2.50%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nuvei Corporation [NASDAQ:NVEI] is 1.05. In addition, the Quick Ratio stands at 1.05 and the Cash Ratio stands at 0.1. Considering the valuation of this stock, the price to sales ratio is 3.36, the price to book ratio is 1.97.
