Nuvei Corporation [NVEI] stock is trading at $33.41, saw in change for the day. An important factor to consider is whether the stock is rising or falling in short-term value. The NVEI shares have gain 0.03% over the last week, with a monthly amount glided 0.51%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nuvei Corporation [NASDAQ: NVEI] stock has seen the most recent analyst activity on May 08, 2024, when JP Morgan downgraded its rating to a Neutral and also boosted its price target to $34 from $32. Previously, Wells Fargo started tracking the stock with Equal Weight rating on January 17, 2024, and set its price target to $29. On December 20, 2023, Barclays initiated with a Overweight rating and assigned a price target of $34 on the stock. BMO Capital Markets started tracking the stock assigning a Outperform rating and suggested a price target of $30 on December 05, 2023. Seaport Research Partners initiated its recommendation with a Buy and recommended $25 as its price target on November 30, 2023. UBS started tracking with a Buy rating for this stock on October 20, 2023, and assigned it a price target of $20. In a note dated August 10, 2023, Goldman downgraded an Neutral rating on this stock and revised its target price from $41 to $22.
Nuvei Corporation [NVEI] stock has fluctuated between $13.32 and $33.78 over the past year. Currently, Wall Street analysts expect the stock to reach $38.83 within the next 12 months. Nuvei Corporation [NASDAQ: NVEI] shares were valued at $33.41 at the most recent close of the market. An investor can expect a potential return of 16.22% based on the average NVEI price forecast.
Analyzing the NVEI fundamentals
Nuvei Corporation [NASDAQ:NVEI] reported sales of 1.31B for the trailing twelve months, which represents a growth of 12.52%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.13%, 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 -0.01 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
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 33.36 points at the first support level, and at 33.32 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.44, and for the 2nd resistance point, it is at 33.48.
Ratios To Look Out For
For context, Nuvei Corporation’s Current Ratio is 1.06. On the other hand, the Quick Ratio is 1.06, and the Cash Ratio is 0.1. Considering the valuation of this stock, the price to sales ratio is 3.62, the price to book ratio is 2.29.
