The stock of Nuvei Corporation (NVEI) has seen a -0.80% decrease in the past week, with a 47.47% gain in the past month, and a 37.37% flourish in the past quarter. The volatility ratio for the week is 0.78%, and the volatility levels for the past 30 days are at 3.02% for NVEI. The simple moving average for the last 20 days is 3.30% for NVEI stock, with a simple moving average of 38.78% for the last 200 days.
Is It Worth Investing in Nuvei Corporation (NASDAQ: NVEI) Right Now?
Additionally, the 36-month beta value for NVEI is 2.72. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for NVEI is 63.20M and currently, short sellers hold a 1.86% ratio of that float. The average trading volume of NVEI on April 17, 2024 was 1.21M shares.
NVEI) stock’s latest price update
Nuvei Corporation (NASDAQ: NVEI)’s stock price has plunge by -0.19relation to previous closing price of 32.15. Nevertheless, the company has seen a -0.80% plunge in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-10 that We also check in on the latest Tesla news.
Analysts’ Opinion of NVEI
Many brokerage firms have already submitted their reports for NVEI stocks, with Wells Fargo repeating the rating for NVEI by listing it as a “Equal Weight.” The predicted price for NVEI in the upcoming period, according to Wells Fargo is $29 based on the research report published on January 17, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see NVEI reach a price target of $34. The rating they have provided for NVEI stocks is “Overweight” according to the report published on December 20th, 2023.
BMO Capital Markets gave a rating of “Outperform” to NVEI, setting the target price at $30 in the report published on December 05th of the previous year.
NVEI Trading at 17.64% from the 50-Day Moving Average
After a stumble in the market that brought NVEI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.63% of loss for the given period.
Volatility was left at 3.02%, however, over the last 30 days, the volatility rate increased by 0.78%, as shares surge +11.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.49% upper at present.
During the last 5 trading sessions, NVEI fell by -0.80%, which changed the moving average for the period of 200-days by +11.62% in comparison to the 20-day moving average, which settled at $31.23. In addition, Nuvei Corporation saw 22.20% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NVEI
Current profitability levels for the company are sitting at:
- 0.1 for the present operating margin
- 0.81 for the gross margin
The net margin for Nuvei Corporation stands at -0.01. The total capital return value is set at 0.03. Equity return is now at value -0.39, with -0.18 for asset returns.
Based on Nuvei Corporation (NVEI), the company’s capital structure generated 0.38 points at debt to capital in total, while cash flow to debt ratio is standing at 0.21. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 246.94 million with net debt to EBITDA at 4.41. When we switch over and look at the enterprise to sales, we see a ratio of 4.68. The receivables turnover for the company is 10.05for trailing twelve months and the total asset turnover is 0.23. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
Conclusion
In conclusion, Nuvei Corporation (NVEI) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
