Moreover, the 36-month beta value for NVEI is 2.64. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for NVEI is 63.23M and currently, short sellers hold a 4.51% of that float. On July 18, 2024, NVEI’s average trading volume was 1.02M shares.
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NVEI) stock’s latest price update
The stock price of Nuvei Corporation (NASDAQ: NVEI) has surged by 0.74 when compared to previous closing price of 32.59, but the company has seen a 1.08% gain in its stock price over the last five trading sessions. pymnts.com reported 2024-07-11 that Mastercard and Canadian FinTech Nuvei have teamed to help consumers turn digital assets into fiat currency. The collaboration, announced Thursday (July 11), is open to consumers in Europe, and lets them convert their assets via debit, credit and prepaid cards.
NVEI’s Market Performance
Nuvei Corporation (NVEI) has seen a 1.08% rise in stock performance for the week, with a 2.18% gain in the past month and a 2.31% surge in the past quarter. The volatility ratio for the week is 0.41%, and the volatility levels for the past 30 days are at 0.45% for NVEI. The simple moving average for the last 20 days is 1.53% for NVEI stock, with a simple moving average of 27.06% for the last 200 days.
Analysts’ Opinion of NVEI
Many brokerage firms have already submitted their reports for NVEI stocks, with JP Morgan repeating the rating for NVEI by listing it as a “Neutral.” The predicted price for NVEI in the upcoming period, according to JP Morgan is $34 based on the research report published on May 08, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see NVEI reach a price target of $29. The rating they have provided for NVEI stocks is “Equal Weight” according to the report published on January 17th, 2024.
Barclays gave a rating of “Overweight” to NVEI, setting the target price at $34 in the report published on December 20th of the previous year.
NVEI Trading at 1.79% 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 -12.24% of loss for the given period.
Volatility was left at 0.45%, however, over the last 30 days, the volatility rate increased by 0.41%, as shares surge +2.31% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.52% upper at present.
During the last 5 trading sessions, NVEI rose by +1.08%, which changed the moving average for the period of 200-days by +120.63% in comparison to the 20-day moving average, which settled at $32.37. In addition, Nuvei Corporation saw 25.02% 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:
- 0.12 for the present operating margin
- 0.79 for the gross margin
The net margin for Nuvei Corporation stands at -0.0. The total capital return value is set at 0.05. Equity return is now at value -0.25, with -0.10 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 0.18. The debt to equity ratio resting at 0.62. The interest coverage ratio of the stock is 1.32.
Currently, EBITDA for the company is 246.94 million with net debt to EBITDA at 3.9. When we switch over and look at the enterprise to sales, we see a ratio of 4.52. The receivables turnover for the company is 7.38for 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 1.04.
Conclusion
To wrap up, the performance of Nuvei Corporation (NVEI) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
