Additionally, the 36-month beta value for NVEI is 2.66. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 0 rating it as “overweight,” 6 rating it as “hold,” and 0 rating it as “sell.”
The public float for NVEI is 64.98M and currently, short sellers hold a 4.44% ratio of that float. The average trading volume of NVEI on September 02, 2024 was 719.60K shares.
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NVEI) stock’s latest price update
Nuvei Corporation (NASDAQ: NVEI)’s stock price has gone rise by 0.09 in comparison to its previous close of 33.23, however, the company has experienced a 0.12% increase in its stock price over the last five trading days. globenewswire.com reported 2024-08-30 that Hong Kong, Aug. 30, 2024 (GLOBE NEWSWIRE) — It has come to our attention that a press release was recently issued by Fintech360 regarding our collaboration with Nuvei. Unfortunately, this release was mistakenly distributed without the final approval from our partners at Nuvei. We sincerely regret this oversight and wish to clarify that the information in that release was not confirmed or authorized by Nuvei.
NVEI’s Market Performance
Nuvei Corporation (NVEI) has seen a 0.12% rise in stock performance for the week, with a 0.54% gain in the past month and a 3.29% surge in the past quarter. The volatility ratio for the week is 0.44%, and the volatility levels for the past 30 days are at 0.54% for NVEI. The simple moving average for the last 20 days is 0.35% for NVEI’s stock, with a simple moving average of 16.03% 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 1.37% 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 -1.54% of loss for the given period.
Volatility was left at 0.54%, however, over the last 30 days, the volatility rate increased by 0.44%, as shares surge +0.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.87% upper at present.
During the last 5 trading sessions, NVEI rose by +0.12%, which changed the moving average for the period of 200-days by +76.54% in comparison to the 20-day moving average, which settled at $33.16. In addition, Nuvei Corporation saw 26.66% 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:
- 0.13 for the present operating margin
- 0.75 for the gross margin
The net margin for Nuvei Corporation stands at -0.01. The total capital return value is set at 0.05. Equity return is now at value -0.56, with -0.23 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 0.2. The debt to equity ratio resting at 0.61. The interest coverage ratio of the stock is 1.49.
Currently, EBITDA for the company is 246.94 million with net debt to EBITDA at 3.46. When we switch over and look at the enterprise to sales, we see a ratio of 4.44. The receivables turnover for the company is 8.8for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
In conclusion, Nuvei Corporation (NVEI) has seen better 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 is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
