As of Friday close, Nuvei Corporation’s (NASDAQ:NVEI) stock was up $0.63, moving up 3.70 percent to $17.67. The average number of shares traded per day over the past five days has been 989,400 shares. 2 times new highs have been achieved over the past 5 days, with a $1.11 gain in that time frame. In the last twenty days, the average volume was 1,011,805, while in the previous 50 days, it was 690,292.
Since last month, NVEI stock retreated -47.16%. Shares of the company fell to $15.87 on 08/16/23, the lowest level in the past month. A 52-week high of $43.81 was reached on 04/14/23 after having rallying from a 52-week low of $15.87. Since the beginning of this year, NVEI’s stock price has dropped by -30.46% or -$7.74, and marked a new high 24 times. However, the stock has declined by -59.67% since its 52-week high.
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Valuation Metrics
Right now, Nuvei Corporation (NVEI) has a P/E ratio of about 96.03. The stock’s beta is 2.59. Besides these, the trailing price-to-sales (P/S) ratio of 2.62, the price-to-book (PB) ratio of 0.91, and the price-to-cash flow ratio of 15.10 may also be considered.
Financial Health
In the three months ended June 29, Nuvei Corporation’s quick ratio stood at 1.00, while its current ratio was 1.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.62, and the total debt-to-equity ratio was 0.64. On the profitability front, the trailing twelve-month gross margin is 79.90% percent. In the year ended June 29, EBITDA margin amounted to 21.50%, whereas operating margins totaled 7.10%. Based on annual data, NVEI earned $671.9 million in gross profit and brought in $843.32 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.20%. Return on equity (ROE) for the past 12 months was 1.00%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Nuvei Corporation to report $0.45 quarterly earnings, the actual figure was $0.39 per share, beating the consensus estimate by -13.30%. During the quarter, the company generated $67.27 million in EBITDA. The liabilities of Nuvei Corporation were 2.46 billion at the end of its most recent quarter ended June 29, and its total debt was $1.28 billion.
Technical Picture
This quick technical analysis looks at Nuvei Corporation’s (NVEI) price momentum. With a historical volatility rate of 248.42%, the RSI 9-day stood at 23.04% on 18 August.
With respect to its five-day moving average, the current Nuvei Corporation price is up by +6.70% percent or $1.11. At present, NVEI shares trade -46.58% below its 20-day simple moving average and -58.21% percent below its 100-day simple moving average. However, the stock is currently trading approximately -42.57% below its SMA50 and -41.24% below its SMA200.
Stochastic coefficient K was 7.48% and Stochastic coefficient D was 4.76%, while ATR was 1.76. Given the Stochastic reading of 10.15% for the 14-day period, the RSI (14) reading has been calculated as 25.26%. As of today, the MACD Oscillator reading stands at -1.28, while the 14-day reading stands at -5.77.
Analyst Ratings
Nuvei Corporation downgraded its rating on Nuvei Corporation (NASDAQ: NVEI) to a Neutral in a note to investors on August 10, 2023. The analysts firm previously had a Buy rating on the stock.Nuvei Corporation (NVEI) has been rated Buy by analysts. According to 0 brokerage firms, NVEI is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Nuvei Corporation stock as buy, with 13 recommending it as overweight.
With a median target price of $30.00, the current consensus forecast for the stock is $22.00 – $60.00. Based on these forecasts, analysts predict Nuvei Corporation (NVEI) will achieve an average price target of $34.84.
