The price of Nuvei Corporation (NASDAQ:NVEI) shares last traded on Wall Street rose 11.31% to $36.41.
As we calculate the median target price by taking the range between a high of $90.00 and a low of $32.63, we find $42.50. Given the previous closing price of $32.71, this indicates a potential upside of 29.93 percent. NVEI stock price is now 15.65% away from the 50-day moving average and 10.48% away from the 200-day moving average. The market capitalization of the company currently stands at $6.52B.
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Brokers who have rated the stock have averaged $49.63 as their price target over the next twelve months.
With the price target reduced from $36 to $35, Goldman Upgraded its rating from Neutral to Buy for Nuvei Corporation (NASDAQ: NVEI). On October 07, 2022, Wolfe Research recently initiated its ‘Outperform’ rating on the stock quoting a target price of $42, while ‘CIBC’ rates the stock as ‘Neutral’.
A total of 0.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NVEI stock. A new stake in Nuvei Corporation shares was purchased by GUARDIAN CAPITAL LP during the first quarter worth $15,807,000. SUNRIVER MANAGEMENT LLC invested $4,641,000 in shares of NVEI during the first quarter. In the first quarter, INGALLS & SNYDER LLC acquired a new stake in Nuvei Corporation valued at approximately $2,744,000. APG ASSET MANAGEMENT N.V. acquired a new stake in NVEI for approximately $2,322,000. QUBE RESEARCH & TECHNOLOGIES LTD purchased a new stake in NVEI valued at around $1,311,000 in the second quarter. In total, there are 260 active investors with 67.73% ownership of the company’s stock.
A candlestick chart of Nuvei Corporation (NASDAQ: NVEI) showed a price of $34.64 on Wednesday morning. During the past 12 months, Nuvei Corporation has had a low of $23.71 and a high of $79.13. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 1.90, and a quick ratio of 1.90. The fifty day moving average price for NVEI is $31.48 and a two-hundred day moving average price translates $32.96 for the stock.
The latest earnings results from Nuvei Corporation (NASDAQ: NVEI) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.43, beating analysts’ expectations of $0.38 by 0.05. This compares to $0.19 EPS in the same period last year. The net profit margin was 7.10% and return on equity was 3.10% for NVEI. The company reported revenue of $197.15 million for the quarter, compared to $183.93 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.18 percent. For the current quarter, analysts expect NVEI to generate $216.31M in revenue.
Nuvei Corporation(NVEI) Company Profile
Nuvei Corporation provides payment technology solutions to merchants and partners in North America, Europe, the Middle East and Africa, Latin America, and the Asia Pacific. It provides a suite of payment solutions to support lifecycle of a transaction across mobile or in-app, online, unattended, and in-store channels. The company sells and distributes its solutions through direct sales, indirect sales for small-and-medium sized businesses, and eCommerce resellers. Nuvei Corporation was founded in 2003 and is headquartered in Montreal, Canada.
