In yesterday’s Wall Street session, Nuvei Corporation (NASDAQ:NVEI) shares traded at $19.53, up 1.30% from the previous session.
15 analysts cover Nuvei Corporation (NASDAQ:NVEI), according to research data. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $45.00 and a low of $19.00, we find $27.00. Given the previous closing price of $19.28, this indicates a potential upside of 40.04 percent. NVEI stock price is now 21.34% away from the 50-day moving average and -30.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.72B.
The stock has received a hold rating from 1 analysts and a buy rating from 13. Brokers who have rated the stock have averaged $28.30 as their price target over the next twelve months.
With the price target of $20, UBS recently initiated with Buy rating for Nuvei Corporation (NASDAQ: NVEI).
A total of 54.88% of the company’s stock is owned by insiders.
On Wednesday morning Nuvei Corporation (NASDAQ: NVEI) stock kicked off with the opening price of $19.54. During the past 12 months, Nuvei Corporation has had a low of $13.32 and a high of $43.81. As of last week, the company has a debt-to-equity ratio of 0.62, a current ratio of 1.03, and a quick ratio of 1.02. The fifty day moving average price for NVEI is $16.10 and a two-hundred day moving average price translates $28.16 for the stock.
The latest earnings results from Nuvei Corporation (NASDAQ: NVEI) was released for Sep, 2023. The net profit margin was -1.07% and return on equity was -0.59% for NVEI. The company reported revenue of $304.85 million for the quarter, compared to $197.15 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.63 percent.
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. Its platform enables customers to pay and/or accept payments worldwide regardless of their location, device, or preferred payment method. The company’s solutions comprise a fully integrated payments engine with global processing capabilities, a turnkey solution for frictionless payment experiences, and a broad suite of data-driven business intelligence tools and risk management services. It 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 based in Montreal, Canada.
