Nuvei Corporation (NASDAQ: NVEI): Stock That Needs Special Handling

Currently, there are 63.36M common shares owned by the public and among those 63.20M shares have been available to trade.

The company’s stock has a 5-day price change of 11.26% and 20.98% over the past three months. NVEI shares are trading 23.42% year to date (YTD), with the 12-month market performance down to -23.09% lower. It has a 12-month low price of $13.32 and touched a high of $43.81 over the same period. NVEI has an average intraday trading volume of 645.41K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 22.98%, 27.15%, and 41.48% respectively.

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Institutional ownership of Nuvei Corporation (NASDAQ: NVEI) shares accounts for 25.36% of the company’s 63.36M shares outstanding.

It has a market capitalization of $4.52B and a beta (3y monthly) value of 2.78. The earnings-per-share (ttm) stands at -$0.06. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.18% over the week and 5.22% over the month.

Analysts forecast that Nuvei Corporation (NVEI) will achieve an EPS of $0.44 for the current quarter, $0.46 for the next quarter and $2.61 for 2025. The lowest estimate earnings-per-share for the quarter is $0.34 while analysts give the company a high EPS estimate of $0.5. Comparatively, EPS for the current quarter was $0.44 a year ago. Earnings per share for the fiscal year are expected to increase by 19.72%, and 28.86% over the next financial year. EPS should grow at an annualized rate of 16.50% over the next five years, compared to 14.51% over the past 5-year period.

Looking at the support for the NVEI, a number of firms have released research notes about the stock. Wells Fargo stated their Equal Weight rating for the stock in a research note on January 17, 2024, with the firm’s price target at $29. Barclays coverage for the Nuvei Corporation (NVEI) stock in a research note released on December 20, 2023 offered a Overweight rating with a price target of $34. BMO Capital Markets was of a view on December 05, 2023 that the stock is Outperform, while Seaport Research Partners gave the stock Buy rating on November 30, 2023, issuing a price target of $25. UBS on their part issued Buy rating on October 20, 2023.

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