Nuvei (NASDAQ:NVEI) Reaches New 1-Year High - What's Next?

Nuvei Co. (NASDAQ:NVEI - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as $33.80 and last traded at $33.80, with a volume of 4300 shares traded. The stock had previously closed at $33.65.

Nuvei Trading Down 0.3 %

The company has a 50 day moving average of $33.38 and a 200 day moving average of $32.80. The firm has a market cap of $4.76 billion, a price-to-earnings ratio of -373.89, a price-to-earnings-growth ratio of 1.85 and a beta of 2.51. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.60.

Nuvei (NASDAQ:NVEI - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.47 by ($0.06). The firm had revenue of $345.50 million for the quarter, compared to analyst estimates of $329.88 million. Nuvei had a positive return on equity of 6.98% and a negative net margin of 0.87%. The business's quarterly revenue was up 12.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.19 EPS. As a group, research analysts anticipate that Nuvei Co. will post 1.09 EPS for the current year.

Nuvei Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Tuesday, August 20th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date was Tuesday, August 20th. Nuvei's dividend payout ratio is presently -444.44%.

Institutional Trading of Nuvei

Hedge funds have recently modified their holdings of the stock. Headlands Technologies LLC acquired a new position in Nuvei during the 2nd quarter valued at about $28,000. Longfellow Investment Management Co. LLC acquired a new position in shares of Nuvei in the 2nd quarter valued at $36,000. Covestor Ltd bought a new position in shares of Nuvei in the 1st quarter worth $58,000. Quantbot Technologies LP acquired a new stake in shares of Nuvei during the first quarter worth $207,000. Finally, ProShare Advisors LLC acquired a new position in Nuvei in the second quarter valued at about $248,000. 42.45% of the stock is owned by institutional investors.

Nuvei 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. The company's platform enables customers to pay and/or accept payments worldwide regardless of the location, device, or preferred payment method.