Nuvei (NVEI) Stock Price, News & Analysis

Company Overview

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. Its 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. The company markets and sells its products and services through direct and indirect sales, strategic platform integrations, local sales teams, and indirect partners. The company was formerly known as Pivotal Development Corporation Inc. and changed its name to Nuvei Corporation in November 2018. Nuvei Corporation was founded in 2003 and is headquartered in Montreal, Canada.

Key Stats

• Today's Range: $33.98 to $34.00
• 50-Day Range: $33.25 to $33.99
• 52-Week Range: $19.07 to $34.00
• Volume: 3.08 million shs
• Average Volume: 1.06 million shs
• Market Capitalization: $4.82 billion
• P/E Ratio: 226.60
• Dividend Yield: 1.18%
• Price Target: $32.08
• Consensus Rating: Hold

Nuvei Stock Analysis - MarketRank™

Nuvei scored higher than 34% of companies evaluated by MarketBeat, and ranked 236th out of 323 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.2 / 5
• Analyst Rating: Hold

Consensus Rating

Nuvei has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on 7 buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Nuvei has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 27.35%

Earnings Growth

Earnings for Nuvei are expected to grow by 27.35% in the coming year, from $1.17 to $1.49 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Nuvei is 226.60, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 126.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Nuvei is 226.60, which means that it is trading at a more expensive P/E ratio than the Business Services sector average P/E ratio of about 36.25.

Price to Earnings Growth Ratio

Nuvei has a PEG Ratio of 1.73. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Nuvei has a P/B Ratio of 2.32. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.91% of the float of Nuvei has been sold short.

Short Interest Ratio / Days to Cover

Nuvei has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Nuvei has recently increased by 38.04%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Nuvei pays a meaningful dividend of 1.18%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Nuvei does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Nuvei is 266.67%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on earnings estimates, Nuvei will have a dividend payout ratio of 26.85% next year. This indicates that Nuvei will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.91% of the float of Nuvei has been sold short.

Short Interest Ratio / Days to Cover

Nuvei has a short interest ratio ("days to cover") of 4.8.

Change versus previous month

Short interest in Nuvei has recently increased by 38.04%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.30

News Sentiment

Nuvei has a news sentiment score of 0.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Nuvei this week, compared to 3 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Nuvei insiders have not sold or bought any company stock.

Percentage Held by Insiders

20.04% of the stock of Nuvei is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

42.45% of the stock of Nuvei is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NVEI Stock Analysis - Frequently Asked Questions

How have NVEI shares performed this year?

Nuvei's stock was trading at $26.26 at the beginning of 2024. Since then, NVEI shares have increased by 29.4% and is now trading at $33.99.
View the best growth stocks for 2024 here.

How were Nuvei's earnings last quarter?

Nuvei Co. (NASDAQ:NVEI) announced its earnings results on Tuesday, August, 6th. The company reported $0.41 EPS for the quarter, missing analysts' consensus estimates of $0.47 by $0.06. The business's revenue was up 12.5% compared to the same quarter last year.

Who are Nuvei's major shareholders?

Nuvei's top institutional shareholders include Glazer Capital LLC (1.14%), Alpine Associates Management Inc. (0.58%), Polar Asset Management Partners Inc. (0.57%) and Tokio Marine Asset Management Co. Ltd. (0.48%).

How do I buy shares of Nuvei?

Shares of NVEI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Nuvei own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Nuvei investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Adobe (ADBE), Arista Networks (ANET), AppLovin (APP) and CrowdStrike (CRWD).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/5 Dividend: 8/20/2024
• Dividend Payable: 9/05/2024
• Today: 11/21/2024
• Ex-Dividend for 12/12 Dividend: 11/26/2024
• Dividend Payable: 12/12/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Business services, not elsewhere classified
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:NVEI
• CUSIP: N/A
• CIK: 1765159
• Web: www.nuvei.com
• Phone: 514-313-1190
• Fax: N/A
• Employees: 2,202
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $32.08
• High Stock Price Target: $34.00
• Low Stock Price Target: $27.00
• Potential Upside/Downside: -5.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.15
• Trailing P/E Ratio: 226.60
• Forward P/E Ratio: 29.05
• P/E Growth: 1.73
• Net Income: $-7,840,000.00
• Net Margins: 1.75%
• Pretax Margin: 3.85%
• Return on Equity: 7.40%
• Return on Assets: 2.92%

Debt

• Debt-to-Equity Ratio: 0.59
• Current Ratio: 1.04
• Quick Ratio: 1.03

Sales & Book Value

• Annual Sales: $1.19 billion
• Price / Sales: 4.05
• Cash Flow: $1.87 per share
• Price / Cash Flow: 18.13
• Book Value: $14.66 per share
• Price / Book: 2.32

Miscellaneous

• Outstanding Shares: 141,790,000
• Free Float: 113,371,000
• Market Cap: $4.82 billion
• Optionable: Optionable
• Beta: 2.51