Nuvei Corporation (NASDAQ: NVEI) stock fell -3.29% on Monday to $16.77 against a previous-day closing price of $17.34. With 0.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.65 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $17.19 whereas the lowest price it dropped to was $16.74. The 52-week range on NVEI shows that it touched its highest point at $43.81 and its lowest point at $15.87 during that stretch. With its current market cap of 3.08 billion, NVEI has annualized dividend of $0.54 while the current yield stands at 3.23%. Beta for the stock currently stands at 2.48.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NVEI was down-trending over the past week, with a drop of -7.40%, but this was down by -1.58% over a month. Three-month performance dropped to -41.75% while six-month performance fell -59.19%. The stock lost -47.36% in the past year, while it has lost -34.00% so far this year. A look at the trailing 12-month EPS for NVEI yields 0.18 with Next year EPS estimates of 2.21. For the next quarter, that number is 0.42. This implies an EPS growth rate of -44.60% for this year and 25.50% for next year. EPS is expected to grow by 17.25% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.80%.
Float and Shares Shorts:
At present, 138.84 million NVEI shares are outstanding with a float of 62.87 million shares on hand for trading. On Aug 30, 2023, short shares totaled 2.78 million, which was 2.00% higher than short shares on Jul 30, 2023. In addition to Mr. Philip Fayer as the firm’s Founder, Chair of the Board & CEO, Mr. Yuval Ziv serves as its Pres.
Through their ownership of 62.09% of NVEI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of NVEI, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 8.11% stake in NVEI, the Fidelity Advisor Series I -Growth is the largest stakeholder. A total of 5,110,719 shares are owned by the mutual fund manager. The Hartford Mid Cap Fund, which owns about 4.53% of NVEI stock, is the second-largest Mutual Fund holder. It holds 2,853,276 shares valued at 51.56 million. Manulife Dividend Income Fund holds 1.56% of the stake in NVEI, owning 981,137 shares worth 17.73 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, NVEI reported revenue of $211.29M and operating income of $27.93M. The EBITDA in the recently reported quarter was $64.52M and diluted EPS was $0.23.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NVEI since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NVEI analysts setting a high price target of $60.00 and a low target of $22.00, the average target price over the next 12 months is $33.67. Based on these targets, NVEI could surge 257.78% to reach the target high and rise by 31.19% to reach the target low. Reaching the average price target will result in a growth of 100.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Dividends & Yield:
In terms of dividends, NVEI has a current ratio of $0.4, which is $0.4 over the trailing 12-months. Dividend yield is another indicator that appeals to many investors, and NVEI currently yields $0.6. In the past year, NVEI’s dividend yield has been $0.6. Accordingly, NVEI has a current buyback yield of $4.88. This was $4.88 for the TTM.