Nuvei Corporation (NASDAQ: NVEI) is 27.19% higher on its value in year-to-date trading and has touched a low of $13.32 and a high of $33.78 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NVEI stock was last observed hovering at around $33.35 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $33.40, the stock is 0.31% and 0.64% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.61 million and changing 0.15% at the moment leaves the stock 11.15% off its SMA200. NVEI registered 127.83% gain for a year compared to 6-month gain of 4.15%. The firm has a 50-day simple moving average (SMA 50) of $33.196 and a 200-day simple moving average (SMA200) of $30.098.
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The stock witnessed a 0.51% loss in the last 1 month and extending the period to 3 months gives it a 2.86%, and is 0.21% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 0.17% over the week and 0.30% over the month.
Nuvei Corporation (NVEI) has around 2202 employees, a market worth around $4.74B and $1.31B in sales. Fwd P/E is 13.04. Profit margin for the company is -0.87%. Distance from 52-week low is 150.75% and -1.12% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.34%).
The EPS is expected to grow by 15.33% this year
258.0 institutions hold shares in Nuvei Corporation (NVEI), with institutional investors hold 71.81% of the company’s shares. The shares outstanding are 141.78M, and float is at 65.00M with Short Float at 3.92%. Institutions hold 71.54% of the Float.
The top institutional shareholder in the company is FIL LTD with over 4.42 million shares valued at $143.02 million. The investor’s holdings represent 3.162 of the NVEI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.38 million shares valued at $76.96 million to account for 1.7019 of the shares outstanding. The other top investors are KRYGER CAPITAL LTD which holds 2.2 million shares representing 1.5725 and valued at over $71.1 million, while MILLENNIUM MANAGEMENT LLC holds 1.5312 of the shares totaling 2.14 million with a market value of $69.24 million.
