Nuvei Corporation (NASDAQ:NVEI) shares, rose in value on Friday, November 01, without any change to the previous day’s close as strong demand from buyers drove the stock to $33.65.
Actively observing the price movement in the last trading, the stock closed the session at $33.65, falling within a range of $33.54 and $33.69. The value of beta (5-year monthly) was 3.119. Referring to stock’s 52-week performance, its high was $33.78, and the low was $13.60. On the whole, NVEI has fluctuated by 0.75% over the past month.
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With the market capitalization of Nuvei Corporation currently standing at about $6.65 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.19%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 1.39B, with a low estimate of 323.68M and a high estimate of 347.72M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 338M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NVEI’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of NVEI currently trading nearly 0.40% and 0.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.56, while the 7-day volatility ratio is showing 0.42% which for the 30-day chart, stands at 0.31%. Furthermore, Nuvei Corporation (NVEI)’s beta value is 2.64, and its average true range (ATR) is 0.11.
A comparison of Nuvei Corporation (NVEI) with its peers suggests the former has fared considerably weaker in the market. NVEI showed an intraday change of 0.00% in last session, and over the past year, it grew by 142.26%%.
Data on historical trading for Nuvei Corporation (NASDAQ:NVEI) indicates that the trading volumes over the past 10 days have averaged 0.5 and over the past 3 months, they’ve averaged 541.87K. According to company’s latest data on outstanding shares, there are 141.78 million shares outstanding.
Nearly 54.13% of Nuvei Corporation’s shares belong to company insiders and institutional investors own 36.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 1.84 million shares as on 2024-10-15, resulting in a short ratio of 4.28. The stock has risen by 28.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NVEI stock heading into the next quarter.
