Spruce Point no longer holding short position in Ryan Reynolds-backed Nuvei
NVEIDelisted Stock | USD 33.99 0.00 0.00% |
Under 56% of Nuvei Corp's investor base is looking to short. The analysis of overall sentiment of trading Nuvei Corp stock suggests that many investors are alarmed at this time. Nuvei Corp's investing sentiment shows overall attitude of investors towards Nuvei Corp.
Nuvei |
Spruce Point Capital Management is no longer holding a short position in Nuvei , the Canadian fintech firm backed by Ryan Reynolds, after the companys stock reached the short-sellers price target range.
Read at reuters.com
Nuvei Corp Fundamental Analysis
We analyze Nuvei Corp's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Nuvei Corp using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Nuvei Corp based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Market Capitalization
Market Capitalization Comparative Analysis
Nuvei Corp is currently under evaluation in market capitalization category among its peers. Market Capitalization is the total market value of a company's equity. It is one of many ways to value a company and is calculated by multiplying the price of the stock by the number of shares issued. If a firm has one type of stock its market capitalization will be the current market share price multiplied by the number of shares. However, if a company has multiple types of equities then the market cap will be the total of the market caps of the different types of shares.
Nuvei Corp Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Nuvei Corp stock to make a market-neutral strategy. Peer analysis of Nuvei Corp could also be used in its relative valuation, which is a method of valuing Nuvei Corp by comparing valuation metrics with similar companies.
Peers
Nuvei Corp Related Equities
ARQQ | Arqit Quantum | 8.73 | ||||
PLTR | Palantir Technologies | 4.77 | ||||
KPLT | Katapult Holdings | 4.41 | ||||
CRWD | Crowdstrike Holdings | 3.67 | ||||
HOOD | Robinhood Markets | 3.49 | ||||
STNE | StoneCo | 3.13 | ||||
CFLT | Confluent | 2.88 | ||||
MQ | Marqeta | 2.13 | ||||
NTNX | Nutanix | 2.11 | ||||
PAGS | PagSeguro Digital | 1.92 | ||||
GCT | GigaCloud Technology | 1.35 | ||||
PANW | Palo Alto | 1.32 | ||||
OSPN | OneSpan | 0.94 | ||||
ALAR | Alarum Technologies | 0.72 | ||||
NN | Nextnav Acquisition | 1.13 |
Check out Correlation Analysis to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.
Other Consideration for investing in Nuvei Stock
If you are still planning to invest in Nuvei Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Nuvei Corp's history and understand the potential risks before investing.
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