The Goldman Sachs Group Trims Nuvei Target Price to 19.00

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 had its price objective cut by The Goldman Sachs Group from 22.00 to 19.00 in a report published on Thursday, Benzinga reports. They currently have a neutral rating on the stock. Several other equities analysts also recently commented on the company. Citigroup lowered their price objective on Nuvei from 42.00

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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.

Number Of Shares Shorted

Number Of Shares Shorted Comparative Analysis

Nuvei Corp is currently under evaluation in number of shares shorted category among its peers. Number of Shares Shorted is the total amount of shares that are currently sold short by investors. When a stock is sold short, the short seller assumes the responsibility of repurchasing the stock at a lower price. The speculator will make money if the stock goes down in price or will experience a loss if the stock price goes up.

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

ARQQArqit Quantum   8.73   
0%
100.0%
PLTRPalantir Technologies   4.77   
0%
54.0%
KPLTKatapult Holdings   4.41   
0%
50.0%
CRWDCrowdstrike Holdings   3.67   
0%
42.0%
HOODRobinhood Markets   3.49   
0%
39.0%
STNEStoneCo   3.13   
0%
35.0%
CFLTConfluent   2.88   
0%
32.0%
MQMarqeta   2.13   
0%
24.0%
NTNXNutanix   2.11   
0%
24.0%
PAGSPagSeguro Digital   1.92   
0%
21.0%
GCTGigaCloud Technology   1.35   
0%
15.0%
PANWPalo Alto   1.32   
0%
15.0%
OSPNOneSpan   0.94   
0%
10.0%
ALARAlarum Technologies   0.72   
8.0%
0%
NNNextnav Acquisition   1.13   
12.0%
0%
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.

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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