Nuvei Non-GAAP EPS of 0.41 misses by 0.05, revenue of 345.5M beats by 14.71M
| 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 |
Nuveis Q2 2024 results show a non-GAAP EPS miss of 0.05, but beat revenue expectations by 14.71M, with revenue at 345.5M, up 12.5 percent YY.
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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.
Beta
Beta Comparative Analysis
Nuvei Corp is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
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
| ALAR | Alarum Technologies | 4.62 | ||||
| PLTR | Palantir Technologies | 3.78 | ||||
| NN | Nextnav Acquisition | 1.76 | ||||
| MQ | Marqeta | 1.08 | ||||
| NTNX | Nutanix | 0.90 | ||||
| PAGS | PagSeguro Digital | 0.64 | ||||
| CRWD | Crowdstrike Holdings | 0.53 | ||||
| OSPN | OneSpan | 0.33 | ||||
| HOOD | Robinhood Markets | 0.38 | ||||
| STNE | StoneCo | 0.50 | ||||
| KPLT | Katapult Holdings | 1.13 | ||||
| CFLT | Confluent | 3.29 | ||||
| GCT | GigaCloud Technology | 3.43 | ||||
| PANW | Palo Alto | 6.20 | ||||
| ARQQ | Arqit Quantum | 27.22 |
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 ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
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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