NVEI Stock Earnings Nuvei Misses EPS, Beats Revenue for Q1 2024
| 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 |
NVEI stock results show that Nuvei missed analyst estimates for earnings per share but beat on revenue for the first quarter of 2024.
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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.
Probability Of Bankruptcy
Probability Of Bankruptcy Comparative Analysis
Nuvei Corp is currently under evaluation in probability of bankruptcy category among its peers. Probability Of Bankruptcy is a relative measure of the likelihood of financial distress. For stocks, the Probability Of Bankruptcy is the normalized value of Z-Score. For funds and ETFs, it is derived from a multi-factor model developed by Macroaxis. The score is used to predict the probability of a firm or a fund experiencing financial distress within the next 24 months. Unlike Z-Score, Probability Of Bankruptcy is the value between 0 and 100, indicating the firm's actual probability it will be financially distressed in the next 2 fiscal years.
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 | 8.21 | ||||
| PAGS | PagSeguro Digital | 3.54 | ||||
| STNE | StoneCo | 2.64 | ||||
| OSPN | OneSpan | 2.10 | ||||
| NTNX | Nutanix | 1.33 | ||||
| ALAR | Alarum Technologies | 0.63 | ||||
| PANW | Palo Alto | 0.61 | ||||
| CFLT | Confluent | 0.52 | ||||
| MQ | Marqeta | 0.52 | ||||
| KPLT | Katapult Holdings | 0.26 | ||||
| CRWD | Crowdstrike Holdings | 0.24 | ||||
| HOOD | Robinhood Markets | 0.21 | ||||
| NN | Nextnav Acquisition | 0.81 | ||||
| PLTR | Palantir Technologies | 1.03 | ||||
| GCT | GigaCloud Technology | 4.29 |
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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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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