Stock price when the opinion was issued
NVEI has $466M in revenue in Europe, Middle East and Africa (no individual country breakdown) so certainly is not immune to the sector's slowdown. Large cap US fintech stocks are also getting hit hard this week. Negative momentum does have a way of feeding upon itself, and NVEI's results and guidance and customer loss are adding more concerns for investors. The market backdrop has sharply turned, and small caps are getting crushed all over. NVEI's dividend confused investors, considering its debt. The crypto rally should help it, a bit, but for now fear, anger at the company and higher interest rates are driving the selling.
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Scorching hot, Covid-era IPO. Went up in parabolic fashion, and then down symmetrically. Regaining momentum. Global payments company in different verticals like online betting, social gaming, foreign exchange trading. Smaller business in crypto. Recent acquisition deepens exposure in less-cyclical verticals like healthcare, very accretive. Increased revenue guidance. Founder-led. Large addressable market. Despite the runup, undemanding multiple at less than 20x. No dividend.
(Analysts’ price target is $71.26)