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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That said, let’s remember that Nuvei shares, currently trading around $58, are a long ways from their 52-week peak of $97.30. It remains a volatile name at a 2.95 beta and a 105.47x PE. However, Nuvei is far better than Lightspeed in virtually every metric. For instance, Nuvei’s EPS is $0.55 EPS compared to Nuvei’s -$10.58 EPS and Shopify‘s -$3.66. Nuvei has easily beaten its last four quarters and carries a healthy balance sheet. Read Dark horses: Nuvei, Cineplex, Boralex for our full analysis.