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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Big presence in e-commerce, gaming. Rapid grower at 20% sustainable growth rate. Inexpensive at 16x earnings. Good acquisition extends presence into less-cyclical verticals like government and healthcare. Pullback on disappointing Q1. Finding technical support. Prognosis is blue skies.