Nuvei Corp (NVEI.TO) Buy, Sell or Hold

Nuvei Corp (NVEI.TO)

47.61

-0.26 (0.54%)

as of Nov 18, 2024, 9:00:00 pm Market Open.

198 watching

HOLD

Allan Tong’s Discover Picks Up 40% since September 23, 2020. There’s little to suggest that Nuvei will buck this pattern. Don’t get me wrong—I like Nuvei’s prospects and I’m watching it. Based on its lone quarterly report so far, issued last November, revenue increased 32% YOY, and adjusted net income was $16.5 million vs. $2.2 million the year before. The company suffered a net loss $77.9 million compared to $65.7 million YOY, but this included $83.4 million in finance charges from the IPO. Furthermore, transactions from merchants rose 62% YOY (from $7.1 billion to $11.5 billion), while earnings are expected to rise 84.4% per year. Good numbers. NVEI also beat its Q3 2020 EPS by 29 cents. Read 2 Successful Past Picks: Nuvei & Medtronic for our full analysis.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. It is positioned well to profit from the decriminalization of online sports betting. Gambling and payments are strong growth areas. Management has set up the company for global exposure. Unlock Premium - Try 5i Free

TRADE

They are in the secure payments business. The sector will continue to keep growing but he does not know the company well.

BUY ON WEAKNESS

Allan Tong’s Discover Picks Also fresh out of the gate is this Montreal payment-processing company, which became the biggest tech IPO in TSX history last Friday, bigger than Blackberry's or Shopify's debuts. The Nuvei Stock raised US$700 million. Originally, Nuvei planned to sell shares at US$20-22, but strong demand pushed that price to US$26. Nuvei employs 800 people and serves 50,000 customers. Read Snowflake Stock and Nuvei Stock Suddenly Among the Top Tech Stocks to Watch for our full analysis.

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Nuvei Corp (NVEI.TO)