Nuvei Needs To Be Stripped Of Its "Strong Buy" Status
While Nuvei has a "Strong Buy" recomendation from many brokerage firms, notably TD Securities, the stock is now heading for record low levels, even lower than its IPO price of $45.00 a share set in 2020.
If Nuvei was a "Strong Buy", it shouldn't be plunging to new record lows almost every day, it should be climbing to record highs.
That's why Nuvei needs a demotion to Buy or Hold recommendation.