TSX:NVEI - Post Discussion
Post by
retiredcf on Oct 26, 2023 7:11am
Stockchase Insights
HOLD
Nuvei Corp(NVEI-T)
25/10/2023
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
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.
Technology
$19.310
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