Garbage Short Report finally behind Nuvei after earnings....The payment-processing platform provider Nuvei reported a handsome 83% top-line growth year over year in Q4 2021. The e-commerce segment continues to be its biggest revenue contributor at 88%. Its net income for the quarter declined to $12.3 million from $22.3 million in Q4 2020. However, for the full year 2022, its net income almost doubled to $211 million.
After an enormous rally last year, NVEI stock saw a paradigm shift in 2022. The stock has tumbled almost 70% in the last six months. However, it seems to stabilize at around $65-$70 levels. In addition, relative discount to its all-time highs and recent quarterly numbers could drive the stock higher, implying a good entry point at its current levels.
https://www.fool.ca/2022/03/09/2-tsx-stocks-that-zoomed-after-solid-q4-earnings-this-week/