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Down 40% This Year, Is Nuvei Stock a Buy Today?

Source: fool.ca fool.ca
News Snapshot:

Nuvei (TSX:NVEI) is a fintech company that helps clients facilitate acceptance of next-gen payment methods. It operates in over 200 markets, supporting 150 currencies and 634 APMs (alternative payment methods). In August, the company reported a subdued second-quarter performance and lowered its guidance for this year, making investors nervous. Besides, investors are worried about whether rising inflation will lead to further interest rate hikes, contributing to a sell-off in Nuvei. The payment processing company currently trades 41.2% lower for this year. So, let’s assess whether the downward momentum could continue or if the sell-off provided any buying opportunities. First, let’s…

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