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There were quite a few tech stocks that took off during the pandemic. One of them, of course, was Nuvei (TSX:NVEI), with shares of the company surging by almost 275% between its initial public offering (IPO) and all-time highs.
Yet since then, shares have dropped further and further and further. Now, if you had purchased at the time of the IPO, that $500 would be down to about $390 as of writing. And that would hurt, considering, at one point, it was worth about $1,858.
Even so, there has been some positive movement over the last few months — slow but positive. It might have some investors questioning whether now is the time to get back in on Nuvei stock. So, here is what I would consider before jumping back in.
What happened?
First off, let’s look at why shares jumped off in the first place. There was a lot of hype around the company, with Nuvei stock receiving a significant initial rise from its…
