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Highlights
- Mid-caps can be considered to diversify any investment portfolio.
- Topicus announced recently that it is looking to acquire five°degrees.
- In Q4 2022, Nuvei's total volume stood at US$ 40.3 billion, reflecting a significant growth of 28 per cent YoY.
Mid-cap companies have a market value of more than C$ 2 billion but less than C$ 10 billion. These businesses are less risky than small-cap stocks and are believed to provide greater growth opportunities than large-cap stocks.
Mid-caps can be considered to diversify any investment portfolio since they offer the best risk-spectrum extremes and risk moderation.
If you are looking for some mid-cap stocks in Canada, you might consider watching these this year:
Topicus.com Inc. (TSXV:TOI)
For customers in a small range of public and private sector marketplaces, Topicus.com is a pan-European provider of vertical market platforms and software. The company creates, buys, and manages software companies focused on particular industries.
In a joint release, the company recently announced its fourth-quarter results along with Constellation Software and said its revenue increased 27 per cent year-over-year (YoY) to €263.7 million.
In Q4 2022, the company's net income grew to €28.7 million from €27 million in Q4 2021.
Topicus also announced recently that it is looking to acquire five°degrees, which provides digital banking technology to its clients in Canada, the United States, and Western Europe.
The TOI stock has surged by a little over 35 per cent in the last three months and 30.7 per cent year-to-date (YTD), as per Tradingview data.
Nuvei Corporation (TSX:NVEI)
It is a global payments technology company headquartered in Montreal, Canada. Nuvei also has subsidiaries like Paymentez, SafeCharge, and Paya, Inc.
In Q4 2022, Nuvei's total volume stood at US$ 40.3 billion, reflecting a significant growth of 28 per cent YoY. Notably, e-commerce represented 91 per cent of the total volume.
Notably, the fintech company's revenue surged four per cent YoY to US$ 220.3 million. However, the net income was down by 24 per cent YoY to US$ 9.4 million.
In 2022, Nuvei's adjusted net income increased from US$ 248.6 million to US$ 274.2 million. As of December 31, 2022, the company's cash balance stood at US$ 752 million compared to US$ 749 million in 2021.
Bottom line
One should look at the financial statements and stock performance before investing in an equity market. Research and analysis are important because there's always a risk of losing some or all of the money put into stocks.
Please note, the above content constitutes a very preliminary observation based on the industry and is of limited scope without any in-depth fundamental valuation or technical analysis. Any interest in stocks or sectors should be thoroughly evaluated taking into consideration the associated risks.
