Nu Holdings Ltd (NYSE: NU) Up 61.64% This Year: What To Expect Next

The trading price of Nu Holdings Ltd (NYSE:NU) floating higher at last check on Monday, July 15, closing at $13.47, 0.41% higher than its previous close.

The company’s P/E ratio in the trailing 12-month period was 51.71. In examining the 52-week price action we see that the stock hit a 52-week high of $13.59 and a 52-week low of $6.61. Over the past month, the stock has gained 16.28% in value.

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Nu Holdings Ltd, whose market valuation is $64.38 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.

On the technical side, indicators suggest NU has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

A quick review shows that NU’s price is currently 7.76% off the SMA20 and 11.85% off the SMA50. The RSI metric on the 14-day chart is currently showing 68.73, and weekly volatility stands at 2.51%. When measured over the past 30 days, the indicator reaches 3.56%. Nu Holdings Ltd (NYSE:NU)’s beta value is currently sitting at 1.14, while the Average True Range indicator is currently displaying 0.39.

To see how Nu Holdings Ltd stock has been performing today in comparison to its peers in the industry, here are the numbers: NU stock’s performance was 0.41% at last check in today’s session, and 64.61% in the past year. Nu Holdings Ltd has a P/E ratio of 51.71.

An evaluation of the daily trading volume of Nu Holdings Ltd (NYSE:NU) indicates that the 3-month average is 25.88 million.

Currently, records show that 3.68 billion of the company’s shares remain outstanding. The insiders hold 37.12% of outstanding shares, whereas institutions hold 47.34%. However, since the stock’s price has seen 61.64% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

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