The trading price of Nu Holdings Ltd (NYSE:NU) closed lower on Firday, October 25, and closing at $14.94, -0.53% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $14.67 and $15.085. The company’s P/E ratio in the trailing 12-month period was 47.61, while its 5Y monthly beta was 1.155. In examining the 52-week price action we see that the stock hit a 52-week high of $15.16 and a 52-week low of $7.74. Over the past month, the stock has gained 8.10% in value.
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Nu Holdings Ltd, whose market valuation is $71.42 billion at the time of this writing, is expected to release its quarterly earnings report in November. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 0.11 per share this quarter, however they have predicted annual earnings per share of 0.42 for current year and 0.62 for next year.
Analysts have forecast the company to bring in revenue of 2.85B for the current quarter, with the likely lows of 2.65B and highs of 2.96B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 11.25B.
On the technical side, indicators suggest NU has a 50% 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.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned NU a recommendation rating is 9. Out of them, 1 rate it a Hold, while 8 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Nu Holdings Ltd (NU) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that NU’s price is currently 7.06% off the SMA20 and 4.86% off the SMA50. The RSI metric on the 14-day chart is currently showing 62.86, and weekly volatility stands at 2.63%. When measured over the past 30 days, the indicator reaches 2.80%. Nu Holdings Ltd (NYSE:NU)’s beta value is currently sitting at 1.16, while the Average True Range indicator is currently displaying 0.43. With analysts defining $7-$16 as the low and high price targets, we arrive at a consensus price target of $13.5 for the trailing 12-month period. The current price is about 53.15% off the estimated low and -7.1% off the forecast high, based on this estimate. Investors will be thrilled if NU’s share price rises to $13.5, which is the median consensus price. At that level, NU’s share price would be 9.64% above current price.
To see how Nu Holdings Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: NU stock’s performance was -0.53% in the latest trading, and 87.22% in the past year. Nu Holdings Ltd has a P/E ratio of 47.61.
An evaluation of the daily trading volume of Nu Holdings Ltd (NYSE:NU) indicates that the 3-month average is 39.56 million. However, this figure has increased over the past 10 days to an average of 19.12.
Currently, records show that 3.68 billion of the company’s shares remain outstanding. The insiders hold 37.17% of outstanding shares, whereas institutions hold 50.27%. The stats also highlight that short interest as of 2024-10-15, stood at 175.1 million shares, resulting in a short ratio of 6.43 at that time. From this, we can conclude that short interest is 474.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 183.74 million. However, since the stock’s price has seen 79.35% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
