Nu Holdings Ltd (NYSE:NU) price on current trading day, fall -0.33% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $11.96.
A look at the stock’s price movement, the close in the last trading session was $12.00, moving within a range at $11.94 and $12.28. The PE ratio in trailing twelve months stood at 32.80. Turning to its 52-week performance, $16.15 and $8.06 were the 52-week high and 52-week low respectively. Overall, NU moved -18.47% over the past month.
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Nu Holdings Ltd’s market cap currently stands at around $56.80 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 3.23B for the company’s revenue for the quarter, with a low and high estimate of 2.91B and 3.51B respectively. The average forecast suggests up to a 34.42% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 11.64B, representing a 44.92% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NU is a Hold. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
9 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 1 analyst(s) rate the stock as a Hold, 8 recommend NU as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
NU’s current price about -13.54% and -15.04% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.83, while 7-day volatility ratio is 4.52% and 4.37% in the 30-day chart. Further, Nu Holdings Ltd (NU) has a beta value of 0.99, and an average true range (ATR) of 0.62. Analysts have given the company’s stock an average 52-week price target of $15.2, forecast between a low of $15 and high of $16. Looking at the price targets, the low is -25.42% off current price level while to achieve the yearly target high, price needs to move -33.78%. Nonetheless, investors will most likely welcome a -27.09% jump to $15.2 which is the analysts’ median price.
If we refocus on Nu Holdings Ltd (NYSE:NU), historical trading data shows that trading volumes averaged 52.81 over the past 10 days and 33.09 million over the past 3 months. The company’s latest data on shares outstanding shows there are 3.76 billion shares.
The 34.16% of Nu Holdings Ltd’s shares are in the hands of company insiders while institutional holders own 55.80% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 151.69 million on 2024-11-15, giving us a short ratio of 5.31. The data shows that as of 2024-11-15 short interest in Nu Holdings Ltd (NU) stood at 405.99998 of shares outstanding, with shares short falling to 175.1 million registered in 2024-10-15. Current price change has pushed the stock 43.58% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NU stock continues to rise going into the next quarter.
