Nu Holdings Ltd (NYSE:NU) price on Wednesday, January 15, rose 4.58% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $11.41.
A look at the stock’s price movement, the close in the last trading session was $10.91, moving within a range at $11.11 and $11.49. The PE ratio in trailing twelve months stood at 31.29. Turning to its 52-week performance, $16.15 and $8.51 were the 52-week high and 52-week low respectively. Overall, NU moved -4.84% over the past month.
Nu Holdings Ltd’s market cap currently stands at around $54.19 billion, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 3.21B for the company’s revenue for the quarter, with a low and high estimate of 2.82B and 3.51B respectively. The average forecast suggests up to a 33.47% 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 11.81B, representing a 47.10% 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 50% Sell. On the other hand, the stock is on average a 100% Sell 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 5.52% and -8.46% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 50.74, while 7-day volatility ratio is 3.20% and 3.54% in the 30-day chart. Further, Nu Holdings Ltd (NU) has a beta value of 1.04, and an average true range (ATR) of 0.44. Analysts have given the company’s stock an average 52-week price target of $16, forecast between a low of $16 and high of $16. Looking at the price targets, the low is -40.23% off current price level while to achieve the yearly target high, price needs to move -40.23%. Nonetheless, investors will most likely welcome a -40.23% jump to $16 which is the analysts’ median price.
If we refocus on Nu Holdings Ltd (NYSE:NU), historical trading data shows that trading volumes averaged 28.01 over the past 10 days and 36.52 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 55.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 135.97 million on 2024-12-31, giving us a short ratio of 3.09. The data shows that as of 2024-12-31 short interest in Nu Holdings Ltd (NU) stood at 363.0 of shares outstanding, with shares short falling to 148.99 million registered in 2024-11-29. Current price change has pushed the stock 10.14% 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.
