Nu Holdings Ltd. (NYSE:NU) does about 28.02M shares in volume on a normal day but saw 26813809 shares change hands in Monday trading. The company now has a market cap of 17.27B USD. Its current market price is $3.92, marking an increase of 2.89% compared to the previous close of $3.81. The 52 week high reached by this stock is $11.83 whilst the lowest price level in 52 weeks is $3.26. The script in recent trading has seen the stock touch a high of $3.99 and a low of $3.795.
Nu Holdings Ltd. (NU) has a 20-day trading average at $3.74 and the current price is -66.86% off the 52-week high compared with 20.25% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.03 and its 200-day simple moving average is $4.55. If we look at the stock’s price movements over the week, volatility stands at 4.81%, which increases to 5.02% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 54.42 to suggest the stock is neutral.
21 analysts observing the Nu Holdings Ltd. (NU) stock have set the 12-month price targets for the company’s shares at between $3.00 and $12.40. The consensus objective for the share price is $6.66, suggesting that the stock has a potential upside of 41.14% over the period. The median price target is 34.67% away from the current levels at $6.00.
FactSet Research has provided data showing that 21 brokerages have issued ratings for the stock. 3 analysts have rated it as a sell, while 0 advise that it is a overweight. 12 analysts have rated it as a buy and 6 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.
Credit Suisse initiated its price target at $6.50.
The current price level is 4.87%, -3.27%, and -14.15% away from its SMA20, SMA50, and SMA200 respectively, with the NU price moving above the 50-day SMA on January 23. Nu Holdings Ltd. (NU) stock is up 6.52% over the week and 2.35% over the past month. Its price is -3.69% year-to-date and -50.69% over the past year.
The company’s next earnings report is expected on 05/15/2023, with forecasts estimating quarterly EPS at $0.01 and $0 for whole year. Expected sales for next quarter are $1.37 billion, which analysts say will come at $4.21 billion for the current fiscal year and next year at $6.11 billion. In addition, estimates put the company’s current quarterly revenue at an average of $1.22 billion.
Its 12-month price target is $6.00. To reach the target analysts have set, the stock logically needs to grow 41.14 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $3.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $12.40.
Outstanding shares total 4.68B with insiders holding 8.84% of the shares and institutional holders owning 68.40% of the company’s common stock. The company has a return on investment of -1.20% and return on equity of -2.80%. The forward price to earnings ratio is 49.62. Price to book ratio is 3.88 and price to sales ratio is 4.34.
According to a U.S. Securities and Exchange Commission filing, Vanguard International Growth Fun has added its position in Nu Holdings Ltd. (NU) to 41,521,004 shares, mirroring a recent increase by 347.11%. Vanguard International Growth Fun added 32.23 million shares of Nu Holdings Ltd. common stock bringing its total worth to about $168.99 million at the end of recent close, SEC documents show. Vanguard International Growth Fun isn’t the only investment manager who changed stakes and is followed by American Funds New World Fund, which added 5.8 million shares to end up with 35,714,079 shares worth $145.36 million. American Funds EuroPacific Growth cut their holdings by -0.31% in the company over the course of the most recent quarter. It now holds a 0.86% position in Nu Holdings Ltd. thanks to 29.89 million shares amounting to $121.64 million.