Nu Holdings Ltd. (NU) Is A Stock You Should Watch


As of Wednesday close, Nu Holdings Ltd.’s (NYSE:NU) stock was up $0.24, moving up 5.71 percent to $4.44. The average number of shares traded per day over the past five days has been 32,281,080 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.34 fall in that time frame. In the last twenty days, the average volume was 36,996,520, while in the previous 50 days, it was 31,949,732.

Since last month, NU stock retreated -3.27%. Shares of the company fell to $4.13 on 11/23/22, the lowest level in the past month. Since the beginning of this year, NU’s stock price has dropped by -52.67% or -$4.94, and marked a new high 4 times. However, the stock has declined by -63.73% since its 52-week high.

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Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.09, and the total debt-to-equity ratio was 3.07. On the profitability front, the trailing twelve-month gross margin is 62.90% percent. In the year ended September 29, operating margins totaled -4.40%. Based on annual data, NU earned $679.4 million in gross profit and brought in $1.05 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -1.20%. Return on equity (ROE) for the past 12 months was -2.80%.

In Nu Holdings Ltd.’s quarter-end financial report for September 29, it reported total debt of $8.61 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NU’s revenue rose 5.5% to $1.89 billion during the quarter, while net income inched up to $1.88 billion. While analysts expected Nu Holdings Ltd. to report $0.01 quarterly earnings, the actual figure was $0.01 per share.

Technical Picture

This quick technical analysis looks at Nu Holdings Ltd.’s (NU) price momentum. With a historical volatility rate of 88.40%, the RSI 9-day stood at 47.05% on 23 November.

With respect to its five-day moving average, the current Nu Holdings Ltd. price is down by -7.11% percent or -$0.34. At present, NU shares trade +1.14% above its 20-day simple moving average and +6.73% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.08% below its SMA50 and -50.11% below its SMA200.

Stochastic coefficient K was 13.29% and Stochastic coefficient D was 9.53%, while ATR was 0.34. Given the Stochastic reading of 26.96% for the 14-day period, the RSI (14) reading has been calculated as 47.36%. As of today, the MACD Oscillator reading stands at -0.14, while the 14-day reading stands at -0.27.

Analyst Ratings

Nu Holdings Ltd. downgraded its rating on Nu Holdings Ltd. (NYSE: NU) to an Underweight in a note to investors on November 11, 2022. The analysts firm previously had a Neutral rating on the stock.Nu Holdings Ltd. (NU) has been rated Overweight by analysts. According to 4 brokerage firms, NU is a sell, and 4 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Nu Holdings Ltd. stock as buy, with 12 recommending it as overweight.

With a median target price of $6.50, the current consensus forecast for the stock is $3.30 – $12.40. Based on these forecasts, analysts predict Nu Holdings Ltd. (NU) will achieve an average price target of $6.99.


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