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

0
5
NTGR
NTGR

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.


China Can't Stop US$0.25 Stock from Mining Ultra-Rare Metal

Here's one little-known company — trading undiscovered below 25-cents per share — that's advancing one of the largest and highest quality REE deposits in all of North America... and the Chinese can't do a damn thing about it! It's early stage... and that's excellent news for individual investors like you who have the foresight to act decisively on an emerging megatrend that's already being measured in the Tens of $Billions.

Simply click here and the name & trading symbol are yours.

Sponsored


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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here