Nu Holdings Ltd. (NYSE:NU) saw an upside of 2.89% to close Monday at $3.92 after adding $0.11 on the day. The 5-day average trading volume is 34,133,301 shares of the company’s common stock. It has gained $3.99 in the past week and touched a new high 4 times within the past 5 days. An average of 23,893,395 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 27,647,758.
NU’s 1-month performance is 2.35% or $0.03 on its low of $3.39 reached on 01/06/23. The company’s shares have touched a 52-week low of $3.26 and high of $11.83, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, NU has lost -3.69% or -$0.15 and has reached a new high 1 time. However, the current price is down -66.86% from the 52-week high price.
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Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.34 while the price-to-book (PB) in the most recent quarter is 3.88.
As well, the company’s long term debt to equity for the quarter ending September 29 was 0.09, while the total debt to equity was 3.07. In terms of profitability, the gross margin trailing 12 months is 62.90%. The firm’s gross profit as reported stood at $679.4 million against revenue of $1.05 billion.
For the quarterly period ending September 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 19.95% to $221.61 million, while revenue of $234.61 million was -5.87% off the previous quarter. Analysts expected NU to announce $0.01 per share in earnings in its latest quarter, but it posted $0.01, representing a 0.00% surprise.
Let’s look briefly at Nu Holdings Ltd. (NU) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 63.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 30.98%.
The stock’s 5-day moving average is $3.73, reflecting a +6.52% or $0.24 change from its current price. NU is currently trading +0.26% above its 20-day SMA, -20.33% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -23.29% and SMA200 by-50.06%.
Stochastic %K and %D was 55.60% and 42.18% and the average true range (ATR) pointed at 0.19. The RSI (14) points at 54.42%, while the 14-day stochastic is at 83.46% with the period’s ATR at 0.20. The stock’s 9-day MACD Oscillator is pointing at 0.07 and 0.13 on the 14-day charts.
In the most recent analyst report for Nu Holdings Ltd. (NYSE: NU), JP Morgan upgraded it to a Neutral rating. They previously had an Underweight rating on the stock. Analysts offering their rating for NU stock have a consensus rating for the stock as Overweight. Currently, 3 brokerage advisors rate NU as a “sell,”, while 6 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 12 have offered a “buy” rating.
What is NU’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $3.00 and a high of $12.40, with their median price target at $6.00. Looking at these predictions, the average price target given by analysts is for Nu Holdings Ltd. (NU) stock is $6.54.