At the last check on Thursday, Nu Holdings Ltd.’s (NYSE:NU) stock was up $0.07, moving up 1.03 percent to $6.88. The average number of shares traded per day over the past five days has been 37,457,563 shares. 3 times new highs have been achieved over the past 5 days, with a $0.51 gain in that time frame. In the last twenty days, the average volume was 34,761,105, while in the previous 50 days, it was 24,182,486.
Since last month, NU stock rose 39.27%. Shares of the company fell to $4.91 on 04/26/23, the lowest level in the past month. A 52-week high of $7.09 was reached on 05/23/23 after having rallying from a 52-week low of $3.26. Since the beginning of this year, NU’s stock price has risen by 69.04% or $2.82, and marked a new high 20 times. However, the stock has declined by -2.96% 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 March 30 was 0.12, and the total debt-to-equity ratio was 3.18. On the profitability front, the trailing twelve-month gross margin is 65.50% percent. In the year ended March 30, operating margins totaled 0.00%. Based on annual data, NU earned $2.01 billion in gross profit and brought in $3.56 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 -1.70%. Return on equity (ROE) for the past 12 months was -3.60%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected Nu Holdings Ltd. to report $0.02 quarterly earnings, the actual figure was $0.04 per share.
Technical Picture
This quick technical analysis looks at Nu Holdings Ltd.’s (NU) price momentum. With a historical volatility rate of 32.42%, the RSI 9-day stood at 87.65% on 24 May.
With respect to its five-day moving average, the current Nu Holdings Ltd. price is up by +7.90% percent or $0.51. At present, NU shares trade +36.53% above its 20-day simple moving average and +69.41% percent above its 100-day simple moving average. However, the stock is currently trading approximately +55.29% above its SMA50 and +62.24% above its SMA200.
Stochastic coefficient K was 86.39% and Stochastic coefficient D was 84.82%, while ATR was 0.31. Given the Stochastic reading of 87.89% for the 14-day period, the RSI (14) reading has been calculated as 83.11%. As of today, the MACD Oscillator reading stands at 0.35, while the 14-day reading stands at 0.57.
With a median target price of $7.00, the current consensus forecast for the stock is $3.00 – $12.40. Based on these forecasts, analysts predict Nu Holdings Ltd. (NU) will achieve an average price target of $7.29.