As of Wednesday close, Nu Holdings Ltd.’s (NYSE:NU) stock was down -$0.2, moving down -2.77 percent to $7.01. The average number of shares traded per day over the past five days has been 19,219,959 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.54 fall in that time frame. In the last twenty days, the average volume was 30,314,760, while in the previous 50 days, it was 25,288,137.
Since last month, NU stock retreated -4.63%. Shares of the company fell to $6.63 on 08/31/23, the lowest level in the past month. A 52-week high of $8.29 was reached on 07/13/23 after having rallying from a 52-week low of $3.39. Since the beginning of this year, NU’s stock price has risen by 72.24% or $2.94, and marked a new high 29 times. However, the stock has declined by -15.44% since its 52-week high.
Valuation Metrics
Right now, Nu Holdings Ltd. (NU) has a P/E ratio of about 500.71. The stock’s beta is 1.19. Besides these, the trailing price-to-sales (P/S) ratio of 5.45, the price-to-book (PB) ratio of 5.89, and the price-to-cash flow ratio of 18.41 may also be considered.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 30 was 0.13, and the total debt-to-equity ratio was 3.36. On the profitability front, the trailing twelve-month gross margin is 68.80% percent. In the year ended June 30, EBITDA margin amounted to -7.32%, whereas operating margins totaled 5.60%. 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 1.50%.
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 $0.04 quarterly earnings, the actual figure was $0.05 per share, beating the consensus estimate by 25.00%.
Technical Picture
This quick technical analysis looks at Nu Holdings Ltd.’s (NU) price momentum. With a historical volatility rate of 59.69%, the RSI 9-day stood at 40.08% on 20 September.
With respect to its five-day moving average, the current Nu Holdings Ltd. price is down by -7.15% percent or -$0.54. At present, NU shares trade -4.63% below its 20-day simple moving average and +38.81% percent above its 100-day simple moving average. However, the stock is currently trading approximately -10.24% below its SMA50 and +60.78% above its SMA200.
Stochastic coefficient K was 52.66% and Stochastic coefficient D was 63.61%, while ATR was 0.26. Given the Stochastic reading of 37.20% for the 14-day period, the RSI (14) reading has been calculated as 42.53%. As of today, the MACD Oscillator reading stands at -0.12, while the 14-day reading stands at 0.02.
Analyst Ratings
JP Morgan upgraded its rating on Nu Holdings Ltd. (NYSE: NU) to an Overweight in a note to investors on September 11, 2023. The analysts firm previously had a Neutral rating on the stock.Nu Holdings Ltd. (NU) has been rated Overweight by analysts. According to 3 brokerage firms, NU is a sell, and 5 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 10 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $4.00 – $11.00. Based on these forecasts, analysts predict Nu Holdings Ltd. (NU) will achieve an average price target of $8.46.
