Nu Holdings Ltd (NYSE:NU) saw an upside of 1.31% to close Monday at $6.94 after adding $0.09 on the day. The 5-day average trading volume is 15,480,681 shares of the company’s common stock. It has gained $7.37 in the past week and touched a new high 1 time within the past 5 days. An average of 29,351,744 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 24,520,258.
NU’s 1-month performance is -1.84% or -$0.17 on its low of $6.63 reached on 08/31/23. The company’s shares have touched a 52-week low of $3.39 and high of $8.29, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, NU has achieved 70.52% or $2.87 and has reached a new high 29 times. However, the current price is down -16.28% from the 52-week high price.
Valuation Metrics
NU stock has a beta of 1.18. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 6.47 while the price-to-book (PB) in the most recent quarter is 5.83, with the price to cash flow ratio at 9.77.
As well, the company’s long term debt to equity for the quarter ending June 30 was 0.13, while the total debt to equity was 0.16. In terms of profitability, the gross margin trailing 12 months is 60.80%. The trailing 12-month EBITDA margin is -7.32% while for the period ending June 30, Nu Holdings Ltd’s operating margin was 6.90%. The firm’s gross profit as reported stood at $2.01 billion against revenue of $3.56 billion.
Earnings Surprise
For the quarterly period ending June 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 72.96% to $819.55 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NU to announce $0.04 per share in earnings in its latest quarter, but it posted $0.05, representing a 25.00% 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 25 September was 40.27% to suggest the stock is trending Neutral, with historical volatility in this time period at 55.13%.
The stock’s 5-day moving average is $6.98, reflecting a -4.80% or -$0.35 change from its current price. NU is currently trading -2.39% above its 20-day SMA, +33.72% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -10.10% and SMA200 by+70.94%.
Stochastic %K and %D was 22.22% and 28.69% and the average true range (ATR) pointed at 0.25. The RSI (14) points at 42.08%, while the 14-day stochastic is at 27.27% with the period’s ATR at 0.26. The stock’s 9-day MACD Oscillator is pointing at -0.29 and -0.25 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Nu Holdings Ltd (NYSE: NU), JP Morgan upgraded it to an Overweight rating. They previously had a Neutral rating on the stock.
