Nu Holdings Ltd (NYSE:NU) finished Thursday with an addition of $0.19 to close at $7.29, an upside of 2.68 percent. An average of 23,450,580 shares of common stock have been traded in the last five days. There was a gain of $0.41 in the past week, and it reached a new high 23 times over the past 12 months. The last 20 days have seen an average of 27,437,320 shares traded, while the 50-day average volume stands at 24,928,191.
NU stock has increased by 5.04% in the last month. The company shares reached their 1-month lowest point of $6.63 on 08/31/23. With the stock rallying to its 52-week high on 07/13/23, shares of the company touched a low of $3.39 and a high of $8.29 in 52 weeks. It has reached a new high 29 times so far this year and achieved 79.12% or $3.22 in price. In spite of this, the price is down -12.06% from the 52-week high.
Valuation Metrics
Nu Holdings Ltd (NU) has a trailing price-to-earnings (P/E) ratio of 517.02. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.79, the price-to-book (PB) ratio at 6.13, and the price-to-cash flow ratio at 10.26.
Financial Health
Further, the company has a long term debt to equity ratio of 0.13 and a total debt to equity ratio of 0.16 for the quarter ending June 29. Nu Holdings Ltd’s EBITDA margin for the year ending June 29 is -7.32%, while its operating margin for the same period stands at 6.90%. Its gross profit as reported stood at $2.01 billion compared to revenue of $3.56 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $819.55 million in the quarter, while revenues were grew 72.96%. The analyst consensus anticipated Nu Holdings Ltd’s latest quarter earnings to come in at $0.04 per share, but it turned out to be $0.05, a 25.00% surprise. At the end of the quarter ending June 29, Nu Holdings Ltd’s stock balance sheet showed total debt was $974.1 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nu Holdings Ltd (NU) price momentum. RSI 9-day as of the close on 28 September was 57.47%, suggesting the stock is Neutral, with historical volatility in this time frame at 55.50%.
As of today, NU’s price is $7.00 +5.96% or $0.41 from its 5-day moving average. NU is currently trading +3.55% higher than its 20-day SMA and +33.52% higher than its 100-day SMA. However, the stock’s current price level is -4.33% below the SMA50 and +85.50% above the SMA200.
The stochastic %K and %D were 38.67% and 28.94%, respectively, and the average true range (ATR) was 0.28. With the 14-day stochastic at 58.43% and the average true range at 0.28, the RSI (14) stands at 53.15%. The stock has reached 0.02 on the 9-day MACD Oscillator while the 14-day reading was at -0.12.
Analyst Ratings
JP Morgan upgraded Nu Holdings Ltd (NYSE: NU) to a an Overweight rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for Nu Holdings Ltd (NU) among analysts is Overweight. According to current brokerage recommendations, 3 brokerage firms advise that investors sell NU, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 9 others rate it as a “buy”.
What is NU’s price target for the next 12 months?
Analysts predict a range of price targets between $4.00 and $11.00, with a median target of $9.00. Taking a look at these predictions, the average price target given by analysts for Nu Holdings Ltd (NU) stock is $8.48.
