Nu Holdings Ltd (NYSE:NU) shares, rose in value on Friday, April 05, with the stock price up by 2.21% to the previous day’s close as strong demand from buyers drove the stock to $12.05.
Actively observing the price movement in the recent trading, the stock is buoying the session at $11.79. The value of beta (5-year monthly) is 1.08 whereas the PE ratio is 56.76 over 12-month period. Referring to stock’s 52-week performance, its high was $12.39, and the low was $4.38. On the whole, NU has fluctuated by 7.11% over the past month.
With the market capitalization of Nu Holdings Ltd currently standing at about $56.47 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 14, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.09, which is expected to increase to $0.1 for fiscal year $0.41 and then to about $0.66 by fiscal year 2025. Data indicates that the EPS growth is expected to be 64.00% in 2025, while the next year’s EPS growth is forecast to be 61.00%.
Analysts have estimated the company’s revenue for the quarter at $2.45 billion, with a low estimate of $2.25 billion and a high estimate of $2.64 billion. According to the average forecast, sales growth in current quarter could jump up 60.00%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $11.09 billion, representing an increase of 38.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that NU’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium term indicators have put the stock in the category of 100% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of NU currently trading nearly 2.00% and 12.06% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.37, while the 7-day volatility ratio is showing 2.61% which for the 30-day chart, stands at 2.59%. Furthermore, Nu Holdings Ltd (NU)’s beta value is 1.09, and its average true range (ATR) is 0.31.
A comparison of Nu Holdings Ltd (NU) with its peers suggests the former has fared considerably weaker in the market. NU showed an intraday change of 2.21% in today’s session so far, and over the past year, it grew by 164.84%%.
Data on historical trading for Nu Holdings Ltd (NYSE:NU) indicates that the trading volumes over the past 10 days have averaged 21.02 million and over the past 3 months, they’ve averaged 33.95 million. According to company’s latest data on outstanding shares, there are 3.68 billion shares outstanding.
Nearly 43.59% of Nu Holdings Ltd’s shares belong to company insiders and institutional investors own 43.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 67.1 million shares as on Mar 15, 2024, resulting in a short ratio of 1.77. According to the data, the short interest in Nu Holdings Ltd (NU) stood at 1.41% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 60.48 million. The stock has risen by 44.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NU stock heading into the next quarter.
