Nu Holdings Ltd (NYSE:NU) Price Forecast For The Next 12 Months Is Set At 16.

In recent trading session, Nu Holdings Ltd (NYSE:NU) saw 5.18 million shares changing hands at last check today with its beta currently measuring 1.15. Company’s recent per share price level of $12.45 trading at -$0.09 or -0.71% at last check today assigns it a market valuation of $59.53B. That most recent trading price of NU’s stock is at a discount of -9.56% from its 52-week high price of $13.64 and is indicating a premium of 46.91% from its 52-week low price of $6.61. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 23.89 million shares which gives us an average trading volume of 26.48 million if we extend that period to 3-months.

For Nu Holdings Ltd (NU), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.21. Splitting up the data highlights that, out of 9 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.09 in the current quarter.

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Nu Holdings Ltd (NYSE:NU) trade information

Upright in the red during last session for losing -0.71%, in the last five days NU remained trading in the red while hitting it’s week-highest on Friday, 07/19/24 when the stock touched $12.45 price level, adding 7.64% to its value on the day. Nu Holdings Ltd’s shares saw a change of 49.47% in year-to-date performance and have moved -5.03% in past 5-day. Nu Holdings Ltd (NYSE:NU) showed a performance of -0.39% in past 30-days. Number of shares sold short was 92.6 million shares which calculate 2.78 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 13.5 to the stock, which implies a rise of 7.78% to its recent value today. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 16. It follows that stock’s current price would jump 43.78% in reaching the projected high whereas dropping to the targeted low would mean a gain of 43.78% for stock’s current value.

Nu Holdings Ltd (NU) estimates and forecasts

Statistics highlight that Nu Holdings Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 38.35% of value to its shares in past 6 months, showing an annual growth rate of 70.83% while that of industry is 14.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 45.40% from the last financial year’s standing.

4 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 2.92B for the same. And 3 analysts are in estimates of company making revenue of 2.93B in the next quarter. Company posted 1.87B and 2.05B of sales in current and next quarters respectively a year earlier.

NU Dividends

Nu Holdings Ltd is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Nu Holdings Ltd (NYSE:NU)’s Major holders

SC US (TTGP), LTD. is the top institutional holder at NU for having 251.94 million shares of worth $3.01 billion. And as of 2024-03-31, it was holding 5.3166 of the company’s outstanding shares.

The second largest institutional holder is CAPITAL RESEARCH GLOBAL INVESTORS, which was holding about 202.62 million shares on 2024-03-31. The number of shares represents firm’s hold over 4.2757 of outstanding shares, having a total worth of $2.42 billion.