Nu Holdings Ltd (NYSE: NU) Stock: Does It Mean Opportunity?

In the last trading session, 38.25 million shares of the Nu Holdings Ltd (NYSE:NU) were traded, and its beta was 1.16. Most recently the company’s share price was $14.70, and it changed around $0.07 or 0.48% from the last close, which brings the market valuation of the company to $70.27B. NU currently trades at a discount to its 52-week high of $14.85, offering almost -1.02% off that amount. The share price’s 52-week low was $6.62, which indicates that the current value has risen by an impressive 54.97% since then. We note from Nu Holdings Ltd’s average daily trading volume that its 10-day average is 40.59 million shares, with the 3-month average coming to 31.53 million.

Nu Holdings Ltd stock received a consensus recommendation rating of Buy, based on a mean score of 2.19. If we narrow it down even further, the data shows that 1 out of 18 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 5 recommended NU as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight.

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Nu Holdings Ltd (NYSE:NU) trade information

Instantly NU has showed a green trend with a performance of 0.48% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.85 on recent trading dayincreased the stock’s daily price by 1.01%. The company’s shares are currently up 76.47% year-to-date, but still up 1.73% over the last five days. On the other hand, Nu Holdings Ltd (NYSE:NU) is 20.29% up in the 30-day period. We can see from the shorts that 88.57 million shares have been sold at a short interest cover period of 3.85 day(s).

The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to decrease their stock price by -8.89% from its current value. Analyst projections state that NU is forecast to be at a low of $7 and a high of $16.

Nu Holdings Ltd (NU) estimates and forecasts

Nu Holdings Ltd share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 31.96 percent over the past six months and at a 66.67% annual growth rate that is well above the industry average of 16.60%.

Nu Holdings Ltd earnings are expected to increase by 70.51% in 2024, but the outlook is positive 52.70% per year for the next five years.

NU Dividends

Nu Holdings Ltd’s next quarterly earnings report is expected to be released in September.

CAPITAL RESEARCH GLOBAL INVESTORS, with 4.5566% or 217.5 million shares worth $2.8 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.