During the last session, Nu Holdings Ltd (NYSE:NU)’s traded shares were 560.2 million, with the beta value of the company hitting 1.15. At the end of the trading day, the stock’s price was $14.97, reflecting an intraday gain of 5.20% or $0.74. The 52-week high for the NU share is $14.85, that puts it up 0.8 from that peak though still a striking 55.78% gain since the share price plummeted to a 52-week low of $6.62. The company’s market capitalization is $71.56B, and the average intraday trading volume over the past 10 days was 36.62 million shares, and the average trade volume was 31.98 million shares over the past three months.
Nu Holdings Ltd (NU) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.19. NU has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.11.
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Nu Holdings Ltd (NYSE:NU) trade information
Nu Holdings Ltd (NU) registered a 5.20% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.20% in intraday trading to $14.97, hitting a weekly high. The stock’s 5-day price performance is 3.81%, and it has moved by 29.95% in 30 days. Based on these gigs, the overall price performance for the year is 112.64%. The short interest in Nu Holdings Ltd (NYSE:NU) is 79.53 million shares and it means that shorts have 2.42 day(s) to cover.
The consensus price target of analysts on Wall Street is $13.5, which implies a decrease of -10.89% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $7 and $16 respectively. As a result, NU is trading at a discount of -6.88% off the target high and 53.24% off the low.
Nu Holdings Ltd (NU) estimates and forecasts
Statistics show that Nu Holdings Ltd has outperformed its competitors in share price, compared to the industry in which it operates. Nu Holdings Ltd (NU) shares have gone up 32.83% during the last six months, with a year-to-date growth rate more than the industry average at 66.67% against 17.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 57.10% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will increase 40.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.96B as predicted by 2 analyst(s). Meanwhile, a consensus of 2 analyst(s) estimates revenue growth to 3.15B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.05B and 2.4B respectively. In this case, analysts expect current quarter sales to grow by 44.10% and then jump by 30.90% in the coming quarter.
While earnings are projected to return 70.51% in 2024, the next five years will return 52.70% per annum.
NU Dividends
Nu Holdings Ltd is due to release its next quarterly earnings on 2024-Nov-13. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 217.5 million shares, is of CAPITAL RESEARCH GLOBAL INVESTORS’s that is approximately 4.5566% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.8 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Nu Holdings Ltd (NU) shares are Europacific Growth Fund and Vanguard International Growth Fund . Data provided on Mar 31, 2024 indicates that Europacific Growth Fund owns about 98.68 shares. This amounts to just over 2.66 percent of the company’s overall shares, with a $1.48 billion market value. The same data shows that the other fund manager holds slightly less at 60.64, or about 1.64% of the stock, which is worth about $907.86 million.
