Nu Holdings Ltd (NYSE: NU)’s Stock Market Position Could Improve In The Coming Months

NOVA

In recent trading session today, 5.76 million shares of the Nu Holdings Ltd (NYSE:NU) have been traded, and its beta is 1.16. Most recently the company’s share price was $13.48, and it changed around $0.33 or 2.47% from the last close, which brings the market valuation of the company to $64.41B. NU at last check was trading at a discount to its 52-week high of $15.16, offering almost -12.46% off that amount. The share price’s 52-week low was $7.20, which indicates that the recent value has risen by an impressive 46.59% since then. We note from Nu Holdings Ltd’s average daily trading volume that its 10-day average is 29.35 million shares, with the 3-month average coming to 40.22 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, 7 recommended NU as a Hold, whereas 8 deemed it a Buy, and 0 rated it as Underweight.

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Nu Holdings Ltd (NYSE:NU) trade information

Instantly NU has been showing a green trend so far today with a performance of 2.47% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 13.71 on recent trading dayincreased the stock’s daily price by 1.68%. The company’s shares are currently up 61.76% year-to-date, but still up 0.34% over the last five days. On the other hand, Nu Holdings Ltd (NYSE:NU) is -2.43% down in the 30-day period. We can see from the shorts that 183.74 million shares have been sold at a short interest cover period of 2.95 day(s).

The consensus price target as assigned by Wall Street analysts is $13.5, which translates to bulls needing to increase their stock price by 0.15% 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 14.00 percent over the past six months and at a 70.83% annual growth rate that is well above the industry average of 17.90%.

NU Dividends

Nu Holdings Ltd’s next quarterly earnings report is expected to be released on 2024-Nov-13.

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

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.