Nu Holdings Ltd. (NYSE:NU) Forecast To Fall -6.44% To Reach Consensus Target Price

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Nu Holdings Ltd (NYSE:NU) has a beta value of 1.14 and has seen 22.05 million shares traded in the last trading session. The company, currently valued at $65.28B, closed the last trade at $14.37 per share which meant it gained $0.03 on the day or 0.21% during that session. The NU stock price is -11.2% off its 52-week high price of $15.98 and 46.14% above the 52-week low of $7.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 23.68 million shares traded. The 3-month trading volume is 39.63 million shares.

The consensus among analysts is that Nu Holdings Ltd (NU) is Buy stock at the moment, with a recommendation rating of 2.19. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 1 out of 9 have rated it as a Hold, with 8 advising it as a Buy. 0 have rated the stock as Underweight.

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Nu Holdings Ltd (NYSE:NU) trade information

Sporting 0.21% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the NU stock price touched $14.37 or saw a rise of 10.08%. Year-to-date, Nu Holdings Ltd shares have moved 72.51%, while the 5-day performance has seen it change -7.17%. Over the past 30 days, the shares of Nu Holdings Ltd (NYSE:NU) have changed 8.62%. Short interest in the company has seen 175.1 million shares shorted with days to cover at 6.43.

Wall Street analysts have a consensus price target for the stock at $13.5, which means that the shares’ value could drop -6.44% from current levels. The projected low price target is $7.0 while the price target rests at a high of $16.0. In that case, then, we find that the current price level is -11.34% off the targeted high while a plunge would see the stock lose 51.29% from current levels.

Nu Holdings Ltd (NU) estimates and forecasts

Figures show that Nu Holdings Ltd shares have outperformed across the wider relevant industry. The company’s shares have gained 19.75% over the past 6 months, with this year growth rate of 70.83%, compared to 18.80% for the industry.

NU Dividends

Nu Holdings Ltd is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

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

The top two institutional holders are SC US (TTGP), LTD. with over 251.3 million shares worth more than $3.24 billion. As of 2024-06-30, SC US (TTGP), LTD. held 5.2648% of shares outstanding.

The other major institutional holder is CAPITAL RESEARCH GLOBAL INVESTORS, with the holding of over 217.5 million shares as of 2024-06-30. The firm’s total holdings are worth over $2.8 billion and represent 4.5566% of shares outstanding.