In the latest trading session, 3.13 million Nu Holdings Ltd (NYSE:NU) shares changed hands as the company’s beta touched 1.10. With the company’s most recent per share price at $13.21 changed hands at -$0.09 or -0.69% at last look, the market valuation stands at $62.73B. NU’s current price is a discount, trading about -22.26% off its 52-week high of $16.15. The share price had its 52-week low at $9.09, which suggests the last value was 31.19% up since then. When we look at Nu Holdings Ltd’s average trading volume, we note the 10-day average is 42.98 million shares, with the 3-month average coming to 40.66 million.
Analysts gave the Nu Holdings Ltd (NU) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.35. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended NU as a Hold, 8 felt it is a Buy and 0 rated the stock as Underweight. Nu Holdings Ltd’s EPS for the current quarter is expected to be 0.12.
Nu Holdings Ltd (NYSE:NU) trade information
Instantly NU was in red as seen in intraday trades today. With action 5.25%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 27.50%, with the 5-day performance at 5.25% in the green. However, in the 30-day time frame, Nu Holdings Ltd (NYSE:NU) is 20.41% up. Looking at the short shares, we see there were 128.96 million shares sold at short interest cover period of 3.44 days.
The consensus price target for the stock as assigned by Wall Street analysts is 13.5, meaning bulls need an upside of 2.15% from its recent market value. According to analyst projections, NU’s forecast low is 7 with 16 as the target high. To hit the forecast high, the stock’s price needs a -21.12% plunge from its current level, while the stock would need to tank 47.01% for it to hit the projected low.
Nu Holdings Ltd (NU) estimates and forecasts
Data shows that the Nu Holdings Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 23.33% over the past 6 months, a 75.00% in annual growth rate that is considerably higher than the industry average of 5.00%. Year-over-year growth is forecast to reach 46.71% up from the last financial year.
Consensus estimates given by 5 financial analysts project the company’s revenue in the current quarter to hit an average of 3.17B. 3 analysts are of the opinion that Nu Holdings Ltd’s revenue for the current quarter will be 3.43B. The company’s revenue for the corresponding quarters a year ago was 2.4B and 2.74B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 31.93%. The estimates for the next quarter sales put growth at 25.44%. The 2025 estimates are for Nu Holdings Ltd earnings to increase by 75.88%.
Nu Holdings Ltd (NYSE:NU)’s Major holders
CAPITAL RESEARCH GLOBAL INVESTORS holds the second largest percentage of outstanding shares, with 4.5566% or 217.5 million shares worth $2.8 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Europacific Growth Fund and Vanguard International Growth Fund. With 115.88 shares estimated at $1.52 billion under it, the former controlled 3.13% of total outstanding shares. On the other hand, Vanguard International Growth Fund held about 1.86% of the shares, roughly 69.09 shares worth around $907.81 million.
