Reassessing The Changing Outlook For Nu Holdings Ltd (NU)

With over 36.22 million Nu Holdings Ltd (NU) shares trading Friday and a closing price of $8.57 on the day, the dollar volume was approximately $310.38 million. The shares have shown a positive half year performance of 10.15% and its price on 01/05/24 gained nearly 4.00%. Currently, there are 3.60B common shares owned by the public and among those 2.47B shares have been available to trade.

Shares of Nu Holdings Ltd (NYSE: NU) opened at $8.28, up $0.04 from a prior closing price of $8.24. The company’s stock has a 5-day price change of 2.39% and 20.03% over the past three months. NU shares are trading 2.88% year to date (YTD), with the 12-month market performance up to 143.47% higher. It has a 12-month low price of $3.39 and touched a high of $8.87 over the same period. NU has an average intraday trading volume of 25.05 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.70%, 4.05%, and 20.21% respectively.

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Institutional ownership of Nu Holdings Ltd (NYSE: NU) shares accounts for 37.77% of the company’s 3.60B shares outstanding.

It has a market capitalization of $40.75B and a beta (3y monthly) value of 0.93. The stock’s trailing 12-month PE ratio is 114.57, while the earnings-per-share (ttm) stands at $0.07. The company has a debt-to-equity ratio at 0.22. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.51% over the week and 2.24% over the month.

Analysts forecast that Nu Holdings Ltd (NU) will achieve an EPS of $0.08 for the current quarter, $0.08 for the next quarter and $0.4 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.09. Comparatively, EPS for the current quarter was $0.02 a year ago.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 18 brokerage firm advisors rate Nu Holdings Ltd (NU) as a “Moderate Buy” at a consensus score of 2.11. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 6 of the 18 advise that investors “hold,” and 2 rated it as a “Sell.”

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