Is Nu Holdings Ltd (NYSE: NU) Back In The Buying Zone?

Currently, there are 3.68B common shares owned by the public and among those 2.69B shares have been available to trade.

The company’s stock has a 5-day price change of -2.29% and 25.25% over the past three months. NU shares are trading 22.69% year to date (YTD), with the 12-month market performance up to 111.59% higher. It has a 12-month low price of $4.13 and touched a high of $10.49 over the same period. NU has an average intraday trading volume of 28.89 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 5.68%, 13.22%, and 29.37% respectively.

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Institutional ownership of Nu Holdings Ltd (NYSE: NU) shares accounts for 42.79% of the company’s 3.68B shares outstanding.

It has a market capitalization of $48.71B and a beta (3y monthly) value of 1.02. The stock’s trailing 12-month PE ratio is 48.14, while the earnings-per-share (ttm) stands at $0.21. The company has a debt-to-equity ratio at 0.18. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.01% over the week and 3.39% over the month.

Analysts forecast that Nu Holdings Ltd (NU) will achieve an EPS of $0.08 for the current quarter, $0.09 for the next quarter and $0.41 for 2024. The lowest estimate earnings-per-share for the quarter is $0.07 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was $0.02 a year ago. Earnings per share for the fiscal year are expected to increase by 65.17%, and 48.18% over the next financial year.

Jefferies coverage for the Nu Holdings Ltd (NU) stock in a research note released on October 16, 2023 offered a Buy rating with a price target of $10.80. New Street was of a view on October 05, 2023 that the stock is Neutral, while JP Morgan gave the stock Overweight rating on September 11, 2023, issuing a price target of $9. Citigroup on their part issued Neutral rating on May 18, 2023.

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