Analyst Expect Big Moves From Nu Holdings Ltd (NYSE: NU)

Currently, there are 3.68B common shares owned by the public and among those 3.01B shares have been available to trade.

The company’s stock has a 5-day price change of -7.87% and 14.17% over the past three months. NU shares are trading 48.98% year to date (YTD), with the 12-month market performance up to 58.09% higher. It has a 12-month low price of $6.61 and touched a high of $13.64 over the same period. NU has an average intraday trading volume of 26.62 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 -4.21%, 0.90%, and 20.29% respectively.

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Institutional ownership of Nu Holdings Ltd (NYSE: NU) shares accounts for 52.78% of the company’s 3.68B shares outstanding.

It has a market capitalization of $59.33B and a beta (3y monthly) value of 1.15. The stock’s trailing 12-month PE ratio is 47.66, while the earnings-per-share (ttm) stands at $0.26. The company has a debt-to-equity ratio at 0.30. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.09% over the week and 2.90% over the month.

Earnings per share for the fiscal year are expected to increase by 66.78%, and 49.35% over the next financial year.

Looking at the support for the NU, a number of firms have released research notes about the stock. JP Morgan stated their Neutral rating for the stock in a research note on July 22, 2024, with the firm’s price target at $12-$14.50. Barclays coverage for the Nu Holdings Ltd (NU) stock in a research note released on June 26, 2024 offered a Overweight rating with a price target of $15. Redburn Atlantic was of a view on October 18, 2023 that the stock is Overweight, while Jefferies gave the stock Buy rating on October 16, 2023, issuing a price target of $10.80. New Street on their part issued Neutral rating on October 05, 2023.

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