Nu Holdings Ltd. (NYSE: NU) stock fell -0.44% on Wednesday to $6.81 against a previous-day closing price of $6.84. With 36.76 million shares changed hands, the volume of the stock remained heavier than its average volume of 24.83 million shares. During the session, the Banks – Diversified company that operates in wider Financial sector, reached to the highest price of $6.88 whereas the lowest price it dropped to was $6.65. The 52-week range on NU shows that it touched its highest point at $7.09 and its lowest point at $3.26 during that stretch. It currently has a 1-year price target of $7.43.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NU was up-trending over the past week, with a rise of 10.19%, but this was up by 38.41% over a month. Three-month performance surged to 39.26% while six-month performance rose 58.00%. The stock gained 82.09% in the past year, while it has gained 67.32% so far this year. A look at the trailing 12-month EPS for NU yields -0.04 with Next year EPS estimates of 0.25. For the next quarter, that number is 0.03. This implies an EPS growth rate of -117.80% for this year and 78.42% for next year.
Float and Shares Shorts:
At present, 4.71 billion NU shares are outstanding with a float of 3.16 billion shares on hand for trading. On Apr 27, 2023, short shares totaled 98.28 million, which was 2.09% higher than short shares on Mar 30, 2023. In addition to Mr. David Velez-Osomo as the firm’s Founder, Chairman & CEO, Mr. Youssef Lahrech serves as its COO & Pres.
Through their ownership of 66.75% of NU’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 19.66% of NU, in contrast to 16.44% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in NU with 3.48% of the stake, Baillie Gifford & Co. holds 125,468,140 shares worth 125,468,140. A second-largest stockholder of NU, Capital Research & Management Co, holds 108,553,608 shares, controlling over 3.01% of the firm’s shares. Berkshire Hathaway, Inc. is the third largest shareholder in NU, holding 107,118,784 shares or 2.97% stake. With a 1.44% stake in NU, the Vanguard International Growth Fun is the largest stakeholder. A total of 51,727,593 shares are owned by the mutual fund manager. The Invesco Developing Markets Fund, which owns about 1.38% of NU stock, is the second-largest Mutual Fund holder. It holds 49,831,137 shares valued at 257.13 million. American Funds EuroPacific Growth holds 1.30% of the stake in NU, owning 46,983,183 shares worth 242.43 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NU since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NU analysts setting a high price target of $12.40 and a low target of $3.00, the average target price over the next 12 months is $7.29. Based on these targets, NU could surge 82.09% to reach the target high and fall by -55.95% to reach the target low. Reaching the average price target will result in a growth of 7.05% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.