Take off with Nu Holdings Ltd. (NU): Get ready for trading

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.

Institutional Ownership:

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.

Analysts Ratings:

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.

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