Nu Holdings Ltd. [NYSE: NU] stock went on a downward path that fall over -2.26% on Friday, amounting to a one-week price increase of more than 8.08%. The company report on August 15, 2023 at 5:21 PM that Nu Holdings Ltd. Reports Second Quarter 2023 Financial Results.
Nu Holdings Ltd. (NYSE: NU), (“Nu” or the “Company”), one of the world’s largest digital financial services platforms, released today its Second Quarter 2023 financial results. Financial results are expressed in U.S. dollars and are presented in accordance with International Financial Reporting Standards (IFRS). The full earnings release has been made available on the Company’s Investor Relations website at www.investors.nu, as well as the details of the Earnings Conference Call Nu will hold today at 6:00pm Eastern time/7:00pm Brasília time.
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“This quarter, Nu continued to expand its customer base, engagement, and monetization, increasing ARPAC above $9 for the first time, while keeping cost to serve stable below the dollar level. This combination led to revenue growing 5x in the last two years to a record of $1.9 billion, and net income reaching $225 million, over 50% higher than the last quarter, which reinforces Nu’s strong operational leverage and earning-generating power. We continue to showcase leading indicators in the region for operating efficiency, and solidity. In Brazil, our growth trajectory continues, as one in every two adults is a Nu customer, and we have become the fourth largest financial institution in the country in number of customers”, said David Vélez, founder and CEO of Nubank.
Over the last 12 months, NU stock rose by 35.79%. The one-year Nu Holdings Ltd. stock forecast points to a potential upside of 15.21. The average equity rating for NU stock is currently 2.40, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $35.71 billion, with 4.73 billion shares outstanding and 3.26 billion shares in the current float. Compared to the average trading volume of 26.49M shares, NU stock reached a trading volume of 36524012 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Nu Holdings Ltd. [NU]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NU shares is $8.68 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NU stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
JP Morgan have made an estimate for Nu Holdings Ltd. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on September 11, 2023.
The Average True Range (ATR) for Nu Holdings Ltd. is set at 0.29, with the Price to Sales ratio for NU stock in the period of the last 12 months amounting to 5.72. The Price to Book ratio for the last quarter was 6.18, with the Price to Cash per share for the same quarter was set at 1.08. Price to Free Cash Flow for NU in the course of the last twelve months was 19.33.
NU Stock Performance Analysis:
Nu Holdings Ltd. [NU] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.08. With this latest performance, NU shares dropped by -3.66% in over the last four-week period, additionally plugging by 59.65% over the last 6 months – not to mention a rise of 35.79% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NU stock in for the last two-week period is set at 51.58, with the RSI for the last a single of trading hit 54.46, and the three-weeks RSI is set at 50.56 for Nu Holdings Ltd. [NU]. The present Moving Average for the last 50 days of trading for this stock 7.54, while it was recorded at 7.46 for the last single week of trading, and 5.75 for the last 200 days.
Insight into Nu Holdings Ltd. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Nu Holdings Ltd. [NU] shares currently have an operating margin of -8.27 and a Gross Margin at +52.87. Nu Holdings Ltd.’s Net Margin is presently recorded at -9.76.
Return on Total Capital for NU is now -6.11, given the latest momentum, and Return on Invested Capital for the company is -7.26. Return on Equity for this stock declined to -7.81, with Return on Assets sitting at -1.46. When it comes to the capital structure of this company, Nu Holdings Ltd. [NU] has a Total Debt to Total Equity ratio set at 12.39. Additionally, NU Total Debt to Total Capital is recorded at 11.02, with Total Debt to Total Assets ending up at 2.03. Long-Term Debt to Equity for the company is recorded at 11.61, with the Long-Term Debt to Total Capital now at 10.33.
Receivables Turnover for the company is 0.46 with a Total Asset Turnover recorded at a value of 0.15.
Nu Holdings Ltd. [NU] Institutonal Ownership Details
The top three institutional holders of NU stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in NU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in NU stock with ownership which is approximately 5.7381%.
