Nu Holdings Ltd [NU] is 43.22% higher this YTD. Is it still time to buy?

Nu Holdings Ltd [NYSE: NU] loss -0.17% or -0.02 points to close at $11.93 with a heavy trading volume of 20027688 shares. The company report on February 22, 2024 at 4:15 PM that Nu Holdings Ltd. Reports Fourth Quarter and Full Year 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 Fourth Quarter and Full Year 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 5:00 pm Eastern time/7:00 pm Brasília time.

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“We are building the largest consumer platform in Latin America, with strong earnings-generating capabilities, having delivered over $8 billion in revenues and $1 billion in net profit in 2023. As we work towards surpassing the 100 million customers milestone in 2024, we are investing heavily in new growth avenues to keep transforming potential into profit. We are unlocking the untapped opportunity of our secured and unsecured lending portfolio, gaining share in the upmarket segment in Brazil, and strengthening our presence in Mexico and Colombia with new products and features. This proves our ability to accelerate our company-wide flywheel beyond our core market and keep pursuing further opportunities,” said David Vélez, founder and CEO of Nubank.

The daily chart for NU points out that the company has recorded 68.03% gains over the past six months.

If we look at the average trading volume of 33.68M shares, NU reached to a volume of 20027688 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about 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 $11.58 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 1.94. 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.

Redburn Atlantic have made an estimate for Nu Holdings Ltd shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on October 18, 2023. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on October 16, 2023, representing the official price target for Nu Holdings Ltd stock. Previously, the target price had yet another drop from $8.25 to $8.10, while New Street kept a Neutral rating on NU stock.

The Average True Range (ATR) for Nu Holdings Ltd is set at 0.31, with the Price to Sales ratio for NU stock in the period of the last 12 months amounting to 7.97. The Price to Book ratio for the last quarter was 8.88, with the Price to Cash per share for the same quarter was set at 1.44. Price to Free Cash Flow for NU in the course of the last twelve months was 6.45.

Trading performance analysis for NU stock

Nu Holdings Ltd [NU] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.53. With this latest performance, NU shares gained by 7.77% in over the last four-week period, additionally plugging by 68.03% over the last 6 months – not to mention a rise of 173.62% 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 63.35, with the RSI for the last a single of trading hit 58.63, and the three-weeks RSI is set at 64.94 for Nu Holdings Ltd [NU]. The present Moving Average for the last 50 days of trading for this stock 10.53, while it was recorded at 12.11 for the last single week of trading, and 8.51 for the last 200 days.

Nu Holdings Ltd [NU]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Nu Holdings Ltd posted 0.04/share EPS, while the average EPS was predicted by analysts to be reported at 0.02/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 100.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NU.

An analysis of Institutional ownership at Nu Holdings Ltd [NU]

The top three institutional holders of NU stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in NU stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in NU stock with ownership which is approximately 5.8325%.

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