Nu Holdings Ltd [NU] stock prices are up 2.31% to $11.51 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The NU shares have gain 3.88% over the last week, with a monthly amount glided 22.71%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Nu Holdings Ltd. Reports Fourth Quarter and Full Year 2023 Financial Results. In a post published today on Yahoo Finance, 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.
From an analyst’s perspective:
Previously, Jefferies started tracking the stock with Buy rating on October 16, 2023, and set its price target to $10.80. On October 05, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $8.10 on the stock. JP Morgan upgraded its rating to a Overweight but stick to its price target of $9 on September 11, 2023. Citigroup downgraded its rating to a Neutral and reduced its price target to $6.10 on May 18, 2023. JP Morgan upgraded its rating to Neutral for this stock on December 08, 2022. In a note dated November 11, 2022, JP Morgan downgraded an Underweight rating on this stock.
The stock price of Nu Holdings Ltd [NU] has been fluctuating between $4.13 and $11.33 over the past year. Currently, Wall Street analysts expect the stock to reach $10.75 within the next 12 months. Nu Holdings Ltd [NYSE: NU] shares were valued at $11.51 at the most recent close of the market. An investor can expect a potential drop of -6.6% based on the average NU price forecast.
Analyzing the NU fundamentals
The Nu Holdings Ltd [NYSE:NU] reported sales of 7.01B for trailing twelve months, representing a surge of 92.33%. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.32%, Pretax Profit Margin comes in at 0.25%, and Net Profit Margin reading is 0.17%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.18 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 11.35 points at the first support level, and at 11.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.59, and for the 2nd resistance point, it is at 11.67.
Nu Holdings Ltd [NU] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.08/share, meaning a difference of $0 and a surprise factor of 0.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.07 per share as compared to estimates of $0.06 per share, a difference of $0.01 representing a surprise of 16.70%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.82, the price to book ratio is 8.56 and price to earnings (TTM) ratio is 54.22.
