A share price of Nu Holdings Ltd [NU] is currently trading at $11.59, up 1.58%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NU shares have gain 3.02% over the last week, with a monthly amount glided 17.31%, 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.
Nu Holdings Ltd experienced fluctuations in its stock price throughout the past year between $4.13 and $11.61. 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 $11.59 at the most recent close of the market. An investor can expect a potential drop of -7.25% based on the average NU price forecast.
Analyzing the NU fundamentals
Trailing Twelve Months sales for Nu Holdings Ltd [NYSE:NU] were 7.01B which represents 92.33% growth. 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 11.42 points at the first support level, and at 11.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.71, and for the 2nd resistance point, it is at 11.84.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 7.88, the price to book ratio is 8.62 and price to earnings (TTM) ratio is 54.59.
