Nu Holdings Ltd (NYSE: NU) has experienced a rise in its stock price by 1.21 compared to its previous closing price of 12.37. However, the company has seen a fall of -7.05% in its stock price over the last five trading days. finbold.com reported 2024-07-25 that Over the years, investment magnate Warren Buffett has built a reputation for his skepticism towards cryptocurrencies, particularly Bitcoin (BTC), which he once termed “rat poison.”
Is It Worth Investing in Nu Holdings Ltd (NYSE: NU) Right Now?
Nu Holdings Ltd (NYSE: NU) has a higher price-to-earnings ratio of 48.08x compared to its average ratio, The 36-month beta value for NU is at 1.15. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NU is 3.01B, and currently, shorts hold a 3.08% of that float. The average trading volume for NU on July 26, 2024 was 26.62M shares.
NU’s Market Performance
NU stock saw a decrease of -7.05% in the past week, with a monthly decline of -1.26% and a quarterly a decrease of 15.18%. The volatility ratio for the week is 3.08%, and the volatility levels for the last 30 days are 2.92% for Nu Holdings Ltd (NU). The simple moving average for the past 20 days is -3.37% for NU’s stock, with a 21.35% simple moving average for the past 200 days.
Analysts’ Opinion of NU
Many brokerage firms have already submitted their reports for NU stocks, with JP Morgan repeating the rating for NU by listing it as a “Neutral.” The predicted price for NU in the upcoming period, according to JP Morgan is $14.50 based on the research report published on July 22, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see NU reach a price target of $15. The rating they have provided for NU stocks is “Overweight” according to the report published on June 26th, 2024.
NU Trading at 1.79% from the 50-Day Moving Average
After a stumble in the market that brought NU to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.21% of loss for the given period.
Volatility was left at 2.92%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares sank -3.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.84% upper at present.
During the last 5 trading sessions, NU fell by -7.54%, which changed the moving average for the period of 200-days by +70.38% in comparison to the 20-day moving average, which settled at $12.93. In addition, Nu Holdings Ltd saw 50.30% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for NU
Current profitability levels for the company are sitting at:
- 0.25 for the present operating margin
- 0.66 for the gross margin
The net margin for Nu Holdings Ltd stands at 0.17. The total capital return value is set at 0.04. Equity return is now at value 21.11, with 3.46 for asset returns.
Based on Nu Holdings Ltd (NU), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 2.51. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 0.83.
Currently, EBITDA for the company is 1.6 billion with net debt to EBITDA at -2.04. When we switch over and look at the enterprise to sales, we see a ratio of 7.42. The receivables turnover for the company is 0.54for trailing twelve months and the total asset turnover is 0.17.
Conclusion
In conclusion, Nu Holdings Ltd (NU) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
