Let’s look at the key reasons that are pushing Nu Holdings Ltd (NU) to new highs

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A new trading day began on Tuesday, with Nu Holdings Ltd (NYSE: NU) stock price remained unchanged from the previous day of trading, before settling in for the closing price of $14.54. NU’s price has ranged from $7.74 to $15.16 over the past 52 weeks.

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Financial Sector giant saw their annual sales surged by 94.53% over the last five years. Meanwhile, its annual earnings per share averaged 72.90%. With a float of $3.00 billion, this company’s outstanding shares have now reached $3.68 billion.

The firm has a total of 7686 workers. Let’s measure their productivity. In terms of profitability, gross margin is 67.85%, operating margin of 26.23%, and the pretax margin is 26.23%.

Nu Holdings Ltd (NU) Breakdown of a Key Holders of the stock

As we move forward, let’s examine how large-scale investors are investing in this stock of the Banks – Regional Industry. The insider ownership of Nu Holdings Ltd is 37.17%, while institutional ownership is 50.19%. The most recent insider transaction that took place on Sep 30 ’24, was worth 499,320. Before that another transaction happened on Sep 17 ’24, when Company’s Officer proposed sale 45,775 for $15.00, making the entire transaction worth $686,625.

Nu Holdings Ltd (NU) Recent Fiscal highlights

In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0.07 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.12 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 72.90% per share during the next fiscal year.

Nu Holdings Ltd (NYSE: NU) Trading Performance Indicators

Here are Nu Holdings Ltd’s current performance indicators. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 7.66. Likewise, its price to free cash flow for the trailing twelve months is 5.74.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.31, a number that is poised to hit 0.11 in the next quarter and is forecasted to reach 0.60 in one year’s time.

Technical Analysis of Nu Holdings Ltd (NU)

Analysing the last 5-days average volume posted by the [Nu Holdings Ltd, NU], we can find that recorded value of 15.35 million was lower than the volume posted last year of 32.32 million. As of the previous 9 days, the stock’s Stochastic %D was 84.47%. Additionally, its Average True Range was 0.42.

During the past 100 days, Nu Holdings Ltd’s (NU) raw stochastic average was set at 88.71%, which indicates a significant increase from 88.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 35.49% in the past 14 days, which was lower than the 38.97% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $14.15, while its 200-day Moving Average is $12.03. Now, the first resistance to watch is $14.65. This is followed by the second major resistance level at $14.76. The third major resistance level sits at $14.91. If the price goes on to break the first support level at $14.38, it is likely to go to the next support level at $14.23. Now, if the price goes above the second support level, the third support stands at $14.12.

Nu Holdings Ltd (NYSE: NU) Key Stats

With a market capitalization of 69.50 billion, the company has a total of 4,765,937K Shares Outstanding. Currently, annual sales are 8,029 M while annual income is 1,031 M. The company’s previous quarter sales were 2,849 M while its latest quarter income was 487,270 K.