With 3.68B Outstanding Shares, Can Nu Holdings Ltd (NYSE: NU) Deliver Big Short-Term Gains?

Nu Holdings Ltd (NYSE:NU) currently has a daily average trading volume of 39.29M but it saw 34760800 shares traded in last market. With a market cap of 63.26B USD, the company’s current market price of $13.32 came falling about -1.04 while comparing to the previous closing price of $13.46. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.15 and as low as $8.04. In the recent trading on the day, stock has struck highest price mark of $13.19 while lowest mark touched by it was $13.6.

Taking a look at 20-day trading activity of Nu Holdings Ltd (NU) gives us an average price of $14.89, while its current price level is -17.50% below from 52-week high level whereas it is 65.67% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.45 while that of 200 days or SMA-200 reads an average of $12.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.49% during that period while stretching the period over a month that decreases to 3.86%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 34.92 which implies that the stock is in neutral territory.

UBS downgraded its recommendation for the stock as a “Neutral” from “Buy” on August 02, 2024 while assigning a price target of $13.50. JP Morgan also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $12 and $14.50.

Over the week, NU’s stock price is moving -14.83% down while it is -8.39% when we observe its performance for the past one month. Year-to-date it is 59.90% up and over the past year, the stock is showing an upside performance of 63.44%.

Currently, Nu Holdings Ltd’s total number of outstanding shares is 3.68B. Company’s return on investment (ROI) stands at 19.88% and return on equity (ROE) at 26.31%. It has a price to earnings ratio (P/E ratio) of 36.53 while having a 22.10 of forward P/E ratio. Stock’s beta reads 1.08. Stock has a price to book (P/B) ratio of 8.38 while price to sale or P/S ratio amounts to 6.45. Its return on asset (ROA) is 4.22% on average.