In yesterday’s Wall Street session, Nu Holdings Ltd (NYSE:NU) shares traded at $13.65, down -1.59% from the previous session.
NU stock price is now 0.61% away from the 50-day moving average and 18.08% away from the 200-day moving average. The market capitalization of the company currently stands at $65.25B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $13.50, UBS recently Downgraded its rating from Buy to Neutral for Nu Holdings Ltd (NYSE: NU). On July 22, 2024, JP Morgan Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock increasing its target price from $12 to quote $14.50, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Youssef Lahrech, Affiliate bought 36,000 shares of the company’s stock on Sep 30 ’24. The stock was bought for $499,320 at an average price of $13.87. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 17 ’24, Officer Duggal Jagpreet Singh bought 45,775 shares of the business’s stock. A total of $686,625 was incurred on buying the stock at an average price of $15.00. A total of 37.04% of the company’s stock is owned by insiders.
During the past 12 months, Nu Holdings Ltd has had a low of $6.80 and a high of $15.16. According to the stock market information, the enterprise value for the company is $58919882752, which is based on a 43.50 price-to-earnings ratio, a 0.81 price-to-earnings-growth ratio, and a beta of 1.16. The fifty day moving average price for NU is $13.5702 and a two-hundred day moving average price translates $11.58705 for the stock.
The latest earnings results from Nu Holdings Ltd (NYSE: NU) was released for 2024-06-30. The net profit margin was 16.87% and return on equity was 24.35% for NU. The company reported revenue of $2.38 billion for the quarter, compared to $1.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.86 percent.
