Rose

Million

Resistance

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NU stock lost 3.55% in a quarter despite weekly and monthly surges of 8% and 11.44%, respectively.</a> </li> 
 <li> <span>2</span> <a>The reported EPS of the company in Q2 2023 was 21.63% greater than the estimated EPS.&nbsp;</a> </li> 
 <li> <span>3</span> <a>A significant decline in NU stock price was seen following the revenue release of the second quarter of 2023.&nbsp;</a> </li> 
</ul> 
<p>NU’s stock price surged 8% in a week and 11.44% in a month, and at the time of publishing, it was trading at $7.60. The annual price target of Nu Holdings, Ltd is $8.58, which is 12.87% greater than its press time trading price.</p> 
<h2 class="wp-block-heading" id="strong-nu-holdings-nu-stock-price-analysis-strong"><strong>Nu Holdings (NU) Stock Price Analysis&nbsp;</strong></h2> 
<p>In the 52-week time frame, NU stock peaked at $8.29, and its lowest trading price was $3.39. Nu Holdings, Ltd has a market capitalization of $35.676 Billion. Market cap surged over 89.01% in 2023 compared to the year earlier.</p> 
<p>When writing NU, the stock price was trading above 20, 50, 100, and the 200-day exponential moving averages (EMAs). The MACD and the signal line are approaching the zero line, and bulls are closely capturing the forts and eroding bears’ dominance.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1080" height="581" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-364.png" alt="NU Stock Rose 8%; is Path Towards New 52-Weeks High Clear?" class="wp-image-175214" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-364.png 1080w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-364-300x161.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-364-1024x551.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-364-768x413.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-364-750x403.png 750w" sizes="(max-width: 1080px) 100vw, 1080px">
  <figcaption class="wp-element-caption">
   Source: NU stock price chart from <a href="https://www.tradingview.com/x/fRhpgZ2m/">TradingView&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The RSI line is heading toward positive territory, and if bulls persist, further bullishness in the trading price is expected. A significant NU stock trading price gap was seen on August 16 &amp; 17 following the company’s earnings release.</p> 
<p>Despite a quarterly decline of 3.55%, NU stock has been profitable in other trading time frames. If bulls follow a similar pattern, further bullishness in the NU stock trading price is expected.</p> 
<h3 class="wp-block-heading" id="strong-nu-holdings-ltd-nu-financial-updates-strong"><strong>Nu Holdings, Ltd (NU) Financial Updates&nbsp;</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2023/10/10/boeing-stock-is-ba-stock-price-below-200-ahead-of-earnings/" target="_blank" rel="noreferrer noopener">Nu Holdings,</a> Ltd impressed its investors for the second in 2023, as it reported 14.70% more revenue in Q1 and 7.80% more revenue than estimated in Q2 2023. The estimated revenue for Q2 was $1.73 Billion.&nbsp;</p> 
<p>The reported EPS of the company was 21.63% greater than the estimated EPS, and the company is expected to report a positive $0.07 in EPS in Q3 2023.&nbsp;The company reported $3.73 Billion in revenue in 2022, from which its net income was negative $364.58 Million and profit margin was negative 9.76%.&nbsp;</p> 
<p>TradingView data states that 2.161 Billion NU shares are free-floating, and the remaining 1.491 Billion shares are closely held. Nu Holdings Ltd. is a holding company that engages in the provision of digital banking services.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Level: $7.36 &amp; $7.10&nbsp;</p> 
<p>Resistance Level: $7.99 &amp; $8.29</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>NU’s stock price surged 8% in a week and 11.44% in the past month; however, its price declined approximately 3.55% in a quarter. As per market analysts, bullishness is expected in the coming days, NU stock may register a new 52-week high.&nbsp;</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any people named in this article are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

NU Stock Rose 8%; is Path Towards New 52-Weeks High Clear?

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