Previous close | 4.3300 |
Open | 4.4400 |
Bid | 3.9000 x 45100 |
Ask | 3.9100 x 1800 |
Day's range | 3.8800 - 4.4699 |
52-week range | 3.3220 - 12.2400 |
Volume | |
Avg. volume | 17,962,461 |
Market cap | 17.956B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | -0.0660 |
Earnings date | 16 May 2022 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 9.21 |
Like many tech and fintech stocks this year, the Berkshire Hathaway-backed Brazilian digital bank Nu Holdings (NYSE: NU) has seen its stock price struggle and is down more than 61% this year. Nu is a major disruptor in the Latin American banking space, first offering a credit card with no annual fees and then building out a suite of banking products from there. Nu has amassed close to 60 million customers but in the past has gotten questions regarding its high valuation and path to sustainable profitability.
Shares of the Brazilian digital bank Nu Holdings (NYSE: NU) traded more than 13% higher at 9:40 a.m. ET today before giving up those gains and trading about 1% higher as of 10:26 a.m. The company reported earnings results for the first quarter of 2022 last night. Nu in the quarter also generated record revenue of $887 million, which smoked analyst estimates of only $624 million. Importantly, Nu continued to grow average monthly revenue per active user (ARPAC), which increased to $6.70 on average and to $19 for some of the bank's most mature cohorts.
With the business potentially at an important milestone, we thought we'd take a closer look at Nu Holdings Ltd.'s...