There Is Clear Momentum For StoneCo Ltd (NASDAQ: STNE)

StoneCo Ltd (STNE) concluded trading on Wednesday at a closing price of $17.19, with 5.59 million shares of worth about $96.08 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.34% during that period and on Wednesday, January 31 the price saw a loss of about -3.48%. Currently the company’s common shares owned by public are about 293.89M shares, out of which, 248.34M shares are available for trading.

However, the stock later moved at a day high price of 17.90, or with a loss of -3.48%. Stock saw a price change of -1.04% in past 5 days and over the past one month there was a price change of -4.66%. Year-to-date (YTD), STNE shares are showing a performance of -4.66% which increased to 54.45% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $8.09 but also hit the highest price of $18.87 during that period. The average intraday trading volume for StoneCo Ltd shares is 5.92 million. The stock is currently trading -1.01% below its 20-day simple moving average (SMA20), while that difference is up 3.21% for SMA50 and it goes to 29.89% higher than SMA200.

StoneCo Ltd (NASDAQ: STNE) currently have 293.89M outstanding shares and institutions hold larger chunk of about 70.25% of that.

The stock has a current market capitalization of $5.16B and its 3Y-monthly beta is at 2.42. PE ratio of stock for trailing 12 months is 27.75, while it has posted earnings per share of $0.62 in the same period. Its PEG reads 0.41 and has Quick Ratio of 1.27 while making debt-to-equity ratio of 0.33. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for STNE, volatility over the week remained 3.39% while standing at 4.06% over the month.

Analysts are in expectations that StoneCo Ltd (STNE) stock would likely to be making an EPS of $0.3 in the current quarter, while forecast for next quarter EPS is $0.27 and it is $1.19 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.24 which is $0.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.15 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 165.49% while it is estimated to increase by 36.60% in next year. EPS is likely to grow at an annualized rate of 68.10% for next 5-years, compared to annual growth of -21.78% made by the stock over the past 5-years.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Goldman on January 22, 2024 offering a Buy rating for the stock and assigned a target price range of between $12 and $21 to it.

Most Popular

Related Posts