Is StoneCo Ltd (NASDAQ: STNE) Back In The Buying Zone?

Currently, there are 293.89M common shares owned by the public and among those 248.34M shares have been available to trade.

However, the script later moved the day high at 19.46, down -0.28%. The company’s stock has a 5-day price change of -0.55% and 74.64% over the past three months. STNE shares are trading 0.44% year to date (YTD), with the 12-month market performance up to 78.42% higher. It has a 12-month low price of $8.09 and touched a high of $18.87 over the same period. STNE has an average intraday trading volume of 1.85 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 2.71%, 5.39%, and 34.62% respectively.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Institutional ownership of StoneCo Ltd (NASDAQ: STNE) shares accounts for 68.30% of the company’s 293.89M shares outstanding.

It has a market capitalization of $5.43B and a beta (3y monthly) value of 2.39. The stock’s trailing 12-month PE ratio is 29.24, while the earnings-per-share (ttm) stands at $0.62. The company has a PEG of 0.43 and a Quick Ratio of 1.27 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.50% over the week and 4.42% over the month.

Analysts forecast that StoneCo Ltd (STNE) will achieve an EPS of $0.3 for the current quarter, $0.27 for the next quarter and $1.22 for 2024. The lowest estimate earnings-per-share for the quarter is $0.24 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 164.34%, and 37.50% over the next financial year. EPS should grow at an annualized rate of 68.10% over the next five years, compared to -21.78% over the past 5-year period.

Looking at the support for the STNE, a number of firms have released research notes about the stock. UBS stated their Neutral rating for the stock in a research note on February 01, 2024, with the firm’s price target at $18-$21.

Most Popular

Related Posts