StoneCo Ltd (STNE): A Great Stock For Handling Current Market Conditions?

Currently, there are 290.19M common shares owned by the public and among those 256.16M shares have been available to trade.

The company’s stock has a 5-day price change of -4.17% and -9.44% over the past three months. STNE shares are trading -38.82% year to date (YTD), with the 12-month market performance up to 0.82% higher. It has a 12-month low price of $10.20 and touched a high of $19.46 over the same period. STNE has an average intraday trading volume of 4.80 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.01%, -4.53%, and -22.33% respectively.

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Institutional ownership of StoneCo Ltd (NASDAQ: STNE) shares accounts for 65.86% of the company’s 290.19M shares outstanding.

It has a market capitalization of $3.29B and a beta (3y monthly) value of 2.28. The stock’s trailing 12-month PE ratio is 9.51, while the earnings-per-share (ttm) stands at $1.16. The company has a PEG of 0.43 and a Quick Ratio of 1.36 with the debt-to-equity ratio at 0.61. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.88% over the week and 2.95% over the month.

Earnings per share for the fiscal year are expected to increase by 37.38%, and 20.78% over the next financial year. EPS should shrink at an annualized rate of 22.00% over the next five years, compared to 23.53% over the past 5-year period.

Looking at the support for the STNE, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on September 05, 2024, with the firm’s price target at $16.50-$7. UBS coverage for the StoneCo Ltd (STNE) stock in a research note released on July 08, 2024 offered a Buy rating with a price target of $17. JP Morgan was of a view on June 06, 2024 that the stock is Overweight, while UBS gave the stock Neutral rating on February 01, 2024, issuing a price target of $18- $21. Goldman on their part issued Buy rating on January 22, 2024.

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