StoneCo Ltd (NASDAQ:STNE) does about 5.43M shares in volume on a normal day but saw 5120811 shares change hands in the recent trading day. The company now has a market cap of 4.59B USD. Its current market price is $14.87, marking an increase of 2.98% compared to the previous close of $14.44. The 52 week high reached by this stock is $19.46 whilst the lowest price level in 52 weeks is $9.34. The script in recent trading has seen the stock touch a high of $82 and a low of $10.
StoneCo Ltd (STNE) has a 20-day trading average at $13.18 and the current price is -23.59% off the 52-week high compared with 59.29% distance from its 52-week low. The 50-day simple moving average of the closing price is $12.82 and its 200-day simple moving average is $15.21. If we look at the stock’s price movements over the week, volatility stands at 4.17%, which decreases to 4.04% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 70.26 to suggest the stock is overbought.
The consensus objective for the share price is $17.78, suggesting that the stock has a potential upside of 16.37% over the period. The median price target is 12.53% away from the current levels at $17.
7 analysts have rated it as a buy and 2 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on July 08, 2024 when UBS upgraded the stock to “Buy” and issued a price target of between $21 and $17. JP Morgan also upgraded the stock to “Overweight” from Neutral on June 06, 2024 at a price target of $20. UBS downgraded its price target at $18-$21.
StoneCo Ltd (STNE) stock is up 15.63% over the week and 14.83% over the past month. Its price is -17.53% year-to-date and 20.60% over the past year.
The company’s next earnings report forecasts estimating quarterly EPS at 0.33 and 1.23 for whole year. Expected sales for next quarter are $656.68M, which analysts say will come at $2.42B for the current fiscal year and next year at $2.74B. In addition, estimates put the company’s current quarterly revenue at an average of $614.71M.
Its 12-month price target is $17. To reach the target analysts have set, the stock logically needs to grow 16.37 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $10, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $82.
Outstanding shares total 290.19M with insiders holding 4.48% of the shares and institutional holders owning 69.09% of the company’s common stock. The company has a return on investment of 10.01% and return on equity of 13.85%. The price to earnings ratio (P/E ratio) amounts to 12.83 while the forward price to earnings ratio is 10.02. The beta has a value of 2.31. Price to book ratio is 1.67 and price to sales ratio is 4.48.
