StoneCo Ltd. (NASDAQ:STNE) finished Thursday with an addition of $0.33 to close at $9.50, an upside of 3.60 percent. An average of 3,850,980 shares of common stock have been traded in the last five days. There was a gain of $0.03 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 5,658,180 shares traded, while the 50-day average volume stands at 6,010,434.
STNE stock has decreased by -13.00% in the last month. The company shares reached their 1-month lowest point of $8.82 on 12/19/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $6.81 and a high of $19.66 in 52 weeks. It has reached a new high 1 time so far this year and lost -43.65% or -$7.36 in price. In spite of this, the price is down -51.68% from the 52-week high.
StoneCo Ltd. (STNE) stock’s beta is 2.17. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.47, the price-to-book (PB) ratio at 1.21, and the price-to-cash flow ratio at 29.44.
The quick ratio of StoneCo Ltd. for the three months ended June 29 was 1.30, and the current ratio was 1.30, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.27 and a total debt to equity ratio of 0.47 for the quarter ending June 29. Its gross profit as reported stood at $576.27 million compared to revenue of $893.84 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, StoneCo Ltd.’s return on assets was -3.40%.
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$258.17 million in the quarter, while revenues were grew 430.82%. The analyst consensus anticipated StoneCo Ltd.’s latest quarter earnings to come in at $0.02 per share, but it turned out to be $0.05, a 150.00% surprise. For the quarter, EBITDA amounted to $239.56 million.
From a technical analysis perspective, let’s take a brief look at StoneCo Ltd. (STNE) price momentum. RSI 9-day as of the close on 29 December was 46.87%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.21%.
As of today, STNE’s price is $9.33 +0.32% or $0.03 from its 5-day moving average. STNE is currently trading -18.66% lower than its 20-day SMA and -18.52% lower than its 100-day SMA. However, the stock’s current price level is -12.04% below the SMA50 and +15.01% above the SMA200.
The stochastic %K and %D were 27.02% and 24.65%, respectively, and the average true range (ATR) was 0.54. With the 14-day stochastic at 46.40% and the average true range at 0.60, the RSI (14) stands at 45.39%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.
Morgan Stanley downgraded StoneCo Ltd. (NASDAQ: STNE) to a an Equal-weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for StoneCo Ltd. (STNE) among analysts is Hold. According to current brokerage recommendations, 2 brokerage firms advise that investors sell STNE, while 13 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is STNE’s price target for the next 12 months?
Analysts predict a range of price targets between $31.12 and $89.37, with a median target of $64.60. Taking a look at these predictions, the average price target given by analysts for StoneCo Ltd. (STNE) stock is $65.15.