StoneCo Ltd. (NASDAQ:STNE) saw an upside of 4.74% to close Monday at $14.13 after adding $0.64 on the day. The 5-day average trading volume is 4,930,260 shares of the company’s common stock. It has gained $14.83 in the past week and touched a new high 1 time within the past 5 days. An average of 4,565,435 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,809,298.
STNE’s 1-month performance is 24.93% or $2.82 on its low of $11.08 reached on 07/10/23. The company’s shares have touched a 52-week low of $8.07 and high of $14.83, with the stock’s rally to the 52-week high happening on 08/01/23. YTD, STNE has achieved 49.68% or $4.69 and has reached a new high 22 times. However, the current price is down -4.72% from the 52-week high price.
Valuation Metrics
STNE stock has a beta of 2.22. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.11 while the price-to-book (PB) in the most recent quarter is 1.63.
StoneCo Ltd.’s quick ratio for the period ended March 30 was 1.30, with the current ratio over the same period at 1.30. As well, the company’s long term debt to equity for the quarter ending March 30 was 0.20, while the total debt to equity was 0.34. In terms of profitability, the gross margin trailing 12 months is 74.30%. The trailing 12-month EBITDA margin is -2.83% while for the period ending March 30, StoneCo Ltd.’s operating margin was 45.20%. The firm’s gross profit as reported stood at $1.34 billion against revenue of $1.86 billion.
Earnings Surprise
For the quarterly period ending March 30 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -161.6% to -$98.69 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected STNE to announce $0.14 per share in earnings in its latest quarter, but it posted $0.15, representing a 7.10% surprise. EBITDA for the quarter stood at more than $272.08 million. STNE stock balance sheet for the quarter ending March 30 shows that total liabilities totaled 5.22 billion, with total debt at $4.59 billion.
Let’s look briefly at StoneCo Ltd. (STNE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 60.21% to suggest the stock is trending Neutral, with historical volatility in this time period at 59.90%.
The stock’s 5-day moving average is $13.94, reflecting a -2.48% or -$0.36 change from its current price. STNE is currently trading +23.84% above its 20-day SMA, +55.45% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +11.61% and SMA200 by+30.83%.
Stochastic %K and %D was 63.81% and 64.21% and the average true range (ATR) pointed at 0.71. The RSI (14) points at 58.80%, while the 14-day stochastic is at 75.00% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at -0.04 and 0.31 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for StoneCo Ltd. (NASDAQ: STNE), UBS upgraded it to a Buy rating. They previously had a Neutral rating on the stock. Analysts offering their rating for STNE stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate STNE as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.
What is STNE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $43.20 and a high of $95.54, with their median price target at $73.16. Looking at these predictions, the average price target given by analysts is for StoneCo Ltd. (STNE) stock is $70.23.
