At the last check on Thursday, StoneCo Ltd.’s (NASDAQ:STNE) stock was down -$0.01, moving down -0.08 percent to $12.24. The average number of shares traded per day over the past five days has been 3,445,220 shares. 2 times new highs have been achieved over the past 5 days, with a $0.42 gain in that time frame. In the last twenty days, the average volume was 5,053,560, while in the previous 50 days, it was 4,860,266.
Since last month, STNE stock retreated -10.00%. Shares of the company fell to $11.59 on 08/25/23, the lowest level in the past month. A 52-week high of $14.83 was reached on 08/01/23 after having rallying from a 52-week low of $8.07. Since the beginning of this year, STNE’s stock price has risen by 29.66% or $2.81, and marked a new high 22 times. However, the stock has declined by -17.46% since its 52-week high.
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Valuation Metrics
Right now, StoneCo Ltd. (STNE) has a P/E ratio of about 24.19. The stock’s beta is 2.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.62, the price-to-book (PB) ratio of 1.36.
Financial Health
In the three months ended June 29, StoneCo Ltd.’s quick ratio stood at 1.30, while its current ratio was 1.30, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.18, and the total debt-to-equity ratio was 0.32. On the profitability front, the trailing twelve-month gross margin is 75.20% percent. In the year ended June 29, EBITDA margin amounted to -2.83%, whereas operating margins totaled 47.00%. Based on annual data, STNE earned $1.34 billion in gross profit and brought in $1.86 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 22.60%. Return on equity (ROE) for the past 12 months was 6.20%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected StoneCo Ltd. to report $0.18 quarterly earnings, the actual figure was $0.19 per share, beating the consensus estimate by 5.60%. During the quarter, the company generated $349.18 million in EBITDA. The liabilities of StoneCo Ltd. were 5.45 billion at the end of its most recent quarter ended June 29, and its total debt was $4.44 billion.
Technical Picture
This quick technical analysis looks at StoneCo Ltd.’s (STNE) price momentum. With a historical volatility rate of 54.54%, the RSI 9-day stood at 41.77% on 30 August.
With respect to its five-day moving average, the current StoneCo Ltd. price is up by +3.55% percent or $0.42. At present, STNE shares trade -11.42% below its 20-day simple moving average and +35.06% percent above its 100-day simple moving average. However, the stock is currently trading approximately -13.85% below its SMA50 and +10.86% above its SMA200.
Stochastic coefficient K was 31.12% and Stochastic coefficient D was 29.56%, while ATR was 0.61. Given the Stochastic reading of 25.78% for the 14-day period, the RSI (14) reading has been calculated as 43.20%. As of today, the MACD Oscillator reading stands at 0.14, while the 14-day reading stands at -0.13.
Analyst Ratings
UBS upgraded its rating on StoneCo Ltd. (NASDAQ: STNE) to a Buy in a note to investors on August 03, 2023. The analysts firm previously had a Neutral rating on the stock.StoneCo Ltd. (STNE) has been rated Overweight by analysts. According to 2 brokerage firms, STNE is a sell, and 10 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate StoneCo Ltd. stock as buy, with 7 recommending it as overweight.
With a median target price of $71.92, the current consensus forecast for the stock is $43.20 – $109.68. Based on these forecasts, analysts predict StoneCo Ltd. (STNE) will achieve an average price target of $74.26.
