StoneCo Ltd (NASDAQ:STNE) finished Friday with an addition of $0.03 to close at $10.67, an upside of 0.28 percent. An average of 3,539,920 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 14 times over the past 12 months. The last 20 days have seen an average of 3,378,850 shares traded, while the 50-day average volume stands at 4,417,970.
STNE stock has decreased by -12.90% in the last month. The company shares reached their 1-month lowest point of $10.09 on 09/27/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $8.09 and a high of $14.83 in 52 weeks. It has reached a new high 22 times so far this year and achieved 13.03% or $1.23 in price. In spite of this, the price is down -28.05% from the 52-week high.
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Valuation Metrics
StoneCo Ltd (STNE) has a trailing price-to-earnings (P/E) ratio of 22.12. The stock’s beta is 2.24. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.42, the price-to-book (PB) ratio at 1.18, and the price-to-cash flow ratio at 10.95.
Financial Health
The quick ratio of StoneCo Ltd for the three months ended June 29 was 1.27, and the current ratio was 1.27, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.18 and a total debt to equity ratio of 0.32 for the quarter ending June 29. Its gross profit as reported stood at $1.34 billion compared to revenue of $1.86 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$98.69 million in the quarter, while revenues were shrunk -161.6%. The analyst consensus anticipated StoneCo Ltd’s latest quarter earnings to come in at $0.17 per share, but it turned out to be $0.19, a 11.80% surprise. For the quarter, EBITDA amounted to $349.18 million.
Technical Picture
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 September was 39.22%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.06%.
As of today, STNE’s price is $10.48 +0.28% or $0.03 from its 5-day moving average. STNE is currently trading -12.97% lower than its 20-day SMA and -22.74% lower than its 100-day SMA. However, the stock’s current price level is -14.23% below the SMA50 and +12.32% above the SMA200.
The stochastic %K and %D were 25.40% and 16.74%, respectively, and the average true range (ATR) was 0.43. With the 14-day stochastic at 34.52% and the average true range at 0.45, the RSI (14) stands at 37.54%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.38.
Analyst Ratings
UBS upgraded StoneCo Ltd (NASDAQ: STNE) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for StoneCo Ltd (STNE) among analysts is Overweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell STNE, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 7 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 $43.20 and $106.64, with a median target of $72.79. Taking a look at these predictions, the average price target given by analysts for StoneCo Ltd (STNE) stock is $73.91.
