StoneCo Ltd (NASDAQ:STNE) shares, rose in value, with the stock price down by -0.12% to the previous day’s close as strong demand from buyers drove the stock to $16.83.
Actively observing the price movement in the last trading, the stock closed the session at $16.85. The value of beta (5-year monthly) was 2.37 whereas the PE ratio was 18.02 over 12-month period. Referring to stock’s 52-week performance, its high was $19.46, and the low was $8.73. On the whole, STNE has fluctuated by 2.68% over the past month.
With the market capitalization of StoneCo Ltd currently standing at about $5.20 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 15, 2024 – May 20, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.3, which is expected to increase to $0.35 for fiscal year $1.35 and then to about $1.63 by fiscal year 2025. Data indicates that the EPS growth is expected to be 40.60% in 2025, while the next year’s EPS growth is forecast to be 20.70%.
Analysts have estimated the company’s revenue for the quarter at $612 million, with a low estimate of $597.25 million and a high estimate of $625 million. According to the average forecast, sales growth in current quarter could jump up 8.10%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.63 billion, representing an increase of 10.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were 2 upward and no downward review(s) in last seven days. We see that STNE’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.24, with the price of STNE currently trading nearly 0.61% and -1.45% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 51.34, while the 7-day volatility ratio is showing 3.92% which for the 30-day chart, stands at 3.92%. Furthermore, StoneCo Ltd (STNE)’s beta value is 2.39, and its average true range (ATR) is 0.70.
A comparison of StoneCo Ltd (STNE) with its peers suggests the former has fared considerably weaker in the market. STNE showed an intraday change of -0.12% in last session, and over the past year, it grew by 88.04%%.
Data on historical trading for StoneCo Ltd (NASDAQ:STNE) indicates that the trading volumes over the past 10 days have averaged 5.64 million and over the past 3 months, they’ve averaged 5.37 million. According to company’s latest data on outstanding shares, there are 290.19 million shares outstanding.
Nearly 16.98% of StoneCo Ltd’s shares belong to company insiders and institutional investors own 66.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.15 million shares as on Mar 15, 2024, resulting in a short ratio of 3.26. According to the data, the short interest in StoneCo Ltd (STNE) stood at 4.26% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 11.4 million. The stock has fallen by -6.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STNE stock heading into the next quarter.
