StoneCo Ltd (NASDAQ:STNE) shares, rose in value, with the stock price down by -5.22% to the previous day’s close as strong demand from buyers drove the stock to $11.70.
Actively observing the price movement in the recent trading, the stock is buoying the session at $12.35, falling within a range of $11.645 and $12.2699. The value of beta (5-year monthly) is 2.304 whereas the PE ratio is 10.10 over 12-month period. Referring to stock’s 52-week performance, its high was $19.46, and the low was $9.34. On the whole, STNE has fluctuated by -17.74% over the past month.
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With the market capitalization of StoneCo Ltd currently standing at about $3.59 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-08.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.43B, with a low estimate of 605.78M and a high estimate of 629.02M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 620.95M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STNE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.53, with the price of STNE currently trading nearly -6.77% and -10.05% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.57, while the 7-day volatility ratio is showing 2.66% which for the 30-day chart, stands at 4.02%. Furthermore, StoneCo Ltd (STNE)’s beta value is 2.30, and its average true range (ATR) is 0.52.
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 -5.22% in today’s session so far, and over the past year, it grew by 8.88%%.
Data on historical trading for StoneCo Ltd (NASDAQ:STNE) indicates that the trading volumes over the past 10 days have averaged 3.72 and over the past 3 months, they’ve averaged 5.71 million. According to company’s latest data on outstanding shares, there are 290.19 million shares outstanding.
Nearly 16.29% of StoneCo Ltd’s shares belong to company insiders and institutional investors own 64.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 12.26 million shares as on 2024-08-30, resulting in a short ratio of 1.74. According to the data, the short interest in StoneCo Ltd (STNE) stood at 436.00 of shares outstanding as of 2024-08-30; the number of short shares registered in 2024-07-31 reached 14.04 million. The stock has fallen by -35.08% 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.