StoneCo Ltd (NASDAQ:STNE) shares, rose in value, with the stock price up by 4.08% to the previous day’s close as strong demand from buyers drove the stock to $13.77.
Actively observing the price movement in the recent trading, the stock is buoying the session at $13.23. Referring to stock’s 52-week performance, its high was $17.02, and the low was $7.72. On the whole, STNE has fluctuated by 32.02% over the past month.
With the market capitalization of StoneCo Ltd currently standing at about $3.74 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 15.69B, with a low estimate of 3.57B and a high estimate of 3.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 3.64B.
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% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the price of STNE currently trading nearly 6.18% and 21.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 65.51, while the 7-day volatility ratio is showing 3.03% which for the 30-day chart, stands at 4.35%. Furthermore, StoneCo Ltd (STNE)’s beta value is 1.98, 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 4.08% in today’s session so far, and over the past year, it shrunk by -18.04%%.
Data on historical trading for StoneCo Ltd (NASDAQ:STNE) indicates that the trading volumes over the past 3 months, they’ve averaged 6.82 million. According to company’s latest data on outstanding shares, there are 269.09 million shares outstanding.
Nearly 16.83% of StoneCo Ltd’s shares belong to company insiders and institutional investors own 75.23% of the company’s shares. The stock has risen by 72.77% 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.
