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StoneCo Ltd. (NASDAQ: STNE): Can A Stock That’s Down -34.34% YTD Still Be Considered In Loss Territory?

During the last session, StoneCo Ltd. (NASDAQ:STNE)’s traded shares were 7.96 million, with the beta value of the company hitting 2.40. At the end of the trading day, the stock’s price was $11.07, reflecting an intraday gain of 5.43% or $0.57. The 52-week high for the STNE share is $58.82, that puts it down -431.35 from that peak though still a striking 38.48% gain since the share price plummeted to a 52-week low of $6.81. The company’s market capitalization is $3.52B, and the average intraday trading volume over the past 10 days was 5.18 million shares, and the average trade volume was 8.59 million shares over the past three months.

StoneCo Ltd. (STNE) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.70. STNE has a Sell rating from 1 analyst(s) out of 19 analysts who have looked at this stock. 12 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.02.

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StoneCo Ltd. (NASDAQ:STNE) trade information

StoneCo Ltd. (STNE) registered a 5.43% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.43% in intraday trading to $11.07 this Thursday, 08/04/22, hitting a weekly high. The stock’s 5-day price performance is 14.60%, and it has moved by 34.84% in 30 days. Based on these gigs, the overall price performance for the year is -80.46%. The short interest in StoneCo Ltd. (NASDAQ:STNE) is 23.06 million shares and it means that shorts have 2.62 day(s) to cover.

The consensus price target of analysts on Wall Street is $66.59, which implies an increase of 83.38% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $30.84 and $105.72 respectively. As a result, STNE is trading at a discount of -855.01% off the target high and -178.59% off the low.

StoneCo Ltd. (STNE) estimates and forecasts

Statistics show that StoneCo Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. StoneCo Ltd. (STNE) shares have gone down -20.99% during the last six months, with a year-to-date growth rate more than the industry average at 116.67% against 3.20. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 125.00% this quarter and then drop -12.50% in the quarter after that. In the rating firms’ projections, revenue will increase 82.40% compared to the previous financial year.

Revenue for the current quarter is expected to be $418.08 million as predicted by 8 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $442.6 million by the end of Sep 2022. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $108.76 million and $263.83 million respectively. In this case, analysts expect current quarter sales to grow by 284.40% and then jump by 67.80% in the coming quarter.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -59.80%. While earnings are projected to return -251.30% in 2022, the next five years will return 4.11% per annum.

STNE Dividends

StoneCo Ltd. is due to release its next quarterly earnings between March 09 and March 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

StoneCo Ltd. (NASDAQ:STNE)’s Major holders

StoneCo Ltd. insiders own 12.74% of total outstanding shares while institutional holders control 67.28%, with the float percentage being 77.10%. Capital Research Global Investors is the largest shareholder of the company, while 408 institutions own stock in it. As of Mar 30, 2022, the company held over 13.26 million shares (or 4.98% of all shares), a total value of $155.17 million in shares.

The next largest institutional holding, with 10.7 million shares, is of Berkshire Hathaway, Inc’s that is approximately 4.01% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $125.14 million.

Also, the Mutual Funds coming in first place with the largest holdings of StoneCo Ltd. (STNE) shares are iShares Russell 2000 ETF and Fidelity Series Emerging Markets Opportunities Fund. Data provided on Jun 29, 2022 indicates that iShares Russell 2000 ETF owns about 6.3 million shares. This amounts to just over 2.36 percent of the company’s overall shares, with a $48.49 million market value. The same data shows that the other fund manager holds slightly less at 3.8 million, or about 1.43% of the stock, which is worth about $38.15 million.

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