Is StoneCo Ltd (NASDAQ:STNE), -5.85% Away From High, Poised For A Strong Comeback?

In recent trading session, StoneCo Ltd (NASDAQ:STNE) saw 2.82 million shares changing hands at last check today with its beta currently measuring 2.33. Company’s recent per share price level of $14.01 trading at $0.33 or 2.41% at last check today assigns it a market valuation of $4.20B. That most recent trading price of STNE’s stock is at a discount of -5.85% from its 52-week high price of $14.83 and is indicating a premium of 42.26% from its 52-week low price of $8.09. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.94 million shares which gives us an average trading volume of 5.14 million if we extend that period to 3-months.

For StoneCo Ltd (STNE), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.29. Splitting up the data highlights that, out of 17 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 7 suggested the stock as a Hold whereas 8 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.29 in the current quarter.

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StoneCo Ltd (NASDAQ:STNE) trade information

Upright in the green today for gaining 2.41%, in the last five days STNE remained trading in the green while hitting it’s week-highest on Thursday, 11/16/23 when the stock touched $14.01 price level, adding 1.48% to its value on the day. StoneCo Ltd’s shares saw a change of 48.41% in year-to-date performance and have moved 30.69% in past 5-day. StoneCo Ltd (NASDAQ:STNE) showed a performance of 38.44% in past 30-days. Number of shares sold short was 13.7 million shares which calculate 3.05 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $76.13 to the stock, which implies a rise of 81.6% to its recent value today. Analysts have been projecting $43.79 as a low price target for the stock while placing it at a high target of $111.90. It follows that stock’s current price would drop -698.72% in reaching the projected high whereas dropping to the targeted low would mean a loss of -212.56% for stock’s current value.

StoneCo Ltd (STNE) estimates and forecasts

Statistics highlight that StoneCo Ltd is scoring comparatively higher than the scores of other players of the relevant industry. The company added 4.87% of value to its shares in past 6 months, showing an annual growth rate of 142.42% while that of industry is 18.50. Apart from that, the company came raising its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 93.30% in the current quarter and calculating 80.00% increase in the next quarter. This year revenue growth is estimated to rise 27.00% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $697.67 million for the same. And 4 analysts are in estimates of company making revenue of $652.59 million in the next quarter that will end on Mar 2024. Company posted $549.66 million and $565.99 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 26.90% while estimating it to be 15.30% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -21.78% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 153.94% while estimates for its earnings growth in next 5 years are of 47.85%.

STNE Dividends

StoneCo Ltd is more likely to be releasing its next quarterly report on November 10 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

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