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StoneCo Ltd (NASDAQ: STNE) Investors To Make Big Returns Again

In the latest trading session, 1.93 million StoneCo Ltd (NASDAQ:STNE) shares changed hands as the company’s beta touched 2.38. With the company’s most recent per share price at $17.19 changed hands at -$0.36 or -2.02% at last look, the market valuation stands at $5.16B. STNE’s current price is a discount, trading about -13.21% off its 52-week high of $19.46. The share price had its 52-week low at $8.09, which suggests the last value was 52.94% up since then. When we look at StoneCo Ltd’s average trading volume, we note the 10-day average is 5.25 million shares, with the 3-month average coming to 1.67.

StoneCo Ltd (NASDAQ:STNE) trade information

Instantly STNE was in red as seen in intraday trades today. With action -4.05%, the performance over the past five days has been red. The drop to weekly highs of 19.46 subtracted -2.02% to the stock’s daily price. The company’s shares are showing year-to-date downside of -4.63%, with the 5-day performance at -4.05% in the red. However, in the 30-day time frame, StoneCo Ltd (NASDAQ:STNE) is 0.50% up. Looking at the short shares, we see there were 13.36 million shares sold at short interest cover period of 2.46 days.

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StoneCo Ltd (STNE) estimates and forecasts

Data shows that the StoneCo Ltd share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 28.03% over the past 6 months, a 166.67% in annual growth rate that is considerably higher than the industry average of 22.00%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for StoneCo Ltd will rise 100.00%, while the growth in revenue is estimated to hit 80.00% for the next quarter. Year-over-year growth is forecast to reach 26.10% up from the last financial year.

Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of $689.41 million. 4 analysts are of the opinion that StoneCo Ltd’s revenue for the quarter ending Mar 2024 will be $635.43 million. The company’s revenue for the corresponding quarters a year ago was $549.66 million and $565.99 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 25.40%. The estimates for the next quarter sales put growth at 12.30%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -21.78%. The 2024 estimates are for StoneCo Ltd earnings to increase by 163.62%, but the outlook for the next 5-year period is at 68.10% per year.

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