StoneCo Ltd (NASDAQ:STNE)’s traded shares stood at 4.91 million during the last session, with the company’s beta value hitting 2.35. At the close of trading, the stock’s price was $16.72, to imply an increase of 0.48% or $0.08 in intraday trading. The STNE share’s 52-week high remains $19.46, putting it -16.39% down since that peak but still an impressive 47.79% since price per share fell to its 52-week low of $8.73. The company has a valuation of $5.17B, with an average of 7.31 million shares in intraday trading volume over the past 10 days and average of 5.20 million shares over the past 3 months.
StoneCo Ltd (NASDAQ:STNE) trade information
After registering a 0.48% upside in the last session, StoneCo Ltd (STNE) has traded red over the past five days. The stock hit a weekly high of 17.27, jumping 0.48% in its intraday price action. The 5-day price performance for the stock is -0.36%, and -3.74% over 30 days. With these gigs, the year-to-date price performance is -7.27%. Short interest in StoneCo Ltd (NASDAQ:STNE) saw shorts transact 10.3 million shares and set a 2.2 days time to cover.
StoneCo Ltd (STNE) estimates and forecasts
Looking at statistics comparing StoneCo Ltd share performance against respective industry, we note that the company has outperformed competitors. StoneCo Ltd (STNE) shares are 62.02% up over the last 6 months, with its year-to-date growth rate higher than industry average at 24.74% against 19.10%. Revenue is forecast to grow 100.00% this quarter before jumping 68.40% for the next one. The rating firms project that company’s revenue will grow 10.00% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is $620.16 million. Meanwhile, for the quarter ending Jun 2024, a total of 2 analyst(s) estimate revenue growth to $659.25 million.Earnings reports from the last fiscal year show that sales brought in $565.99 million and $564.09 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 9.60% before jumping 16.90% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 23.53% for the past 5-year period. While 2024 is set for a 34.83% return in earnings, projections for the next 5 years are at 76.60% annually.
STNE Dividends
StoneCo Ltd has its next earnings report out between May 15 and May 20. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. StoneCo Ltd has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
StoneCo Ltd (NASDAQ:STNE)’s Major holders
StoneCo Ltd insiders hold 4.51% of total outstanding shares, with institutional holders owning 73.50% of the shares at 76.97% float percentage. In total, 73.50% institutions holds shares in the company, led by Madrone Advisors, LLC. As of Jun 29, 2023, the company held over 25.34 million shares (or 9.51% of shares), all amounting to roughly $322.82 million.
The next major institution holding the largest number of shares is Blackrock Inc. with 19.26 million shares, or about 7.23% of shares outstanding. As of the market price on Jun 29, 2023, these shares were worth $245.35 million.
We also have iShares Russell 2000 ETF and Fidelity Series Emerging Markets Opportunities Fund as the top two Mutual Funds with the largest holdings of the StoneCo Ltd (STNE) shares. Going by data provided on Aug 30, 2023, iShares Russell 2000 ETF holds roughly 6.64 million shares. This is just over 2.49% of the total shares, with a market valuation of $81.35 million. Data from the same date shows that the other fund manager holds a little less at 5.62 million, or 2.11% of the shares, all valued at about 68.86 million.
