In the latest trading session, 2.9 million StoneCo Ltd (NASDAQ:STNE) shares changed hands as the company’s beta touched 2.31. With the company’s most recent per share price at $14.35 changed hands at -$0.47 or -3.14% at last look, the market valuation stands at $4.44B. STNE’s current price is a discount, trading about -35.61% off its 52-week high of $19.46. The share price had its 52-week low at $9.34, which suggests the last value was 34.91% up since then. When we look at StoneCo Ltd’s average trading volume, we note the 10-day average is 6.11 million shares, with the 3-month average coming to 5.42 million.
Analysts gave the StoneCo Ltd (STNE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.84. If we narrow down to specifics, the data shows that 0 out of 9 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended STNE as a Hold, 7 felt it is a Buy and 0 rated the stock as Underweight. StoneCo Ltd’s EPS for the current quarter is expected to be 0.33.
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StoneCo Ltd (NASDAQ:STNE) trade information
Instantly STNE was in red as seen in intraday trades today. With action 7.53%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -20.38%, with the 5-day performance at 7.53% in the green. However, in the 30-day time frame, StoneCo Ltd (NASDAQ:STNE) is 5.71% up. Looking at the short shares, we see there were 14.04 million shares sold at short interest cover period of 3.12 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 15.59% from its recent market value. According to analyst projections, STNE’s forecast low is 10 with 82 as the target high. To hit the forecast high, the stock’s price needs a -471.43% plunge from its current level, while the stock would need to tank 30.31% for it to hit the projected low.
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 -11.55% over the past 6 months, a 215.46% in annual growth rate that is considerably higher than the industry average of 19.00%. Year-over-year growth is forecast to reach 7.10% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 622.24M. 4 analysts are of the opinion that StoneCo Ltd’s revenue for the current quarter will be 664.72M. The company’s revenue for the corresponding quarters a year ago was 638.45M and 617.61M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -2.50%. The estimates for the next quarter sales put growth at 7.60%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 23.53%. The 2024 estimates are for StoneCo Ltd earnings to increase by 37.43%, but the outlook for the next 5-year period is at 18.90% per year.
STNE Dividends
StoneCo Ltd is expected to release its next quarterly earnings report on 2024-Nov-08.
StoneCo Ltd (NASDAQ:STNE)’s Major holders
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 6.4206% or 19.85 million shares worth $237.97 million as of 2024-06-30.
