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When Would Be The Best Time To Buy StoneCo Ltd. (NASDAQ: STNE) Stock?

StoneCo Ltd. (NASDAQ:STNE) traded at $10.15 at close of the session on Monday, 01/23/23, made an upward move of 4.00% on its previous day’s price.

Looking at the stock we see that its previous close was $9.76 and the beta (5Y monthly) reads 2.17 with the day’s price range being $9.72 – $10.40. In terms of its 52-week price range, STNE has a high of $16.28 and a low of $6.81. The company’s stock has gained about 9.61% over that past 30 days.

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StoneCo Ltd. has a market cap of $3.12 billion and is expected to release its quarterly earnings report on Mar 15, 2023 – Mar 20, 2023. Estimates by analysts give the company expected earnings per share (EPS) of $0.06, with the EPS growth for the year raised at $0.26 for 2022 and $0.51 for next year. These figures represent 85.70% and 96.20% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $455.8 million, with a low of $438.84 million and a high of $465.06 million. The median projection represents growth squeezing down to 72.80% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $1.75 billion, or 85.90% up from figures reported last year.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the STNE stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the StoneCo Ltd. (STNE) stock as a Hold, while 6 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 7.71% off its SMA20 and 0.95% from its 50-day simple moving average. The RSI (14) is pointing at 56.97 while the volatility over the past week is 5.70% and jumps to 5.66% over the past one month. The beta value is 2.17, while the average true range (ATR) is currently pointing at 0.56. The average price target for the stock over the next 12 months is $63.01, with the estimates having a low of $31.12 and a high of $89.37. These price ends are -206.6% and -780.49% off the current price level respectively, although investors could be excited at the prospect of a -511.03% if the STNE share price touches on the median price of $62.02.

Coming back to StoneCo Ltd. (NASDAQ:STNE), we note that the average 3-month trading volume was 5.64 million, while that of the preceding 10-day period stands at 3.56 million. Current shares outstanding are 312.40 million.

The insiders hold 10.66% of the company’s shares while institutions hold 68.60%. The data shows that short shares as of Oct 13, 2022, stood at 19.52 million at a short ratio of 2.95. This represents a 6.25% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 21.76 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 7.52% up in year-to-date price movement.

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