StoneCo Ltd. (NASDAQ:STNE) price is hovering lower on Tuesday, September 19, dropping -2.77% below its previous close.
A look at today’s price movement shows that the recent level at last check reads $11.39, with intraday deals fluctuating between $11.28 and $11.56. The company’s 5Y monthly beta was ticking 2.23 while its P/E ratio in the trailing 12-month period read 21.80. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.83 and 52-week low of $8.09. The stock subtracted -10.11% on its value in the past month.
StoneCo Ltd., which has a market valuation of $3.54 billion, is expected to release its quarterly earnings report Nov 15, 2023 – Nov 20, 2023. Analysts tracking STNE have forecast the quarterly EPS to grow by 0.22 per share this quarter, while the same analysts predict the annual EPS to hit $0.82 for the year 2023 and up to $0.99 for 2024. In this case, analysts estimate an annual EPS growth of 134.30% for the year and 20.70% for the next year.
On average, analysts have forecast the company’s revenue for the quarter will hit $635.72 million, with the likely lows of $632.82 million and highs of $637.78 million. The average estimate suggests sales growth for the quarter will likely rise by 29.30% when compared to those recorded in the same quarter in the last financial year. Staying with the analyst view, there is a consensus estimate of $2.45 billion for the company’s annual revenue in 2023. Per this projection, the revenue is forecast to grow 25.60% above that which the company brought in 2023.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give STNE a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a Hold, while an average of long term indicators are currently assigning the stock as 50% Sell.
Here is a look at the average analyst rating for the stock as represented on a scale of 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock is strong buy or strong sell respectively. Specifically, 17 analysts have assigned STNE a recommendation rating as follows: 8 rate it as a Hold; 7 advise Buy while 0 analyst(s) assign an Overweight rating. 0 analyst(s) have tagged the StoneCo Ltd. (STNE) stock as Underweight, with 2 recommending Sell. In general, analysts have rated the stock Overweight, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.46. The overview shows that STNE’s price is at present -7.44% off the SMA20 and -12.52% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.95, with weekly volatility standing at 3.01%. The indicator jumps to 3.70% when calculated based on the past 30 days. StoneCo Ltd. (NASDAQ:STNE)’s beta value is holding at 2.24, while the average true range (ATR) indicator is currently reading 0.47. Considering analysts have assigned the stock a price target range of $43.20-$109.68 as the low and high respectively, we find the trailing 12-month average consensus price target to be $74.39. Based on this estimate, we see that today’s price at last check is roughly -290.24% off the estimated low and -890.79% off the forecast high. Investors will no doubt be excited to see the share price fall to $72.79, which is the median consensus price, and at that level STNE would be -557.54% from recent price.
An analysis of the StoneCo Ltd. (NASDAQ:STNE) stock in terms of its daily trading volume indicates that the 3-month average is 4.60 million. However, this figure increases on the past 10-day timeline to an average of 3.07 million.
Current records show that the company has 313.07M in outstanding shares. The insiders’ percentage holdings are 5.70% of outstanding shares while the percentage share held by institutions stands at 68.60%. The stats also highlight that short interest as of Aug 30, 2023, stood at 15.57 million shares, which puts the short ratio at the time at 2.95. From this we can glean that short interest is 4.97% of company’s current outstanding shares. Notably, we see that shares short in August fall slightly given the previous month’s figure stood at 16.52 million. But the 17.32% upside, the stock’s price has registered year-to-date as of today’s value, will likely reignite investor interest given the prospect of it rallying even higher.