StoneCo Ltd (NASDAQ:STNE) shares, rose in value, with the stock price up by 1.11% to the previous day’s close as strong demand from buyers drove the stock to $10.97.
Actively observing the price movement in the last trading, the stock closed the session at $10.85, falling within a range of $10.635 and $11.075. The value of beta (5-year monthly) was 2.296 whereas the PE ratio was 9.46 over 12-month period. Referring to stock’s 52-week performance, its high was $19.46, and the low was $9.34. On the whole, STNE has fluctuated by -7.97% over the past month.
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With the market capitalization of StoneCo Ltd currently standing at about $3.36 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-08.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that STNE’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.43, with the price of STNE currently trading nearly -4.00% and -11.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.28, while the 7-day volatility ratio is showing 2.92% which for the 30-day chart, stands at 3.32%. Furthermore, StoneCo Ltd (STNE)’s beta value is 2.29, and its average true range (ATR) is 0.43.
A comparison of StoneCo Ltd (STNE) with its peers suggests the former has fared considerably weaker in the market. STNE showed an intraday change of 1.11% in last session, and over the past year, it grew by 5.48%%.
Data on historical trading for StoneCo Ltd (NASDAQ:STNE) indicates that the trading volumes over the past 10 days have averaged 3.06 and over the past 3 months, they’ve averaged 5.40 million. According to company’s latest data on outstanding shares, there are 290.19 million shares outstanding.
Nearly 16.38% of StoneCo Ltd’s shares belong to company insiders and institutional investors own 65.02% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 18.13 million shares as on 2024-09-30, resulting in a short ratio of 2.8. According to the data, the short interest in StoneCo Ltd (STNE) stood at 645.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 12.26 million. The stock has fallen by -39.16% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the STNE stock heading into the next quarter.
