The trading price of StoneCo Ltd (NASDAQ:STNE) closed lower on current market day and closing at $9.28, -4.03% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $9.19 and $9.6. The company’s P/E ratio in the trailing 12-month period was 7.58, while its 5Y monthly beta was 2.29. In examining the 52-week price action we see that the stock hit a 52-week high of $19.46 and a 52-week low of $9.61. Over the past month, the stock has lost -15.79% in value.
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StoneCo Ltd, whose market valuation is $2.77 billion at the time of this writing, is expected to release its quarterly earnings report in December. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by 1.92 per share this quarter, however they have predicted annual earnings per share of 6.79 for current year and 8.12 for next year.
Analysts have forecast the company to bring in revenue of 3.58B for the current quarter, with the likely lows of 3.45B and highs of 3.71B. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 13.28B.
On the technical side, indicators suggest STNE has a 100% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned STNE a recommendation rating is 9. Out of them, 2 rate it a Hold, while 7 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged StoneCo Ltd (STNE) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0.34, which symbolizes a positive outlook. A quick review shows that STNE’s price is currently -15.33% off the SMA20 and -17.11% off the SMA50. The RSI metric on the 14-day chart is currently showing 25.93, and weekly volatility stands at 6.14%. When measured over the past 30 days, the indicator reaches 4.02%. StoneCo Ltd (NASDAQ:STNE)’s beta value is currently sitting at 2.26, while the Average True Range indicator is currently displaying 0.46. With analysts defining $10-$82 as the low and high price targets, we arrive at a consensus price target of $17 for the trailing 12-month period. The current price is about -7.76% off the estimated low and -783.62% off the forecast high, based on this estimate. Investors will be thrilled if STNE’s share price rises to $17, which is the median consensus price. At that level, STNE’s share price would be -83.19% below current price.
To see how StoneCo Ltd stock has been performing in comparison to its peers in the industry, here are the numbers: STNE stock’s performance was -4.03% in the latest trading, and -33.09% in the past year. StoneCo Ltd has a P/E ratio of 7.58.
An evaluation of the daily trading volume of StoneCo Ltd (NASDAQ:STNE) indicates that the 3-month average is 4.77 million. However, this figure has increased over the past 10 days to an average of 6.1.
Currently, records show that 290.19 million of the company’s shares remain outstanding. The insiders hold 16.38% of outstanding shares, whereas institutions hold 68.01%. The stats also highlight that short interest as of 2024-10-31, stood at 15.42 million shares, resulting in a short ratio of 5.93 at that time. From this, we can conclude that short interest is 549.00 of the company’s total outstanding shares. It is noteworthy that short shares in October were down slightly from the previous month’s figure, which was 18.13 million. However, since the stock’s price has seen -48.53% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
