StoneCo Ltd (NASDAQ:STNE) price closed higher on current market day and jumping 4.68% above its previous close.
A look at the daily price movement shows that the last close reads $13.25. Taking into account the 52-week price action we note that the stock hit a 52-week high of $15.08 and 52-week low of $7.72. The stock added 1.61% on its value in the past month.
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, 9 analysts have assigned STNE a recommendation rating as follows: 2 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 0 recommending Sell. In general, analysts have rated the stock Buy, a scenario likely to bolster investors out for an opportunity to add to their holdings of the company’s shares.
The overview shows that STNE’s price is at present 2.20% off the SMA20 and 7.72% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 56.40, with weekly volatility standing at 3.15%. The indicator jumps to 2.61% when calculated based on the past 30 days. StoneCo Ltd (NASDAQ:STNE)’s beta value is holding at 1.92, while the average true range (ATR) indicator is currently reading 0.58. Considering analysts have assigned the stock a price target range of $5.7-$12 as the low and high respectively, we find the trailing 12-month average consensus price target to be $8.85. Based on this estimate, we see that current price is roughly 58.9% off the estimated low and 13.48% off the forecast high. Investors will no doubt be excited to see the share price rise to $8.85, which is the median consensus price, and at that level STNE would be 36.19% from current price.
Current records show that the company has 254.62M in outstanding shares. The insiders’ percentage holdings are 8.35% of outstanding shares while the percentage share held by institutions stands at 75.31%. But the 74.03% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
