In yesterday’s Wall Street session, StoneCo Ltd (NASDAQ:STNE) shares traded at $10.40, up 2.36% from the previous session.
As we calculate the median target price by taking the range between a high of $106.64 and a low of $51.85, we find $66.22. Given the previous closing price of $10.16, this indicates a potential upside of 551.77 percent. STNE stock price is now -3.69% away from the 50-day moving average and -8.71% away from the 200-day moving average. The market capitalization of the company currently stands at $3.12B.
Brokers who have rated the stock have averaged $73.72 as their price target over the next twelve months.
With the price target enhanced from $14 to $18, UBS Upgraded its rating from Neutral to Buy for StoneCo Ltd (NASDAQ: STNE).
A total of 17.21% of the company’s stock is owned by insiders.
Thursday morning saw StoneCo Ltd (NASDAQ: STNE) opened at $10.23. During the past 12 months, StoneCo Ltd has had a low of $8.09 and a high of $14.83. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 1.27, and a quick ratio of 1.27. According to the stock market information, the enterprise value for the company is $2.19B, which is based on a 21.56 price-to-earnings ratio, a 0.45 price-to-earnings-growth ratio, and a beta of 2.25. The fifty day moving average price for STNE is $10.76 and a two-hundred day moving average price translates $11.40 for the stock.
The latest earnings results from StoneCo Ltd (NASDAQ: STNE) was released for Jun, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.19, beating analysts’ expectations of $0.17 by 0.02. This compares to -$0.32 EPS in the same period last year. The net profit margin was 16.98% and return on equity was 6.06% for STNE. The company reported revenue of $596.87 million for the quarter, compared to $468.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 27.48 percent. For the current quarter, analysts expect STNE to generate $610.17M in revenue.
StoneCo Ltd(STNE) Company Profile
StoneCo Ltd. provides financial technology and software solutions to merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and sells solutions to brick-and-mortar and digital merchants through sales team. The company served approximately 2.6 million clients primarily small-and-medium-sized businesses; and marketplaces, e-commerce platforms, and integrated software vendors. StoneCo Ltd. was founded in 2000 and is headquartered in George Town, the Cayman Islands.
