Stocks of StoneCo Ltd (NASDAQ:STNE) traded higher last session on Wall Street, down -6.87% to $16.27.
STNE stock price is now -5.70% away from the 50-day moving average and 16.48% away from the 200-day moving average. The market capitalization of the company currently stands at $4.88B.
With the price target enhanced from $18 to $21, UBS Downgraded its rating from Buy to Neutral for StoneCo Ltd (NASDAQ: STNE). On January 22, 2024, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $12 to quote $21, while ‘BofA Securities’ rates the stock as ‘Buy’
A total of 17.14% of the company’s stock is owned by insiders.
During the past 12 months, StoneCo Ltd has had a low of $8.63 and a high of $19.46. As of last week, the company has a debt-to-equity ratio of 0.38, 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 $4.37B, which is based on a 17.42 price-to-earnings ratio, a 0.23 price-to-earnings-growth ratio, and a beta of 2.35. The fifty day moving average price for STNE is $17.25 and a two-hundred day moving average price translates $13.97 for the stock.
The latest earnings results from StoneCo Ltd (NASDAQ: STNE) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.35, beating analysts’ expectations of $0.3 by 0.05. This compares to $0.12 EPS in the same period last year. The net profit margin was 31.13% and return on equity was 11.76% for STNE. The company reported revenue of $643.05 million for the quarter, compared to $478.61 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 34.36 percent. For the current quarter, analysts expect STNE to generate $629.43M in revenue.
