In yesterday’s Wall Street session, StoneCo Ltd (NASDAQ:STNE) shares traded at $8.56, down -0.23% from the previous session.
STNE stock price is now -5.41% away from the 50-day moving average and -29.49% away from the 200-day moving average. The market capitalization of the company currently stands at $2.55B.
On September 05, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $16.50 to quote $7, while ‘UBS’ rates the stock as ‘Buy’
A total of 16.38% of the company’s stock is owned by insiders.
During the past 12 months, StoneCo Ltd has had a low of $7.72 and a high of $19.46. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.42, and a quick ratio of 1.42. According to the stock market information, the enterprise value for the company is $8242953728, which is based on a 6.99 price-to-earnings ratio, a 0.32 price-to-earnings-growth ratio, and a beta of 2.25. The fifty day moving average price for STNE is $9.1058 and a two-hundred day moving average price translates $12.1808 for the stock.
The latest earnings results from StoneCo Ltd (NASDAQ: STNE) was released for 2024-09-30. The net profit margin was 40.46% and return on equity was 14.20% for STNE. The company reported revenue of $605.31 million for the quarter, compared to $643.05 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -5.87 percent. For the current quarter, analysts expect STNE to generate $3.6B in revenue.
