StoneCo Ltd [STNE] stock prices are up 1.77% to $17.26 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The STNE shares have gain 8.01% over the last week, with a monthly amount drifted -4.69%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, StoneCo Ltd. to Announce Fourth Quarter and Fiscal Year 2023 Financial Results on March 18th, 2024. In a post published today on Yahoo Finance, StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) (“Stone”) today announces that it will host a conference call to discuss its fourth quarter and fiscal year 2023 financial results on Monday, March 18th, 2024 at 5:00pm ET (6:00pm BRT). A press release with fourth quarter and fiscal year 2023 financial results will be issued after the market closes that same day.
From an analyst’s perspective:
StoneCo Ltd [NASDAQ: STNE] stock has seen the most recent analyst activity on February 01, 2024, when UBS downgraded its rating to a Neutral and also boosted its price target to $21 from $18. Previously, Goldman upgraded its rating to Buy on January 22, 2024, and elevated its price target to $21. On November 16, 2023, upgrade upgraded it’s rating to Buy. UBS upgraded its rating to a Buy and increased its price target to $18 on August 03, 2023. HSBC Securities upgraded its rating to a Buy and raised its price target to $15 on June 13, 2023. Barclays started tracking with a Equal Weight rating for this stock on May 11, 2023, and assigned it a price target of $13. In a note dated December 07, 2022, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $17 to $15.
The stock price of StoneCo Ltd [STNE] has been fluctuating between $8.09 and $19.46 over the past year. Currently, Wall Street analysts expect the stock to reach $26.67 within the next 12 months. StoneCo Ltd [NASDAQ: STNE] shares were valued at $17.26 at the most recent close of the market. An investor can expect a potential return of 54.52% based on the average STNE price forecast.
Analyzing the STNE fundamentals
The StoneCo Ltd [NASDAQ:STNE] reported sales of 998.16M for trailing twelve months, representing a surge of 29.61%. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at 0.47%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.09%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.33.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.92 points at the first support level, and at 16.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.53, and for the 2nd resistance point, it is at 17.81.
StoneCo Ltd [STNE] reported earnings per share of $0.27 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.23/share, meaning a difference of $0.04 and a surprise factor of 17.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.19 per share as compared to estimates of $0.17 per share, a difference of $0.02 representing a surprise of 11.80%.
Ratios To Look Out For
It’s worth pointing out that StoneCo Ltd [NASDAQ:STNE]’s Current Ratio is 1.27. In addition, the Quick Ratio stands at 1.27 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 5.19, the price to book ratio is 1.92 and price to earnings (TTM) ratio is 27.87.
