Stock Market Recap: StoneCo Ltd (STNE) Concludes at 10.48, a -9.58 Surge/Decline

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After finishing at $11.59 in the prior trading day, StoneCo Ltd (NASDAQ: STNE) closed at $10.48, down -9.58%. In other words, the price has decreased by -$9.58 from its previous closing price. On the day, 12.02 million shares were traded. STNE stock price reached its highest trading level at $11.48 during the session, while it also had its lowest trading level at $10.69.

Ratios:

Our goal is to gain a better understanding of STNE by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.42 and its Current Ratio is at 1.42. In the meantime, Its Debt-to-Equity ratio is 0.66 whereas as Long-Term Debt/Eq ratio is at 0.47.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on September 05, 2024, Downgraded its rating to Underweight and sets its target price to $7 from $16.50 previously.

On July 08, 2024, UBS Upgraded its rating to Buy which previously was Neutral and also lowered its target price recommendation from $21 to $17.

JP Morgan Upgraded its Neutral to Overweight on June 06, 2024, while the target price for the stock was maintained at $20.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, STNE now has a Market Capitalization of 3210464256 and an Enterprise Value of 1354467200. As of this moment, StoneCo’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.04, and their Forward P/E ratio for the next fiscal year is 7.45. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.17 while its Price-to-Book (P/B) ratio in mrq is 1.11. Its current Enterprise Value per Revenue stands at 0.108 whereas that against EBITDA is 0.213.

Stock Price History:

Over the past 52 weeks, STNE has reached a high of $19.46, while it has fallen to a 52-week low of $10.64. The 50-Day Moving Average of the stock is -7.55%, while the 200-Day Moving Average is calculated to be -25.18%.

Shares Statistics:

The stock has traded on average 4.79M shares per day over the past 3-months and 4138180 shares per day over the last 10 days, according to various share statistics. A total of 290.19M shares are outstanding, with a floating share count of 256.16M. Insiders hold about 16.38% of the company’s shares, while institutions hold 66.28% stake in the company. Shares short for STNE as of 1730332800 were 15419997 with a Short Ratio of 3.22, compared to 1727654400 on 18127957. Therefore, it implies a Short% of Shares Outstanding of 15419997 and a Short% of Float of 5.4899998.

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