StoneCo Ltd (NASDAQ:STNE) shares traded -5.21% lower at $12.91 on Wall Street last session.
STNE stock price is now -5.23% away from the 50-day moving average and -13.03% away from the 200-day moving average. The market capitalization of the company currently stands at $3.99B.
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With the price target reduced from $21 to $17, UBS Upgraded its rating from Neutral to Buy for StoneCo Ltd (NASDAQ: STNE). On June 06, 2024, JP Morgan Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $20, while ‘UBS’ rates the stock as ‘Neutral’
A total of 16.50% of the company’s stock is owned by insiders.
During the past 12 months, StoneCo Ltd has had a low of $9.34 and a high of $19.46. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.36, and a quick ratio of 1.36. According to the stock market information, the enterprise value for the company is $6875053056, which is based on a 12.44 price-to-earnings ratio, a 0.39 price-to-earnings-growth ratio, and a beta of 2.33. The fifty day moving average price for STNE is $13.5454 and a two-hundred day moving average price translates $14.8552 for the stock.
The latest earnings results from StoneCo Ltd (NASDAQ: STNE) was released for 2024-03-31. The net profit margin was 33.66% and return on equity was 12.54% for STNE. The company reported revenue of $622.84 million for the quarter, compared to $521.99 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 19.32 percent.
