StoneCo Ltd (NASDAQ:STNE) shares traded -7.69% lower at $8.04 on Wall Street last session.
STNE stock price is now -22.31% away from the 50-day moving average and -38.51% away from the 200-day moving average. The market capitalization of the company currently stands at $2.40B.
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With the price target reduced from $16.50 to $7, Morgan Stanley Downgraded its rating from Equal-Weight to Underweight for StoneCo Ltd (NASDAQ: STNE). On July 08, 2024, UBS Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock reducing its target price from $21 to quote $17, while ‘JP Morgan’ rates the stock as ‘Overweight’
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 $8.64 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 $8088630784, which is based on a 6.57 price-to-earnings ratio, a 0.30 price-to-earnings-growth ratio, and a beta of 2.22. The fifty day moving average price for STNE is $10.4106 and a two-hundred day moving average price translates $13.1141 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.
