There is no way StoneCo Ltd (STNE) can keep these numbers up

With 10.93 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.85 shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $19.46 whereas the lowest price it dropped to was $17.87. The 52-week range on STNE shows that it touched its highest point at $18.87 and its lowest point at $8.09 during that stretch. It currently has a 1-year price target of $17.97. Beta for the stock currently stands at 2.39.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of STNE was down-trending over the past week, with a drop of -0.55%, but this was up by 6.40% over a month. Three-month performance surged to 74.64% while six-month performance rose 32.38%. The stock gained 78.42% in the past year, while it has gained 0.44% so far this year. A look at the trailing 12-month EPS for STNE yields 0.62 with Next year EPS estimates of 1.25. For the next quarter, that number is 0.30. This implies an EPS growth rate of 164.34% for this year and 37.50% for next year. EPS is expected to grow by 68.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -21.78%.

Float and Shares Shorts:

At present, 293.89 million STNE shares are outstanding with a float of 248.34 million shares on hand for trading. On Jan 31, 2024, short shares totaled 13.36 million, which was 4.25% higher than short shares on Dec 29, 2023. In addition to Mr. Pedro Zinner as the firm’s Chief Executive Officer, Mr. Mateus Scherer Schwening serves as its CFO & Investor Relations Officer.

Institutional Ownership:

Through their ownership of 69.86% of STNE’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for STNE since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With STNE analysts setting a high price target of $111.90 and a low target of $43.80, the average target price over the next 12 months is $89.06. Based on these targets, STNE could surge 517.89% to reach the target high and rise by 141.86% to reach the target low. Reaching the average price target will result in a growth of 391.77% from current levels.