Stockchase Research Editor: Michael O'Reilly STNE is a fintech company providing e-commerce serves in Brazil, where 85% of all transactions are still conducted with cash. The company currently accounts for 51% of the countries current e-commerce business. Warren Buffet's Berkshire Hathaway owns a sizable piece of the company. The company just recently made a $1.1 billion acquisition of a retail management software company that can help extend its reach. We like the entry here, which is a retracement off the $55 highs. Annual sales growth is over 30%, with over 500,000 clients (up 74%). The recent share pullback might well be associated to a follow-on offering of 27 million shares at $47.50. We would trade this with a stop-loss at $45 -- an area of significant technical resistance that should now act as support. Yield 0%
Stockchase Research Editor: Michael O'Reilly STNE is a fintech company providing e-commerce serves in Brazil, where 85% of all transactions are still conducted with cash. The company currently accounts for 51% of the countries current e-commerce business. Warren Buffet's Berkshire Hathaway owns a sizable piece of the company. The company just recently made a $1.1 billion acquisition of a retail management software company that can help extend its reach. We like the entry here, which is a retracement off the $55 highs. Annual sales growth is over 30%, with over 500,000 clients (up 74%). The recent share pullback might well be associated to a follow-on offering of 27 million shares at $47.50. We would trade this with a stop-loss at $45 -- an area of significant technical resistance that should now act as support. Yield 0%
StoneCo Ltd. is a American stock, trading under the symbol STNE-Q on the NASDAQ (STNE). It is usually referred to as NASDAQ:STNE or STNE-Q
In the last year, 2 stock analysts published opinions about STNE-Q. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is PAST TOP PICK. Read the latest stock experts' ratings for StoneCo Ltd..
StoneCo Ltd. was recommended as a Top Pick by Stockchase Research on 2020-12-10. Read the latest stock experts ratings for StoneCo Ltd..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
2 stock analysts on Stockchase covered StoneCo Ltd. In the last year. It is a trending stock that is worth watching.
On 2021-01-15, StoneCo Ltd. (STNE-Q) stock closed at a price of $78.23.