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StoneCo Ltd. (STNE-Q)
NASDAQ:STNE
12.96
0.15
(1.14%) 1d
Financials
Technical Analysis
$11.595
No
The Brazilian Paypal. In digital payments. In Brazil, they are still cash based but are making the transition. Their stock price retreated following covid cases flaring up and affecting business in Brazil. As Brazil emerges from covid, it should do well. (Analysts’ price target is $87.00)
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%
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StoneCo Ltd.(STNE-Q) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 1
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 2
StoneCo Ltd.(STNE-Q) Frequently Asked Questions
What is StoneCo Ltd. stock symbol?
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
Is StoneCo Ltd. a buy or a sell?
In the last year, 2 stock analysts published opinions about STNE-Q. 1 analyst recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for StoneCo Ltd..
Is StoneCo Ltd. a good investment or a top pick?
StoneCo Ltd. was recommended as a Top Pick by on . Read the latest stock experts ratings for StoneCo Ltd..
Why is StoneCo Ltd. stock dropping?
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.
Is StoneCo Ltd. worth watching?
2 stock analysts on Stockchase covered StoneCo Ltd. In the last year. It is a trending stock that is worth watching.
What is StoneCo Ltd. stock price?
On 2023-06-02, StoneCo Ltd. (STNE-Q) stock closed at a price of $12.96.
