StoneCo Ltd. [STNE] Is Currently -3.19 below its 200 Period Moving Avg: What Does This Mean?


StoneCo Ltd. [NASDAQ: STNE] traded at a low on 06/01/22, posting a -3.19 loss after which it closed the day’ session at $9.72. The company report on June 1, 2022 that StoneCo Ltd.: Additional Governance Enhancements – reduction in voting power concentration.

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StoneCo Ltd. (Nasdaq: STNE) (“Stone” or the “Company”), a leading provider of financial services and software solutions for merchants in Brazil, today announced that it will submit to the Brazilian Central Bank a technical requirement of change of control.

Following a series of Governance enhancements, the departure of our Co-Founder Eduardo Pontes from the Company’s Board of Directors and his desire to convert his interests in Class B super-voting shares (which are currently held indirectly through holding companies) into Class A shares directly owned by his family vehicles, Stone Pagamentos S.A. and Stone Sociedade de Crédito Direto S.A., subsidiaries of the Company, will submit to the Brazilian Central Bank a technical requirement of change of control.

The results of the trading session contributed to over 7291193 shares changing hands. Over the past one week, the price volatility of StoneCo Ltd. stands at 6.49% while the volatility over the past one month is 8.98%.

The market cap for STNE stock reached $2.86 billion, with 308.93 million shares outstanding and 243.48 million shares in the current float. Compared to the average trading volume of 9.22M shares, STNE reached a trading volume of 7291193 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about StoneCo Ltd. [STNE]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for STNE shares is $17.24 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on STNE stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Cantor Fitzgerald have made an estimate for StoneCo Ltd. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 08, 2022. The new note on the price target was released on March 18, 2022, representing the official price target for StoneCo Ltd. stock. Previously, the target price had yet another drop from $30 to $14, while Evercore ISI kept a In-line rating on STNE stock. On January 31, 2022, analysts decreased their price target for STNE shares from 60 to 16.

The Average True Range (ATR) for StoneCo Ltd. is set at 0.74, with the Price to Sales ratio for STNE stock in the period of the last 12 months amounting to 2.23. The Price to Book ratio for the last quarter was 1.06, with the Price to Cash per share for the same quarter was set at 4.62. Price to Free Cash Flow for STNE in the course of the last twelve months was 5.41 with Quick ratio for the last quarter at 1.30.

How has STNE stock performed recently?

StoneCo Ltd. [STNE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.64. With this latest performance, STNE shares dropped by -1.72% in over the last four-week period, additionally sinking by -37.69% over the last 6 months – not to mention a drop of -85.29% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for STNE stock in for the last two-week period is set at 52.27, with the RSI for the last a single of trading hit 55.13, and the three-weeks RSI is set at 49.87 for StoneCo Ltd. [STNE]. The present Moving Average for the last 50 days of trading for this stock 10.26, while it was recorded at 9.84 for the last single week of trading, and 21.32 for the last 200 days.

StoneCo Ltd. [STNE]: Deeper insight into the fundamentals

StoneCo Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.30 and a Current Ratio set at 1.30.

Earnings analysis for StoneCo Ltd. [STNE]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for STNE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for StoneCo Ltd. go to 4.11%.

Insider trade positions for StoneCo Ltd. [STNE]

There are presently around $1,845 million, or 67.10% of STNE stock, in the hands of institutional investors. The top three institutional holders of STNE stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 13,262,194, which is approximately -64.302% of the company’s market cap and around 12.74% of the total institutional ownership; BERKSHIRE HATHAWAY INC, holding 10,695,448 shares of the stock with an approximate value of $107.38 million in STNE stocks shares; and NIKKO ASSET MANAGEMENT AMERICAS, INC., currently with $94.02 million in STNE stock with ownership of nearly 0.192% of the company’s market capitalization.

177 institutional holders increased their position in StoneCo Ltd. [NASDAQ:STNE] by around 60,703,501 shares. Additionally, 140 investors decreased positions by around 56,850,227 shares, while 28 investors held positions by with 66,165,415 shares. The mentioned changes placed institutional holdings at 183,719,143 shares, according to the latest SEC report filing. STNE stock had 73 new institutional investments in for a total of 24,731,323 shares, while 63 institutional investors sold positions of 11,262,593 shares during the same period.