STNE Stock Summary and Trading Ideas (Stoneco Ltd. - Class A Common Share | NASDAQ:STNE)

StoneCo Ltd is a provider of financial technology solutions. It serves MSMBs great solutions, at fair prices, and provides the customer experience to help them manage their businesses and sell more. Its Stone Business Model combines end-to-end, cloud-based technology platforms; differentiated hyper-local and integrated distribution approaches; and white-glove, on-demand customer service. It has two segments Financial Services offers payments, digital banking, and credit solutions, focusing Ton solution mainly on micro-merchants, and Stone solution on SMBs. In Software, it offers POS and ERP solutions for different retail and services verticals, Customer Relationship Management, engagement tools, e-commerce, and Order Management System solutions, among others.

Stoneco Ltd. - Class A Common Share trades on the NASDAQ stock market under the symbol STNE.

As of May 10, 2024, STNE stock price declined to $16.60 with 2,533,861 million shares trading.

STNE has a beta of 1.98, meaning it tends to be more sensitive to market movements. STNE has a correlation of 0.26 to the broad based SPY ETF.

STNE has a market cap of $5.13 billion. This is considered a Mid Cap stock.

Last quarter Stoneco Ltd. - Class A Common Share reported $656 million in Revenue and $.36 earnings per share. This fell short of revenue expectation by $-28 million and exceeded earnings estimates by $.06.

In the last 3 years, STNE stock traded as high as $71.08 and as low as $6.81.

The top ETF exchange traded funds that STNE belongs to (by Net Assets): IWM, IWO, VTWO, IWN, FNDA.

STNE has underperformed the market in the last year with a price return of +23.9% while the SPY ETF gained +27.8%. STNE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.3% and +1.5%, respectively, while the SPY returned +4.2% and +2.5%, respectively.

STNE support price is $16.30 and resistance is $17.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that STNE stock will trade within this expected range on the day.