Could STNE shares go up before upcoming earnings? Here's what history can tell us
Market Chameleon (Fri, 8-Nov 7:26 AM ET)
StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on November 12th, 2024
Globe Newswire (Wed, 16-Oct 7:17 PM ET)
StoneCo Announces Additional Board Change
Globe Newswire (Fri, 20-Sep 8:29 AM ET)
Stone delivers a consistent quarter with strong TPV growth and advancements in credit and banking
PRNewswire (Thu, 15-Aug 4:22 PM ET)
StoneCo Reports Second Quarter 2024 Results
Globe Newswire (Wed, 14-Aug 4:05 PM ET)
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 November 8, 2024, STNE stock price declined to $11.30 with 2,899,641 million shares trading.
STNE has a beta of 2.10, meaning it tends to be more sensitive to market movements. STNE has a correlation of 0.27 to the broad based SPY ETF.
STNE has a market cap of $3.49 billion. This is considered a Mid Cap stock.
Last quarter Stoneco Ltd. - Class A Common Share reported $615 million in Revenue and $.31 earnings per share. This beat revenue expectation by $23 million and exceeded earnings estimates by $.02.
In the last 3 years, STNE traded as high as $31.99 and as low as $6.81.
The top ETF exchange traded funds that STNE belongs to (by Net Assets): IWM, IEMG, AVUV, IWO, IWN.
STNE has underperformed the market in the last year with a price return of +6.6% while the SPY ETF gained +38.5%. STNE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -7.2% and 0.0%, respectively, while the SPY returned +15.7% and +3.3%, respectively.
STNE support price is $11.13 and resistance is $11.57 (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 shares will trade within this expected range on the day.