Saturday, June 25, 2022

Taking a Closer Look At StoneCo Ltd. (STNE) Following Its Recent Trade

Cantor Fitzgerald initiated its StoneCo Ltd. [STNE] rating to an Overweight in a research note published on Tuesday, April 08, 2022; the price target was $15. PT values the company’s stock at a premium of 46.0 to its Tuesday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in mid March from “a Neutral” to “a Buy”. HSBC Securities revised its rating on January 31, 2022. It rated STNE as “a Hold” which previously was an “a Buy”.


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Price Performance Review of STNE

On Tuesday, StoneCo Ltd. [NASDAQ:STNE] saw its stock fall 0.00% to $8.10. On the same session, the stock had its day’s lowest price of $8.0313, but rose to a high of $8.64. Over the last five days, the stock has lost -0.12%. StoneCo Ltd. shares have fallen nearly -51.96% since the year began. Nevertheless, the stocks have fallen -88.30% over the past one year. While a 52-week high of $71.08 was reached on 01/03/22, a 52-week low of $6.81 was recorded on 05/12/22. SMA at 50 days reached $9.52, while 200 days put it at $18.70. A total of 11.53 million shares were traded, compared to the trading of 9.93 million shares in the previous session.

Levels Of Support And Resistance For STNE Stock

The 24-hour chart illustrates a support level at 7.87, which if violated will result in even more drops to 7.65. On the upside, there is a resistance level at 8.48. A further resistance level may holdings at 8.87. The Relative Strength Index (RSI) on the 14-day chart is 40.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.80%. Stochastics %K at 10.20% indicates the stock is a buying.

StoneCo Ltd. [STNE] – Who Are The Largest Shareholders?

In filings from Capital Research & Management Co, it is revealed that the company now owns 13,262,194 shares, or roughly 4.73% of the outstanding STNE shares. In other words, the investor’s shares have fallen by -23,888,852 from its previous 13-F filing of 37151046.0. Additionally, Berkshire Hathaway, Inc. decreased 0.00% of its stake after which the total value it holdings stand at $107,382,298, while Nikko Asset Management Americas, added 0.19% of its stake to hold $94.02 million in the firm. Over the last quarter, D. E. Shaw & Co. LP purchased 3,966,969 shares of StoneCo Ltd., while Two Sigma Investments LP bought -61,523 shares. At present, BlackRock Fund Advisors is holding 4,943,061 shares valued at $49.63 million. MFN Partners Management LP owned 4,000,000 shares of the company at the time of its most recent 13F filing, worth $40.16 million.

According to FactSet, StoneCo Ltd.’s share price will average $77.07 in the next year, based on opinions of analysts polled by the firm. This is up nearly 727.65 percent from its previous closing price of $8.10. Analysts expect StoneCo Ltd. stock to reach the higher price of $206.05, while the lowest price estimate is $30.02. However, 18 analysts have rated STNE stock as a Hold in their predictions for 2022.

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