StoneCo Q1 2024 Earnings: So, It Is A Bank [Seeking Alpha]
StoneCo Ltd. - Class A Common Share (STNE)
Company Research
Source: Seeking Alpha
It's essential to recognize the shift in StoneCo's fundamental nature and its implications for valuation multiples and growth prospects. Difficult to be bullish on this bank. Looking for a helping hand in the market? Members of Deep Value Returns get exclusive ideas and guidance to navigate any climate. Learn More » Investment Thesis StoneCo ( NASDAQ: STNE ) delivered Q1 2024 results that had many of the same elements as prior quarters. This is a beautiful story for investors who want exposure to Brazil's underbanked population. However, a beautiful story can trick some of the people for some of the time. However, after a while, investors like to check in on the fundamentals. And as we check in on StoneCo, the picture doesn't quite dazzle as strongly as it once did. Crucially, its non-performing loans are starting to tick up higher. So, yes, the stock isn't too expensive. Indeed, I estimate the stock to be priced at 25x forward adjusted net income. And yet, the problem he
Show less
Read more
Impact Snapshot
Event Time:
STNE
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
STNE alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
STNE alerts
High impacting StoneCo Ltd. - Class A Common Share news events
Weekly update
A roundup of the hottest topics
STNE
News
- StoneCo Ltd. (STNE) Increases Despite Market Slip: Here's What You Need to Know [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. to Announce Third Quarter 2024 Financial Results on November 12th, 2024GlobeNewswire
- StoneCo Ltd. (STNE) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- StoneCo Ltd. (NASDAQ: STNE) had its price target lowered by analysts at Barclays PLC from $14.00 to $13.00. They now have an "equal weight" rating on the stock.MarketBeat
- Why StoneCo Ltd. (STNE) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
STNE
Earnings
- 8/14/24 - Beat
STNE
Sec Filings
- 9/20/24 - Form 6-K
- 9/10/24 - Form SC
- 8/22/24 - Form 6-K
- STNE's page on the SEC website