On September 27, 2024, at 02:56 AM EST, Stoneco Ltd. (STNE, Financial) experienced a significant stock surge of 5%, reaching $11.67 per share. The trading volume was 3.02633 million shares, with a turnover rate of 0.99% and a volatility of 4.64%.
Recent financial reports reveal that Stoneco Ltd. recorded a revenue of $242 million, a net profit of $95.17 million, and earnings per share (EPS) of $0.31. The gross profit stood at $70.48 million, with a price-to-earnings (P/E) ratio of 10.81.
Among the 18 institutions rating the stock, 61% recommended buying, 28% suggested holding, and 11% advised selling.
Compared to the overall software services sector, which saw a decline of 0.55%, other notable stocks in the industry include Datchat Inc, Rezolve Ai Ltd, and Digiasia Corp, which had significant gains. Active stocks with high turnover rates were Microalgo, Inc., Alpha Technology Group Limited, and Freight Technologies, Inc. Stocks with high volatility were Surgepays Inc, Digiasia Corp, and Multisensor Ai Holdings Inc.
Stoneco Ltd. is a fintech solutions provider offering various services to small and medium-sized enterprises. The company operates through its financial services and software divisions, providing payment, digital banking, and credit solutions, as well as POS, ERP, CRM, and e-commerce tools.
