Previous Close | 5.50 |
Open | 5.50 |
Bid | 3.80 |
Ask | 6.30 |
Strike | 10.00 |
Expire Date | 2024-10-18 |
Day's Range | 5.50 - 5.50 |
Contract Range | N/A |
Volume | |
Open Interest | 12 |
StoneCo (STNE) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
StoneCo Ltd. (Nasdaq: STNE, B3: STOC31) reported adjusted net income of R$ 450 million in the first quarter, a 90% increase over the same time last year. The company's total revenue reached R$ 3.1 billion, a 14% year-over-year growth. Adjusted net cash was R$ 5.1 billion, an increase of R$ 87 million in the quarter and R$ 1.2 billion in the year. The adjusted EBT of R$ 568 million represents a 75% increase compared to 1Q23, with an adjusted EBT margin of 18.4%.