Why Did StoneCo Stock Crash Today?
Brazilian e-commerce software company StoneCo (NASDAQ: STNE) stock got crushed like chalk after reporting Q4 earnings last night, despite beating analyst forecasts. StoneCo was expected to earn 2.65 Brazilian reais (R$) per share in Q4, according to Yahoo! Finance, but actually earned R$2.84.
Nevertheless, as of 11:10 a.m. ET Tuesday, StoneCo stock is down 18.7%.
Image source: Getty Images.
Source Fool.com
StoneCo Ltd Stock
€12.51
-0.560%
With 10 Buy predictions and not the single Sell prediction the community is currently very high on StoneCo Ltd.
As a result the target price of 16 € shows a positive potential of 27.95% compared to the current price of 12.51 € for StoneCo Ltd.
