Home  »  Trendy Stocks   »  StoneCo Ltd. (STNE) Stock Soaring in Aftermarket, ...

StoneCo Ltd. (STNE) Stock Soaring in Aftermarket, Here’s Why

StoneCo Ltd. (STNE), a company providing solutions related to financial technology, has rocketed 23.83% in aftermarket trading session. Consequently, the stock was trading at $11.90 when last checked. During Thursday’s regular trading session, the stock nominally increased by 1.80 percentage points to close the day at $9.61. The massive surge in aftermarket followed the announcement of new appointments as well as financial results.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '22.
Small-cap Uranium stocks are booming in 2022! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here. .

Sponsored

Appointment of New Executives

On Thursday, after the closure of the market, STNE announced the induction of new management executives. The step was taken for enhancing the execution strategy future. The company appointed Caio Fiuza as the COO of the Financial Platform Division. Before that, Caio was serving as the Head of TON. Alongside, Gilsinei Hansen, who was previously serving as Head of Linx Core division, was inducted as the COO of Software Division. João Bernartt was appointed as Chief Information Officer, while Sandro Bassili joined the company as Chief People and Management Officer. Diego Salgado was inducted as Head of Treasury.

Q4 2021 Financial Results

On the same day, STNE announced the financial results for the fourth quarter of the fiscal year 2021. The total revenue generated during the three months was $1.87 billion, an increase of 87% compared to the fourth quarter of fiscal 2020. The adjusted net income for the quarter was estimated to be $33.7 million compared to $357.8 million it was able to garner during the same quarter of the preceding year.

Comments from STNE Management

The management of STNE, while commenting said that 2021 has proven to be a challenging year for the company. The company is of the view that the market opportunity is tremendous and hence requires an aggressive approach, but it was not able to execute its strategies throughout the year. However, the underlying business fundamentals are strong, and as a result, the company remains optimistic regarding the current fiscal year.

What’s Ahead for STNE?

Looking ahead, analysts are holding a negative evaluation of STNE stock. Several bleak technical signals are pointing toward a rough upcoming period for the company. Hence, investors should take careful decisions regarding investment in STNE stock.

Leave a Comment

Your email address will not be published.

Related Videos

[youtube-feed num=3 showheader=false  layout="gallery" subscribecolor="#FF0000"]

Most Popular

Related Videos

[youtube-feed num=6 showheader=false subscribecolor="#FF0000"]

Related Posts