StoneCo stock had its Relative Strength (RS) Rating upgraded from 77 to 85 Monday. The fintech stock rose 7% Friday after reporting Q2 adjusted EPS of 41, rising 46% from same period a year earlier. Revenue came in at $644 million, up 24% from $520.6 million.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest climbs.
Is StoneCo Stock A Buy?
StoneCo stock reclaimed its 50-day moving average on Friday after posting positive quarterly earnings results. The financial payment stock is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could kick off a new price move.
In terms of top and bottom line numbers, StoneCo Cl A has posted two quarters of increasing earnings growth. Revenue gains have also moved higher over the same time frame.
StoneCo stock earns the No. 1 rank among its peers in the Finance-Card/Payment Processing industry group. Cantaloupe and dLocal are also among the group's highest-rated stocks.
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