StoneCo (NASDAQ: STNE) is a financial technology company based in Brazil. Founded by serial entrepreneur Andre Street, the company processed its first transaction in 2014 and has since grown to become one of the most significant e-commerce players in the lucrative South American market.
StoneCo's primary product is a point-of-sale system, but behind that is a suite of integrated technology solutions to help businesses manage their accounts, connect with their customers, and track inventories. You can see why many analysts call the company "the Square (NYSE: SQ) of Brazil".
In 2018, StoneCo went public on the NASDAQ exchange under the ticker symbol STNE priced at $24 a share. Since then, its shares have almost tripled in value.
So is StoneCo a good investment right now?
Though StoneCo is a sizable company with a market cap of about $19 billion, it's still prone to extreme volatility. However, taking into account the numerous risks facing the company listed above, there is still incredible potential for growth with StoneCo in and up and coming market.
Just expect a bumpy few years ahead.
MyWallSt operates a full disclosure policy. MyWallSt staff currently hold long positions in StoneCo. Read our full disclosure policy here.
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