StoneCo was one of the leading stocks in the Payment Group by performance, with a 116% return for 2019.
The company has exceptional growth metrics, with revenue growth averaging 66% in the past four quarters.
However, the stock is beginning to get expensive at a revenue multiple of nearly 21.
Based on this, I believe any moves above $44.00 are an opportunity for investors to take some profits.
It's been an exceptional start to 2020 for StoneCo (STNE), with the company up 7% out of the gate to add to its triple-digit return in 2019. The company has trounced the performance