The stock of Block Inc (NYSE:SQ) last traded at $59.27, up 1.86% from the previous session.
Data from the available sources indicates that Block Inc (NYSE:SQ) is covered by 51 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $100.00 and a low of $35.00, we find $70.00. Given the previous closing price of $58.19, this indicates a potential upside of 20.3 percent. SQ stock price is now 25.99% away from the 50-day moving average and -4.26% away from the 200-day moving average. The market capitalization of the company currently stands at $36.40B.
In total, 13 analysts have assigned it a hold rating, and 32 have given it a buy rating. Brokers who have rated the stock have averaged $71.83 as their price target over the next twelve months.
With the price target enhanced from $71 to $77, Daiwa Securities Upgraded its rating from Outperform to Buy for Block Inc (NYSE: SQ).
In other news, BOTHA ROELOF, Director bought 23,433 shares of the company’s stock on Nov 13. The stock was bought for $1,194,485 at an average price of $50.97. Upon completion of the transaction, the Director now directly owns 540,646 shares in the company, valued at $32.04 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Director BOTHA ROELOF bought 15,262 shares of the business’s stock. A total of $778,238 was incurred on buying the stock at an average price of $50.99. This leaves the insider owning 517,213 shares of the company worth $30.66 million. Insiders disposed of 875,248 shares of company stock worth roughly $51.88 million over the past 1 year. A total of 12.38% of the company’s stock is owned by insiders.
With an opening price of $57.92 on Monday morning, Block Inc (NYSE: SQ) set off the trading day. During the past 12 months, Block Inc has had a low of $38.85 and a high of $89.97. As of last week, the company has a debt-to-equity ratio of 0.25, a current ratio of 1.91, and a quick ratio of 1.90. The fifty day moving average price for SQ is $47.04 and a two-hundred day moving average price translates $61.91 for the stock.
The latest earnings results from Block Inc (NYSE: SQ) was released for Sep, 2023. The net profit margin was -1.36% and return on equity was -1.64% for SQ. The company reported revenue of $5.62 billion for the quarter, compared to $4.52 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.4 percent.
Block Inc(SQ) Company Profile
Block, Inc., together with its subsidiaries, creates tools that enables sellers to accept card payments and provides reporting and analytics, and next-day settlement. The company provides hardware products, including Square Register that combines its hardware, point-of-sale software, and payments technology; Square Terminal, a payments device and receipt printer to replace traditional keypad terminals, which accepts tap, dip, and swipe payments; Square Stand, which enables an iPad to be used as a payment terminal or full point of sale solution; Square Reader for contactless and chip that accepts EMV chip cards and NFC payments, enabling acceptance through Apple Pay, Google Pay, and other mobile wallets; and Square Reader for magstripe, which enables swiped transactions of magnetic-stripe cards by connecting with an iOS or Android smartphone or tablet through the headphone jack or Lightning connector. It also offers various commerce products, including Square for Restaurants; Square Appointments; Square for Retail; Square Point of Sale; Square Online; Square Online Checkout; Square Invoices; Square Virtual Terminal; Risk Manager; Order Manager; Payment application programming interfaces (APIs); and Commerce APIs. In addition, the company provides Cash App, an ecosystem of financial products and services that enables customers to store, send, receive, spend, or invest their money. It serves in the United States, Canada, Japan, Australia, New Zealand, the United Kingdom, Ireland, France, and Spain. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in San Francisco, California.
