In yesterday’s Wall Street session, Block Inc (NYSE:SQ) shares traded at $69.57, up 1.47% from the previous session.
As of this writing, 51 analysts cover Block Inc (NYSE:SQ). 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 $40.00, we find $70.00. Given the previous closing price of $68.56, this indicates a potential upside of 2.1 percent. SQ stock price is now 34.96% away from the 50-day moving average and 14.36% away from the 200-day moving average. The market capitalization of the company currently stands at $42.72B.
There are 13 analysts who have given it a hold rating, whereas 31 have given it a buy rating. Brokers who have rated the stock have averaged $72.23 as their price target over the next twelve months.
In other news, Ahuja Amrita, CFO & COO sold 3,931 shares of the company’s stock on Nov 28. The stock was sold for $251,191 at an average price of $63.90. Upon completion of the transaction, the CFO & COO now directly owns 216,084 shares in the company, valued at $15.03 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 24, CFO & COO Ahuja Amrita sold 3,340 shares of the business’s stock. A total of $200,400 was realized by selling the stock at an average price of $60.00. This leaves the insider owning 220,015 shares of the company worth $15.31 million. Insiders disposed of 782,835 shares of company stock worth roughly $54.46 million over the past 1 year. A total of 12.37% of the company’s stock is owned by insiders.
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 $51.55 and a two-hundred day moving average price translates $60.83 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. operates as a technology company with a focus on financial services. It builds tools to help people in accessing the economy. Its products include Square that makes commerce and financial services easy and accessible for sellers with its integrated ecosystem of technology solutions; Cash App to send, spend, or invest money in stocks or bitcoin; Afterpay for connecting consumers and businesses; TIDAL; and TBD that is building an open source platform and developer infrastructure which enables everyone to access and participate in the global economy. The company operates in the United States and internationally. 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 Oakland, California.
