In yesterday’s Wall Street session, Block Inc (NYSE:SQ) shares traded at $80.77, down -3.90% from the previous session.
SQ stock price is now 12.73% away from the 50-day moving average and 27.91% away from the 200-day moving average. The market capitalization of the company currently stands at $49.73B.
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With the price target maintained at $95, Wells Fargo recently Upgraded its rating from Equal Weight to Overweight for Block Inc (NYSE: SQ). On February 23, 2024, Seaport Research Partners Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock keeping its target price maintained at $95, while ‘CLSA’ rates the stock as ‘Buy’
In other news, Esperanza Chrysty, Counsel Lead sold 14,415 shares of the company’s stock on Mar 13 ’24. The stock was sold for $1,225,275 at an average price of $85.00. Upon completion of the transaction, the Counsel Lead now directly owns 61,813 shares in the company, valued at $4.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, Cash App Lead Grassadonia Brian sold 111,914 shares of the business’s stock. A total of $8,748,317 was realized by selling the stock at an average price of $78.17. This leaves the insider owning 443,979 shares of the company worth $35.86 million. A total of 12.02% 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 $87.52. As of last week, the company has a debt-to-equity ratio of 0.24, a current ratio of 1.90, and a quick ratio of 1.89. According to the stock market information, the enterprise value for the company is $46.78B, which is based on a 13925.86 price-to-earnings ratio, a 240.39 price-to-earnings-growth ratio, and a beta of 2.55. The fifty day moving average price for SQ is $71.90 and a two-hundred day moving average price translates $63.22 for the stock.
The latest earnings results from Block Inc (NYSE: SQ) was released for Dec, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.45, missing analysts’ expectations of $0.59 by -0.14. This compares to -$0.18 EPS in the same period last year. The net profit margin was 0.04% and return on equity was 0.05% for SQ. The company reported revenue of $5.77 billion for the quarter, compared to $4.65 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 24.13 percent. For the current quarter, analysts expect SQ to generate $5.82B in revenue.
