The stock of Block Inc (NYSE:SQ) last traded at $70.42, down -2.28% from the previous session.
SQ stock price is now -7.86% away from the 50-day moving average and 9.29% away from the 200-day moving average. The market capitalization of the company currently stands at $43.36B.
With the price target enhanced from $99 to $106, Mizuho maintained Buy rating for Block Inc (NYSE: SQ). On April 04, 2024, Morgan Stanley Downgraded its previous ‘Equal-Weight’ rating to ‘Underweight’ on the stock reducing its target price from $62 to quote $60, while ‘Wells Fargo’ rates the stock as ‘Overweight’
In other news, Grassadonia Brian, Cash App Lead sold 4,514 shares of the company’s stock on Apr 03 ’24. The stock was sold for $353,943 at an average price of $78.41. Upon completion of the transaction, the Cash App Lead now directly owns 477,290 shares in the company, valued at $33.61 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 03 ’24, CFO & COO Ahuja Amrita sold 3,791 shares of the business’s stock. A total of $297,252 was realized by selling the stock at an average price of $78.41. This leaves the insider owning 189,401 shares of the company worth $13.34 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.
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.
