In yesterday’s Wall Street session, Block Inc (NYSE:SQ) shares traded at $92.26, down -0.47% from the previous session.
SQ stock price is now 24.96% away from the 50-day moving average and 30.85% away from the 200-day moving average. The market capitalization of the company currently stands at $56.91B.
With the price target maintained at $88, Exane BNP Paribas recently Downgraded its rating from Outperform to Neutral for Block Inc (NYSE: SQ). , while ‘Oppenheimer’ rates the stock as ‘Perform’
In other news, Amrita Ahuja, Officer bought 6,661 shares of the company’s stock on Nov 21 ’24. The stock was bought for $609,038 at an average price of $91.43. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 21 ’24, Officer Ajmere Dale bought 1,781 shares of the business’s stock. A total of $162,843 was incurred on buying the stock at an average price of $91.43. A total of 11.44% of the company’s stock is owned by insiders.
During the past 12 months, Block Inc has had a low of $55.00 and a high of $93.96. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 2.07, and a quick ratio of 2.06. According to the stock market information, the enterprise value for the company is $55719616512, which is based on a 51.83 price-to-earnings ratio, a 1.30 price-to-earnings-growth ratio, and a beta of 2.51. The fifty day moving average price for SQ is $73.8288 and a two-hundred day moving average price translates $70.5077 for the stock.
The latest earnings results from Block Inc (NYSE: SQ) was released for 2024-09-30. The net profit margin was 4.73% and return on equity was 5.98% for SQ. The company reported revenue of $5.98 billion for the quarter, compared to $5.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.38 percent.
