The stock of Block Inc (NYSE:SQ) last traded at $86.75, down -1.06% from the previous session.
SQ stock price is now -0.55% away from the 50-day moving average and 19.07% away from the 200-day moving average. The market capitalization of the company currently stands at $53.77B.
With the price target maintained at $115, Raymond James recently Upgraded its rating from Mkt Perform to Outperform for Block Inc (NYSE: SQ). On December 19, 2024, Oppenheimer Upgraded its previous ‘Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $115, while ‘Monness Crespi & Hardt’ rates the stock as ‘Buy’
In other news, Jennings Owen Britton, Business Lead sold 2,836 shares of the company’s stock on Jan 02 ’25. The stock was sold for $253,486 at an average price of $89.38. Upon completion of the transaction, the Business Lead now directly owns 195,449 shares in the company, valued at $16.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jan 03 ’25, Cash App Lead Grassadonia Brian sold 2,887 shares of the business’s stock. A total of $262,140 was realized by selling the stock at an average price of $90.80. This leaves the insider owning 556,370 shares of the company worth $48.27 million. A total of 11.41% 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 $99.26. 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 $52304441344, which is based on a 48.74 price-to-earnings ratio, a 1.32 price-to-earnings-growth ratio, and a beta of 2.52. The fifty day moving average price for SQ is $86.9452 and a two-hundred day moving average price translates $72.82665 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.
