In Wednesday’s Wall Street session, Block Inc (NYSE:XYZ) shares traded at $53.75, down -2.41% from the previous session.
XYZ stock price is now -15.87% away from the 50-day moving average and -25.90% away from the 200-day moving average. The market capitalization of the company currently stands at $33.30B.
With the price target maintained at $67, Morgan Stanley recently Upgraded its rating from Equal-Weight to Overweight for Block Inc (NYSE: XYZ). On March 18, 2025, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock reducing its target price from $87 to quote $80, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, Jennings Owen Britton, Business Lead sold 1,263 shares of the company’s stock on Apr 02 ’25. The stock was sold for $70,968 at an average price of $56.19. Upon completion of the transaction, the Business Lead now directly owns 181,904 shares in the company, valued at $9.78 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 02 ’25, Ecosystem Lead Grassadonia Brian sold 1,885 shares of the business’s stock. A total of $105,918 was realized by selling the stock at an average price of $56.19. This leaves the insider owning 546,712 shares of the company worth $29.39 million. A total of 12.06% of the company’s stock is owned by insiders.
During the past 12 months, Block Inc has had a low of $46.42 and a high of $99.26. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.33, and a quick ratio of 2.31. According to the stock market information, the enterprise value for the company is $32616052736, which is based on a 11.81 price-to-earnings ratio, a 0.46 price-to-earnings-growth ratio, and a beta of 2.79. The fifty day moving average price for XYZ is $63.8862 and a two-hundred day moving average price translates $72.53255 for the stock.
The latest earnings results from Block Inc (NYSE: XYZ) was released for 2024-12-31. The net profit margin was 12.01% and return on equity was 14.50% for XYZ. The company reported revenue of $6.03 billion for the quarter, compared to $5.77 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.5 percent.
