The stock of Block Inc (NYSE:XYZ) last traded at $46.64, up 0.24% from the previous session.
XYZ stock price is now -18.42% away from the 50-day moving average and -35.06% away from the 200-day moving average. The market capitalization of the company currently stands at $28.69B.
With the price target maintained at $50, Macquarie recently Downgraded its rating from Outperform to Neutral for Block Inc (NYSE: XYZ). On May 02, 2025, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock keeping its target price maintained at $50, while ‘The Benchmark Company’ rates the stock as ‘Hold’
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 $8.48 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 $25.5 million. A total of 12.20% of the company’s stock is owned by insiders.
During the past 12 months, Block Inc has had a low of $44.27 and a high of $99.26. As of last week, the company has a debt-to-equity ratio of 0.28, a current ratio of 2.27, and a quick ratio of 2.26.
The net profit margin was 10.92% and return on equity was 12.93% for XYZ. The company reported revenue of $5.77 billion for the quarter, compared to $5.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.11 percent.
