How to Buy Block Stock
Block Inc
Block is a software infrastructure company located in California, United States, which is part of the Technology sector, and is traded under the ticker SQ on the NYSE exchange.
Block stock last closed at $83.83, up 3.25% from the previous day, and has decreased 20.65% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.04 percentage points. Block stock is currently +63.28% from its 52-week low of $51.34, and -43.74% from its 52-week high of $149.00.
At the moment, there are 598.07M shares of SQ outstanding. The market capitalization of SQ is $50.14B. In the past 24 hours, 15.39M SQ shares were traded.
How to Buy Block Stock
Not sure how to invest in Block stock? Here's how.
- Figure out where to buy Block stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Block stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your investment account: Pick your method of payment and add your info.
- Research Block stock: The Block ticker symbol is SQ. Is Block stock a good investment? Should you buy shares of SQ? How do SQ's underlying business fundamentals look? Do top analysts think Block is a good buy? Why has SQ's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if SQ is a good stock to buy).
- Execute your SQ buy order: Decide if you will purchase SQ shares at the current market price or use a limit order to buy SQ stock at a specific price.
- Get the latest scoop on your SQ investment: Create a watchlist to keep track of your investment in Block shares.
Step 1: Figure out where to buy Block stock
You need an online brokerage account in order to access the NYSE market and buy SQ stock.
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can invest in SQ today.
How to Open a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal details to open your new trading account.
- Submit your data by pressing the "Create Account" button.
Step 3: Put funds into your investment account
Now that you have finished signing up on the best stock app for beginners, your next step is to transfer the money for your investment:
Watch the walkthrough below for more details transferring money into your brokerage account.
Step 4: Research Block stock
Once you have decided on the best place to buy Block stock, it's important to research their stock prior to investing, so you can comprehend the risk and upside.
Block stock at a glance
SQ Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on SQ's stock page.
Is SQ stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SQ's true value.
Using relative valuations measures:
- SQ may be undervalued based on its P/B ratio of 3.04x, relative to Software - Infrastructure industry P/B ratio of 10.03x
You can do more valuation research on SQ's stock here.
SQ Financial Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the SQ balance sheet.
- There are more short-term assets than short-term liabilities on the SQ balance sheet.
- Total SQ debt is lower than 5 years ago, relative to shareholder equity.
Negative Health Checks:
- SQ's operating cash flow of $305.59M allows it to safely service it's debt of $5.52B.
- SQ has a relatively high debt to equity ratio of 0.76.
- SQ earnings of -$467.09M is not enough to cover its interest payments.
- SQ profit margin has gone down from 3.2% to -3% in the past year.
Do analysts think it's a good time to buy SQ stock
Out of 30 sell side analysts who research SQ, the consensus analyst rating on SQ is a Strong Buy
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest SQ Analyst Ratings
Ramsey El-Assal, a bottom 1% analyst from Barclays maintains SQ with a strong buy rating and raises their SQ price target from $100.00 to $103.00, on Jan 23, 2023.
El-Assal bumped up his price target on Block, Inc. by 3% ahead of the release of the company's Q4 and FY 2022 earnings report on 2023/02/23.
Block appeared to slow hiring significantly in Q4, the analyst reported.
This may signal "a more proactive approach on profitability," El-Assal said.
The current consensus estimate for Block's gross profit in Q4 "seems achievable, the analyst continued, citing "Cash App, Seller and Afterpay engagement that remains solid according to channel checks."
Yahoo Finance reports that the current Consensus EPS Estimate for the company's Q4 is $0.30 which, if achieved, would represent an 11.1% gain over Q4 2021's $0.27.
For FY 2022, analysts expect Block to return EPS of $1.07 which, if achieved, would represent a 37.4% decline against FY 2021's $1.71.
Andrew Jeffrey, a top 3% analyst from Truist Securities maintains SQ with a strong buy rating and raises their SQ price target from $85.00 to $105.00, on Jan 20, 2023.
Jeff Cantwell, a top 42% analyst from Wells Fargo maintains SQ with a strong buy rating and lowers their SQ price target from $97.00 to $96.00, on Jan 9, 2023.
David Koning, a top 10% analyst from Baird upgrades SQ to a buy rating and raises their SQ price target from $62.00 to $78.00, on Jan 3, 2023.
Peter Christiansen, a bottom 22% analyst from Citigroup maintains SQ with a strong buy rating and lowers their SQ price target from $135.00 to $90.00, on Dec 21, 2022.
You can dig deeper into what analysts are saying on the Block stock forecast page.
SQ Momentum
Is SQ Making Money?
Last year, SQ revenue was $16.96B. In the past five year, SQ's revenue has grown by 52.59% per year. This was faster than the Software - Infrastructure industry average of 19.67%.
Learn more about SQ's earnings and revenue performance here.
Who is buying/selling SQ?
Over the past year, insiders at SQ have sold more shares than they have bought.
Alyssa Henry, Square Lead of SQ, was the latest SQ insider to sell. They sold $1,396,565.55 worth of SQ shares on Jan 25, 2023.
Research more about who owns SQ shares here.
Does SQ provide a stable income stream?
No, Block doesn't provide an income stream by paying out dividends.
What do other traders have to say about SQ?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your SQ buy order
There are two main options:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you need more help with buying stocks on eToro, click the how to video below:
Step 6: Get the latest scoop on your SQ investment
Now that you own some shares in SQ, you'll want to stay up-to-date on your shares.
Add SQ to a watchlist to track the most important metrics related to your SQ stock.
SQ Feed
How to Buy Stock in Block
To reiterate, here are the 6 steps you need to take to buy Block stock right now:
- Figure out where to buy Block stock
- Sign up for a brokerage account
- Put funds into your investment account
- Research Block stock
- Execute your SQ buy order
- Get the latest scoop on your SQ investment
If you need a online brokerage, eToro is our favorite venue.
Get Started with eToro TodayIf you want to keep an eye on your investment in Block, click the button below.
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