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 $55.90, down 5.37% from the previous day, and has decreased 76.32% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.38 percentage points. Block stock is currently +3.71% from its 52-week low of $53.90, and -79.31% from its 52-week high of $270.16.
At the moment, there are 590.19M shares of SQ outstanding. The market capitalization of SQ is $32.99B. In the past 24 hours, 13.28M SQ shares were traded.
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You can see all of the due diligence checks on SQ's stock page.
You can use many financial metrics, analyses, models, and charts to gauge SQ's intrinsic value.
Using relative valuations methods:
You can do additional valuation research on SQ's stock here.
Out of 28 Wall Street analysts who give recommendations on SQ, the consensus analyst rating on Block is a Strong Buy
Dan Dolev, a bottom 2% analyst from Mizuho downgrades SQ to a hold rating and lowers their SQ price target from $125.00 to $57.00, on Sep 22, 2022.
Dolev lowered his price target on Block, Inc. by 54.4%.
For years the company has "rightfully" been perceived as the most innovative name among payment service providers, the analyst told investors.
However, the recent combination of user fatigue, plateauing inflows, loss of "best-of-breed" point of sale status, and "mis-execution" in the buy-now-pay-later segment is halting Block's growth, Dolev argued.
The company's "enormous potential" is not being realized at the moment, he said.
Therefore, Block shares "no longer deserve a premium valuation" relative to peers in the U.S. payments sector, Dolev concluded rather bearishly.
David Togut, a bottom 24% analyst from Evercore ISI Group downgrades SQ to a sell rating and lowers their SQ price target from $120.00 to $55.00, on Sep 14, 2022.
Jeff Cantwell, a bottom 8% analyst from Wells Fargo maintains SQ with a strong buy rating and lowers their SQ price target from $110.00 to $99.00, on Sep 8, 2022.
Michael Ng, a bottom 8% analyst from Goldman Sachs maintains SQ with a strong buy rating and lowers their SQ price target from $152.00 to $134.00, on Aug 8, 2022.
Ramsey El-Assal, a bottom 1% analyst from Barclays maintains SQ with a strong buy rating and lowers their SQ price target from $150.00 to $130.00, on Aug 8, 2022.
You can dig deeper into what analysts are forecasting on the Block stock forecast page.
Last year, SQ revenue was $16.29B. Over the last five year, SQ's revenue has gone up by 53.62% per year. This was faster than the Software - Infrastructure industry average of 20.17%.
Dive into SQ's earnings and revenue performance here.
Over the past 12 months, 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 $1,785,341.51 worth of SQ shares on Sep 21, 2022.
Get more info about who owns SQ shares here.
No, Block doesn't provide an income stream by paying out dividends.
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To summarize, here are the 6 steps for buying Block stock:
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