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 $98.92, up 6.14% from the previous day, and has increased 52.18% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 1.15 percentage points. Block stock is currently +79.85% from its 52-week low of $55.00, and -0.03% from its 52-week high of $98.95.
At the moment, there are 619.81M shares of SQ outstanding. The market capitalization of SQ is $61.31B. In the past 24 hours, 12.21M 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.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to open your new trading account.
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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 overvalued based on its P/E ratio of 53.47x, relative to Software - Infrastructure industry P/E ratio of 46.93x
- SQ may be undervalued based on its P/B ratio of 3.08x, relative to Software - Infrastructure industry P/B ratio of 12.14x
- SQ may be overvalued based on its PEG ratio of 3.68x
You can do additional valuation research on SQ's stock here.
Is SQ a healthy company?
Positive Health Checks:
- SQ profit margin has gone up from -1% to 4.7% in the past year.
- Total SQ debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the SQ balance sheet.
- SQ earnings of $1.21B is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the SQ balance sheet.
Negative Health Checks:
- SQ's operating cash flow of $895.63M allows it to safely service it's debt of $7.07B.
- SQ has a relatively high debt to equity ratio of 0.83.
Do Wall Street analysts think it's a good time to buy Block stock
Out of 17 Wall Street analysts who give ratings on SQ, the consensus analyst rating on Block is a Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest SQ Analyst Upgrades/Downgrades
Arvind Ramnani, a bottom 5% analyst from Piper Sandler assumes SQ with a strong buy rating and announces their SQ price target of $83.00, on Nov 11, 2024.
Piper Sandler's Arvind Ramnani assumed coverage on Block (NYSE: SQ) with a Strong Buy rating and a $83 price target.
Assuming coverage of Block for Piper Sandler, Ramnani backgrounded that the company's "locus is the intersection of software and payments, powered by its two business segments: Square and Cash App."
The analyst pointed out that a pillar of Block's investment thesis is its continual innovation in the software-enabled payment ecosystem, established by a "robust track record of innovation" that includes building out micro-merchant card acceptance and establishing a crypto trading business.
Looking ahead, Ramnani predicted that Block should benefit from a continued secular shift to electronic payments, as well as its position at the forefront of innovation.
Earnings Report
For Q3 2024, Block reported:
- EPS of $0.88, which was in line with the Zacks Consensus Estimate and ahead of Q3 2023 by 76%.
- Revenue of $5.98B, which missed the Zacks Consensus Estimate by 3.9% and Q3 2023 by 6.4%.
Management guided:
For Q4 2024:
- Gross profit of $2.31B, representing Y/Y growth of 14%.
For FY 2024:
- Gross profit of $8.89B, representing Y/Y growth of 18%.
As well, management guided a commitment to achieving Rule of 40 in 2026.
In the Shareholder Letter, CEO Jack Dorsey commented: "We believe our approach to lending is unique in the industry.
"Taken individually, Square Loans, Afterpay, and Cash App Borrow are powerful ideas that work for customers and investors.
"Taken together, we believe they provide Block with a lending ecosystem that can increase access to multiple customer types and grow both sides of the counter, all at a scale that’s unmatched in the industry.
"By leading with technology, transparency, and simplicity, we serve an entirely new market of customers looking to grow."
Vasundhara Govil, a top 41% analyst from Keefe, Bruyette & Woods maintains SQ with a hold rating and raises their SQ price target from $71.00 to $80.00, on Nov 8, 2024.
Mayank Tandon, a top 1% analyst from Needham maintains SQ with a buy rating and raises their SQ price target from $80.00 to $90.00, on Nov 8, 2024.
Daniel Perlin, a bottom 50% analyst from RBC Capital reiterates SQ with a buy rating and maintains their SQ price target from $88.00 to $88.00, on Oct 21, 2024.
Soomit Datta, a top 36% analyst from New Street Research initiates coverage on SQ with a hold rating and announces their SQ price target of $70.00, on Sep 9, 2024.
You can dive deeper into what analysts are projecting on the Block stock forecast page.
SQ Technical Indicators
SQ Earnings
Last year, SQ earnings were $1.13B. Over the past 4 year, SQ's earnings have grown by 26.17% per year. This was slower than the Software - Infrastructure industry average of 27.52%.
Last year, SQ revenue was $23.86B. In the last five year, SQ's revenue has grown by 40.67% per year. This was faster than the Software - Infrastructure industry average of 18.19%.
Find out more about SQ's earnings and revenue performance here.
Latest Insiders Trades at SQ
In the last year, executives and large shareholders at SQ have sold more shares than they have bought.
Chrysty Esperanza, Chief Legal Officer of SQ, was the latest SQ insider to sell. They sold $272,175.00 worth of SQ stock on Dec 2, 2024.
Learn more about who owns SQ stock 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 reasons eToro is our top-rated brokerage is because of its social trading community.
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Step 5: Execute your SQ buy order
You have two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
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 be sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will execute your order.
If you need more info about investing in stocks on eToro, watch the helpful 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 new investment.
Create a watchlist to get the latest updates about your SQ stock.
SQ Feed
How to Buy Stock in Block
To reiterate, here are the 6 steps to buy Block stock:
- 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 are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you would like to get notifications regarding your investment in Block, click the button below.
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