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.
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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.
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.
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SQ's true value.
Using relative valuations measures:
You can do more valuation research on SQ's stock here.
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.
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.
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.
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.
No, Block doesn't provide an income stream by paying out dividends.
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Now that you own some shares in SQ, you'll want to stay up-to-date on your shares.
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