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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 $79.47, up 1.34% from the previous day, and has increased 3.57% in one year. It has underperformed other stocks in the Software - Infrastructure industry by 0.33 percentage points. Block stock is currently +104.56% from its 52-week low of $38.85, and -4.59% from its 52-week high of $83.29.

At the moment, there are 615.69M shares of SQ outstanding. The market value of SQ is $48.93B. In the past 24 hours, 11.6M SQ shares were traded.

How to Buy Block Stock

Not sure how to invest in Block stock? Here's how.
  1. Figure out where to buy Block stock: You need to choose an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Block stock.
  2. Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
  3. Put funds into your investment account: Pick your method of payment and add your info.
  4. 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 analysis website can help you evaluate if SQ is a good stock to buy).
  5. Execute your SQ buy order: Decide if you will purchase SQ shares at the current market price or use a limit order to purchase SQ stock at a specific price.
  6. Get the latest scoop on your SQ investment: Create a watchlist to get the latest news on your investment in Block stock.

Step 1: Figure out where to buy Block stock

You will need an online brokerage account to access the NYSE market and buy SQ stock.

A brokerage account enables you to buy and sell a variety of investments, including stocks, bonds, mutual funds, and ETFs.

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Step 2: Sign up for a brokerage account

Now that you've chosen your brokerage, the next step is to fill out some personal information so you are able to buy SQ today.

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  2. Input your personal data to start a new trading account.
  1. Send your info by clicking the "Create Account" button.
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Step 3: Put funds into your investment account

Now that you have finished signing up on the stocks app, you can securely and quickly fund your account:

Check out this video walkthrough for more details depositing money into your new brokerage account.

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Step 4: Research Block stock

After you have identified the best place to buy Block stock, it's very important to analyze their stock before you invest, so you actually understand the risk and opportunity.

Block Metrics

SQ Price
$79.47
1w %
16.94%
1y %
3.57%
5y %
-2.18%
P/E
3,973.5x
P/B
2.62x
P/S
2.21x
PEG
N/A
Revenue
$21.92B
Earnings
$9.77M
Fore. Rev. Growth
11.31%
Fore. Earn. Growth
N/A
Market Cap
$48.93B
Next Earnings
N/A
Next Dividend
N/A

SQ Overview

WallStreetZen was created to help everyday investors perform more in-depth fundamental analysis in less time.

You can see all of the due diligence checks on SQ's stock page.

Is SQ stock properly valued?

You can use many financial metrics, analyses, models, and charts to gauge SQ's true value.

Using relative valuations methods:

  • SQ may be undervalued based on its P/E ratio of 3,973.5x, relative to Software - Infrastructure industry P/E ratio of -19.3x
  • SQ may be undervalued based on its P/B ratio of 2.62x, relative to Software - Infrastructure industry P/B ratio of 12.24x

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 -3.1% to 0% 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 has cash burn of 50190000. It has enough cash and short-term investments to cover this for at least one year.
  • There are more short-term assets than short-term liabilities on the SQ balance sheet.
  • SQ has $9.07B in cash and short term investments. This is enough to cover its annual cash burn of $50.19M.

Negative Health Checks:

  • SQ has a relatively high debt to equity ratio of 0.82.

Do Wall Street analysts think it's a good time to buy Block stock

Out of 23 Wall Street analysts who give ratings on SQ, the consensus analyst rating on Block is a Strong 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

Moshe Katri, a top 12% analyst from Wedbush reiterates SQ with a buy rating and maintains their SQ price target from $90.00 to $90.00, on Feb 23, 2024.

Andrew Jeffrey, a top 3% analyst from Truist Securities maintains SQ with a strong buy rating and raises their SQ price target from $90.00 to $100.00, on Feb 23, 2024.

Andrew Bauch, a top 26% analyst from Wells Fargo upgrades SQ to a strong buy rating and announces their SQ price target of $95.00, on Feb 23, 2024.

Jeff Cantwell, a bottom 1% analyst from Seaport Global upgrades SQ to a buy rating and announces their SQ price target of $95.00, on Feb 23, 2024.

Seaport Global's Jeff Cantwell upgraded their rating on Block (NYSE: SQ) from Hold to Buy on 2024/02/23. The analyst also announced a $95 price target.

The company's efforts to streamline itself organizationally, sharpen its focus on two key businesses, Square and Cash App, and focus on driving profitability "have been impressive, and there will be more to see," the analyst wrote in a note assessing Block's Q4 and FY 2023 print, released on 2024/02/22.

Block's Q4 financial results "demonstrated excellence in execution," Cantwell said, adding that they see "ample opportunity for further operating leverage from here."

That being the case, the stock's risk/reward is reasonable with room for upside, the analyst concluded.

Earnings Report

Block reported:

For Q4 2023:

  • EPS of $0.45, which missed the Zacks Consensus Estimate of $0.58 and, by 104.5%, Q4 2022’s $0.22.
  • Revenue of $5.77B, which beat the Zacks Consensus Estimate of $5.69B and, by 24%, Q4 2022’s $4.65B.

For FY 2023:

  • EPS of $1.80, which beat FY 2022’s $1.00 by 80%.
  • Revenue of $21.92B, which beat FY 2022’s $17.53B by 25.04%.

Management guided:

For Q1 2024:

  • Gross profit of $2B to $2.02B.
  • Operating income of $225M to $245M.

For FY 2024:

  • Gross profit of at least $8.65B.
  • Operating income of at least $1.15B.

Chairman & co-founder Jack Dorsey commented: “This past year, we intentionally made decisions that impacted our actives growth, and that we believe allows us to move faster on overall profitable growth as we make progress towards Rule of 40.

“For example, we deprioritized global expansion, implemented tighter controls to improve risk loss, and introduced deliberate friction to the onboarding process that slowed actives growth some, but ultimately allowed customers to adopt banking products earlier and receive higher limits.

“Our ability to increase engagement in this way is evidenced by recent Cash App Card growth: monthly Cash App Card actives grew 20% year over year in December—more than 2x the growth rate of total monthly actives.

“We believe this strategy will enable us to build the largest network in the long run, with a highly engaged customer base using Cash App as their primary banking solution.”

Mark Palmer, a top 13% analyst from Benchmark initiates coverage on SQ with a strong buy rating and announces their SQ price target of $89.00, on Feb 13, 2024.

You can dive deeper into what analysts are projecting on the Block stock forecast page.

SQ Technical Indicators

SMA10
72.25
SMA20
69.76
SMA50
69.86
SMA100
61.89
SMA200
61.6
MACD
2.66
MACD Signal
1.23
MACD Histogram
1.43
RSI
64.31
Stochastic %K
75.81
Stochastic %D
70.65
StochRSI %K
84.42
StochRSI %D
80.99

SQ Earnings

Last year, SQ earnings were $9.77M. Over the past 4 year, SQ's earnings have grown by -61.17% per year. This was slower than the Software - Infrastructure industry average of 144.68%.

Last year, SQ revenue was $21.92B. In the last five year, SQ's revenue has grown by 46.05% per year. This was faster than the Software - Infrastructure industry average of 17.19%.

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.

Amrita Ahuja, CFO COO of SQ, was the latest SQ insider to sell. They sold $272,472.71 worth of SQ stock on Feb 22, 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.

Click below to see what other investors have to say.

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:

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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:

  1. Figure out where to buy Block stock
  2. Sign up for a brokerage account
  3. Put funds into your investment account
  4. Research Block stock
  5. Execute your SQ buy order
  6. 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 Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to get notifications regarding your investment in Block, click the button below.

NYSE: SQ
$79.47+1.05 (+1.34%)
Updated Feb 29, 2024
Open eToro Account
NYSE: SQ
$79.47+1.05 (+1.34%)
Updated Feb 29, 2024
Open eToro Account

FAQ

How much does it cost to buy one Block share?

As of Feb 29, 2024, it costs $79.47 to buy one share of Block stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.126 shares of SQ.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Block stock?

According to 23 Wall Street analysts who monitor Block, their consensus recommendation is to buy Block stock.

What is the best way to buy Block stock?

One way to place an order for Block stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.