Currently, there are 555.31M common shares owned by the public and among those 540.14M shares have been available to trade.
Insiders at the company have transacted a total of 112 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 53 of these insider trades were purchases, accounting for 1,765,690 shares. Insider sales of the common stock occurred on 59 occasions, with total insider shares sold totaling 405,277 shares.
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The company’s stock has a 5-day price change of 13.59% and 34.52% over the past three months. SQ shares are trading 2.03% year to date (YTD), with the 12-month market performance up to 8.20% higher. It has a 12-month low price of $38.85 and touched a high of $83.08 over the same period. SQ has an average intraday trading volume of 10.55 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 18.16%, 14.02%, and 29.09% respectively.
Institutional ownership of Block Inc (NYSE: SQ) shares accounts for 62.04% of the company’s 555.31M shares outstanding.
It has a market capitalization of $48.46B and a beta (3y monthly) value of 2.50. The stock’s trailing 12-month PE ratio is 13606.90, while the earnings-per-share (ttm) stands at $0.01. The company has a PEG of 196.39 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.24. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.79% over the week and 4.11% over the month.
Analysts forecast that Block Inc (SQ) will achieve an EPS of $0.66 for the current quarter, $0.76 for the next quarter and $4.06 for 2025. The lowest estimate earnings-per-share for the quarter is $0.27 while analysts give the company a high EPS estimate of $0.82. Comparatively, EPS for the current quarter was $0.4 a year ago. Earnings per share for the fiscal year are expected to increase by 74.60%, and 33.55% over the next financial year.
Looking at the support for the SQ, a number of firms have released research notes about the stock. Wells Fargo stated their Overweight rating for the stock in a research note on February 23, 2024, with the firm’s price target at $95. Seaport Research Partners coverage for the Block Inc (SQ) stock in a research note released on February 23, 2024 offered a Buy rating with a price target of $95. CLSA was of a view on February 23, 2024 that the stock is Buy, while Monness Crespi & Hardt gave the stock Buy rating on February 23, 2024, issuing a price target of $85- $100. The Benchmark Company on their part issued Buy rating on February 13, 2024.
