Look At Analyst Expectations For A Better Read On Block Inc (NYSE: SQ)

Currently, there are 555.31M common shares owned by the public and among those 546.77M shares have been available to trade.

The company’s stock has a 5-day price change of 3.62% and -20.27% over the past three months. SQ shares are trading -16.74% year to date (YTD), with the 12-month market performance up to 0.45% higher. It has a 12-month low price of $38.85 and touched a high of $87.52 over the same period. SQ has an average intraday trading volume of 7.76 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 0.13%, -6.90%, and -0.62% respectively.

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Institutional ownership of Block Inc (NYSE: SQ) shares accounts for 62.36% of the company’s 555.31M shares outstanding.

It has a market capitalization of $39.74B and a beta (3y monthly) value of 2.52. The stock’s trailing 12-month PE ratio is 83.17, while the earnings-per-share (ttm) stands at $0.77. The company has a PEG of 1.40 and a Quick Ratio of 1.63 with the debt-to-equity ratio at 0.23. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.60% over the week and 2.89% over the month.

Earnings per share for the fiscal year are expected to increase by 86.05%, and 28.85% over the next financial year.

Looking at the support for the SQ, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on Jun-25-24, with the firm’s price target at $80. Mizuho coverage for the Block Inc (SQ) stock in a research note released on April 10, 2024 offered a Buy rating with a price target of $106. Morgan Stanley was of a view on April 04, 2024 that the stock is Underweight, while Wells Fargo gave the stock Overweight rating on February 23, 2024, issuing a price target of $95. Seaport Research Partners on their part issued Buy rating on February 23, 2024.

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