These Numbers Could Change Investor Views For Block Inc (NYSE: SQ)

Currently, there are 555.31M common shares owned by the public and among those 544.46M shares have been available to trade.

The company’s stock has a 5-day price change of 2.38% and -11.78% over the past three months. SQ shares are trading -16.12% year to date (YTD), with the 12-month market performance up to 14.06% 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 7.27 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 5.25%, 1.61%, and -5.06% respectively.

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Institutional ownership of Block Inc (NYSE: SQ) shares accounts for 65.60% of the company’s 555.31M shares outstanding.

It has a market capitalization of $39.94B and a beta (3y monthly) value of 2.49. The stock’s trailing 12-month PE ratio is 50.53, while the earnings-per-share (ttm) stands at $1.28. The company has a PEG of 0.80 and a Quick Ratio of 1.81 with the debt-to-equity ratio at 0.33. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.53% over the week and 4.04% over the month.

Analysts forecast that Block Inc (SQ) will achieve an EPS of 0.88 for the current quarter, 0.93 for the next quarter and 4.59 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.48 while analysts give the company a high EPS estimate of 0.48. Comparatively, EPS for the current quarter was 0.55 a year ago. Earnings per share for the fiscal year are expected to increase by 91.31%, and 28.45% over the next financial year.

Deutsche Bank coverage for the Block Inc (SQ) stock in a research note released on July 12, 2024 offered a Buy rating with a price target of $98. Goldman was of a view on June 24, 2024 that the stock is Buy, while Mizuho gave the stock Buy rating on April 10, 2024, issuing a price target of $99- $106. Morgan Stanley on their part issued Underweight rating on April 04, 2024.

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