Currently, there are 556.32M common shares owned by the public and among those 549.08M shares have been available to trade.
The company’s stock has a 5-day price change of -10.35% and 18.25% over the past three months. SQ shares are trading -3.02% year to date (YTD), with the 12-month market performance up to 21.44% higher. It has a 12-month low price of $55.00 and touched a high of $99.26 over the same period. SQ has an average intraday trading volume of 8.08 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 -6.89%, -6.07%, and 13.15% respectively.
Institutional ownership of Block Inc (NYSE: SQ) shares accounts for 62.27% of the company’s 556.32M shares outstanding.
It has a market capitalization of $51.09B and a beta (3y monthly) value of 2.52. The stock’s trailing 12-month PE ratio is 46.31, while the earnings-per-share (ttm) stands at $1.78. The company has a PEG of 1.40 and a Quick Ratio of 2.06 with the debt-to-equity ratio at 0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.14% over the week and 3.81% over the month.
Analysts forecast that Block Inc (SQ) will achieve an EPS of 0.87 for the current quarter, 1.0 for the next quarter and 4.59 for current fiscal year. The lowest estimate earnings-per-share for the quarter is 0.53 while analysts give the company a high EPS estimate of 0.53. Comparatively, EPS for the current quarter was 0.45 a year ago. Earnings per share for the fiscal year are expected to increase by 96.18%, and 25.62% over the next financial year.
Looking at the support for the SQ, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on Jan-15-25, with the firm’s price target at $90-$108. Raymond James coverage for the Block Inc (SQ) stock in a research note released on January 03, 2025 offered a Outperform rating with a price target of $115. Oppenheimer was of a view on December 19, 2024 that the stock is Outperform, while Monness Crespi & Hardt gave the stock Buy rating on December 13, 2024, issuing a price target of $115. BMO Capital Markets on their part issued Market Perform rating on November 25, 2024.
