SQ Stock Summary and Trading Ideas (Block Class A | NYSE:SQ)

Founded in 2009, Block provides payment services to merchants, along with related services. The company also launched Cash App, a person-to-person payment network. In 2023, Square's payment volume was a little over $200 million.

Block Class A trades on the NYSE stock market under the symbol SQ.

As of April 18, 2024, SQ stock price declined to $72.06 with 5,844,365 million shares trading.

SQ has a beta of 3.52, meaning it tends to be more sensitive to market movements. SQ has a correlation of 0.58 to the broad based SPY ETF.

SQ has a market cap of $44.37 billion. This is considered a Large Cap stock.

Last quarter Block Class A reported $6 billion in Revenue and $.45 earnings per share. This beat revenue expectation by $73 million and missed earnings estimates by -$.14.

In the last 3 years, SQ stock traded as high as $289.23 and as low as $38.85.

The top ETF exchange traded funds that SQ belongs to (by Net Assets): VTI, VXF, ARKK, VUG, ARKW.

SQ has underperformed the market in the last year with a price return of +12.8% while the SPY ETF gained +22.2%. However, in the short term, SQ had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.8% vs +5.2% return in SPY. But in the last 2 weeks, SQ shares have been beat by the market, returning -3.6% compared to an SPY return of -2.6%.

SQ support price is $71.22 and resistance is $75.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SQ stock will trade within this expected range on the day.