Analysts Offer Insights on Technology Companies: Block (SQ) and Adobe (ADBE)
TipRanks (Tue, 15-Oct 9:10 AM ET)
SQ Bullish Calendar Call Spread with 257% Upside
Market Chameleon (Mon, 14-Oct 11:39 AM ET)
Barclays Keeps Their Buy Rating on Block (SQ)
TipRanks (Thu, 10-Oct 3:25 AM ET)
Square Launches Orders Platform
Business Wire (Tue, 8-Oct 4:05 PM ET)
City Neighborhoods and Suburbs of Major Metropolitans Thrive Post-Pandemic, Square Data Finds
Business Wire (Wed, 2-Oct 9:00 AM ET)
Globe Newswire (Fri, 27-Sep 3:48 PM ET)
SQ Bullish Calendar Call Spread is Inexpensive at 69 Cents
Market Chameleon (Thu, 29-Aug 1:02 PM ET)
Square Financial Services Launches Grant Initiative to Drive Community Development in Utah
Business Wire (Mon, 26-Aug 2:00 PM ET)
Songwriters Can Now Manage Their Catalog with TIDAL
Business Wire (Mon, 26-Aug 12:00 PM ET)
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 October 15, 2024, SQ stock price climbed to $71.75 with 3,411,051 million shares trading.
SQ has a beta of 2.35, meaning it tends to be more sensitive to market movements. SQ has a correlation of 0.42 to the broad based SPY ETF.
SQ has a market cap of $44.17 billion. This is considered a Large Cap stock.
Last quarter Block Class A reported $6 billion in Revenue and $.93 earnings per share. This fell short of revenue expectation by $-124 million and exceeded earnings estimates by $.08.
In the last 3 years, SQ traded as high as $270.16 and as low as $38.85.
The top ETF exchange traded funds that SQ belongs to (by Net Assets): VTI, VXF, VUG, VO, ARKK.
SQ has outperformed the market in the last year with a price return of +66.2% while the SPY ETF gained +36.2%. SQ has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +4.4% and +6.9%, respectively, while the SPY returned +4.0% and +1.2%, respectively.
SQ support price is $69.96 and resistance is $73.34 (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 shares will trade within this expected range on the day.