28-Mar-2024
Analysts Are Bullish on These Technology Stocks: Powerfleet (PWFL), Block (SQ)
TipRanks (Thu, 28-Mar 7:10 AM ET)
RBC Capital Sticks to Its Buy Rating for Block (SQ)
TipRanks (Wed, 27-Mar 9:45 PM ET)
SQ Bullish Calendar Call Spread with 409% Upside
Market Chameleon (Tue, 26-Mar 9:56 AM ET)
Block (SQ): New Buy Recommendation for This Technology Giant
TipRanks (Mon, 25-Mar 3:26 AM ET)
Afterpay Expands to More In-Demand Categories with New Spring Merchants
Business Wire (Wed, 13-Mar 9:00 AM ET)
Bitkey Starts Shipping First Units of Its Hardware Device, Adds Security and Recovery Features
Business Wire (Wed, 13-Mar 8:27 AM ET)
SQ Bull Put Spread at $1.32 Seems to be Above Fair Value
Market Chameleon (Mon, 11-Mar 10:00 AM ET)
PRNewswire (Mon, 4-Mar 10:30 AM ET)
SQ Bearish Calendar Put Spread is Inexpensive at 64 Cents
Market Chameleon (Mon, 26-Feb 11:13 AM ET)
Block Announces Fourth Quarter and Full Year 2023 Results
Business Wire (Thu, 22-Feb 4:05 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 March 28, 2024, SQ stock price climbed to $84.58 with 5,488,730 million shares trading.
SQ has a beta of 3.44, meaning it tends to be more sensitive to market movements. SQ has a correlation of 0.49 to the broad based SPY ETF.
SQ has a market cap of $52.08 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 +31.3% while the SPY ETF gained +33.6%. SQ has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +6.3% and -1.3%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
SQ support price is $80.84 and resistance is $85.52 (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.