The stock of Block Inc (NYSE:SQ) last traded at $62.14, up 1.52% from the previous session.
SQ stock price is now -2.94% away from the 50-day moving average and -8.04% away from the 200-day moving average. The market capitalization of the company currently stands at $38.34B.
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On July 12, 2024, Deutsche Bank reiterated its ‘Buy’ rating on the stock by increasing its target price from $90 to quote $98, while ‘Goldman’ rates the stock as ‘Buy’
In other news, BOTHA ROELOF, Director bought 434,405 shares of the company’s stock on Aug 06 ’24. The stock was bought for $25,001,587 at an average price of $57.55. Upon completion of the transaction, the Director now directly owns 434,405 shares in the company, valued at $26.99 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 15 ’24, Chief Legal Officer Esperanza Chrysty sold 2,500 shares of the business’s stock. A total of $175,000 was realized by selling the stock at an average price of $70.00. This leaves the insider owning 92,048 shares of the company worth $5.72 million. A total of 11.38% of the company’s stock is owned by insiders.
During the past 12 months, Block Inc has had a low of $38.85 and a high of $87.52. As of last week, the company has a debt-to-equity ratio of 0.33, a current ratio of 1.82, and a quick ratio of 1.81. According to the stock market information, the enterprise value for the company is $37120606208, which is based on a 48.39 price-to-earnings ratio, a 0.76 price-to-earnings-growth ratio, and a beta of 2.46. The fifty day moving average price for SQ is $63.9556 and a two-hundred day moving average price translates $67.66065 for the stock.
The latest earnings results from Block Inc (NYSE: SQ) was released for 2024-06-30. The net profit margin was 3.47% and return on equity was 4.41% for SQ. The company reported revenue of $6.16 billion for the quarter, compared to $5.53 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.21 percent.
