Block Inc (NYSE:SQ) shares traded -0.46% lower at $69.70 on Wall Street last session.
SQ stock price is now 7.58% away from the 50-day moving average and 1.05% away from the 200-day moving average. The market capitalization of the company currently stands at $42.91B.
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On September 09, 2024, New Street recently initiated its ‘Neutral’ rating on the stock quoting a target price of $70, while ‘William Blair’ rates the stock as ‘Outperform’
In other news, Grassadonia Brian, Cash App Lead sold 2,351 shares of the company’s stock on Oct 03 ’24. The stock was sold for $151,381 at an average price of $64.39. Upon completion of the transaction, the Cash App Lead now directly owns 572,563 shares in the company, valued at $39.91 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 02 ’24, Cash App Lead Grassadonia Brian sold 1,884 shares of the business’s stock. A total of $123,232 was realized by selling the stock at an average price of $65.41. This leaves the insider owning 574,914 shares of the company worth $40.07 million. A total of 11.47% 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 $41774882816, which is based on a 54.28 price-to-earnings ratio, a 1.41 price-to-earnings-growth ratio, and a beta of 2.49. The fifty day moving average price for SQ is $64.7918 and a two-hundred day moving average price translates $68.97835 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.
