In yesterday’s Wall Street session, Block Inc (NYSE:SQ) shares traded at $77.64, up 7.27% from the previous session.
SQ stock price is now 13.36% away from the 50-day moving average and 11.98% away from the 200-day moving average. The market capitalization of the company currently stands at $47.80B.
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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, CHRISTINEGRACE GANAL ESPERANZA, Officer bought 3,000 shares of the company’s stock on Nov 06 ’24. The stock was bought for $225,600 at an average price of $75.20. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 03 ’24, Cash App Lead Grassadonia Brian sold 2,351 shares of the business’s stock. A total of $151,381 was realized by selling the stock at an average price of $64.39. This leaves the insider owning 572,563 shares of the company worth $44.45 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 $48.15 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 $46663102464, which is based on a 60.46 price-to-earnings ratio, a 1.57 price-to-earnings-growth ratio, and a beta of 2.47. The fifty day moving average price for SQ is $68.2704 and a two-hundred day moving average price translates $69.27605 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.
