Stocks of Block Inc (NYSE:SQ) traded higher last session on Wall Street, up 11.86% to $83.40.
SQ stock price is now 20.50% away from the 50-day moving average and 19.92% away from the 200-day moving average. The market capitalization of the company currently stands at $50.86B.
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, while ‘New Street’ rates the stock as ‘Neutral’
In other news, Esperanza Chrysty, Chief Legal Officer sold 3,000 shares of the company’s stock on Nov 06 ’24. The stock was sold for $225,600 at an average price of $75.20. Upon completion of the transaction, the Chief Legal Officer now directly owns 89,071 shares in the company, valued at $7.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 06 ’24, Officer CHRISTINEGRACE GANAL ESPERANZA bought 3,000 shares of the business’s stock. A total of $225,600 was incurred on buying the stock at an average price of $75.20. A total of 11.42% of the company’s stock is owned by insiders.
During the past 12 months, Block Inc has had a low of $50.86 and a high of $87.52. As of last week, the company has a debt-to-equity ratio of 0.32, a current ratio of 2.07, and a quick ratio of 2.06. According to the stock market information, the enterprise value for the company is $44748910592, which is based on a 46.86 price-to-earnings ratio, a 1.22 price-to-earnings-growth ratio, and a beta of 2.45. The fifty day moving average price for SQ is $68.865 and a two-hundred day moving average price translates $69.456 for the stock.
The latest earnings results from Block Inc (NYSE: SQ) was released for 2024-09-30. The net profit margin was 4.73% and return on equity was 5.98% for SQ. The company reported revenue of $5.98 billion for the quarter, compared to $5.62 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.38 percent.
