As of close of business last night, Block Inc’s stock clocked out at $85.72, up 4.91% from its previous closing price of $81.71. In other words, the price has increased by $+4.01 from its previous closing price. On the day, 15073054 shares were traded.
Ratios:
To gain a deeper understanding of SQ’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.89 and its Current Ratio is at 1.90. In the meantime, Its Debt-to-Equity ratio is 0.24 whereas as Long-Term Debt/Eq ratio is at 0.24.
On February 23, 2024, Seaport Research Partners Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $95.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 04 ’24 when Grassadonia Brian sold 111,914 shares for $78.17 per share. The transaction valued at 8,748,317 led to the insider holds 443,979 shares of the business.
Ahuja Amrita sold 4,129 shares of SQ for $272,473 on Feb 22 ’24. The CFO & COO now owns 197,625 shares after completing the transaction at $65.99 per share. On Feb 21 ’24, another insider, Grassadonia Brian, who serves as the Cash App Lead of the company, sold 2,663 shares for $64.31 each. As a result, the insider received 171,258 and left with 402,561 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SQ now has a Market Capitalization of 52.78B and an Enterprise Value of 49.83B. As of this moment, Block’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14779.31, and their Forward P/E ratio for the next fiscal year is 20.05. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 255.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.41 while its Price-to-Book (P/B) ratio in mrq is 2.82. Its current Enterprise Value per Revenue stands at 2.27 whereas that against EBITDA is 63.05.
Stock Price History:
Over the past 52 weeks, SQ has reached a high of $83.83, while it has fallen to a 52-week low of $38.85. The 50-Day Moving Average of the stock is 70.20, while the 200-Day Moving Average is calculated to be 62.54.
Shares Statistics:
It appears that SQ traded 11.28M shares on average per day over the past three months and 9.84M shares per day over the past ten days. A total of 555.31M shares are outstanding, with a floating share count of 541.69M. Insiders hold about 12.02% of the company’s shares, while institutions hold 61.97% stake in the company. Shares short for SQ as of Feb 29, 2024 were 14.62M with a Short Ratio of 1.30, compared to 16.67M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.37% and a Short% of Float of 2.65%.
Earnings Estimates
As of right now, 31 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.73 for the current quarter, with a high estimate of $1.02 and a low estimate of $0.39, while EPS last year was $0.4. The consensus estimate for the next quarter is $0.78, with high estimates of $1.05 and low estimates of $0.48.
Analysts are recommending an EPS of between $4.74 and $1.99 for the fiscal current year, implying an average EPS of $3.35. EPS for the following year is $4.35, with 35 analysts recommending between $6.41 and $3.15.
Revenue Estimates
In the current quarter, 29 analysts expect revenue to total $5.82B. It ranges from a high estimate of $6.42B to a low estimate of $5.38B. As of the current estimate, Block Inc’s year-ago sales were $4.61B, an estimated increase of 26.40% from the year-ago figure. For the next quarter, 29 analysts are estimating revenue of $6.26B, an increase of 22.70% less than the figure of $26.40% in the same quarter last year. There is a high estimate of $7.07B for the next quarter, whereas the lowest estimate is $5.89B.
A total of 37 analysts have provided revenue estimates for SQ’s current fiscal year. The highest revenue estimate was $27.91B, while the lowest revenue estimate was $23.37B, resulting in an average revenue estimate of $25.05B. In the same quarter a year ago, actual revenue was $21.92B, up 14.30% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $27.95B in the next fiscal year. The high estimate is $32.18B and the low estimate is $25.17B. The average revenue growth estimate for next year is up 11.60% from the average revenue estimate for this year.
