After finishing at $79.32 in the prior trading day, Block Inc (NYSE: SQ) closed at $81.46, up 2.70%. In other words, the price has increased by $+2.14 from its previous closing price. On the day, 6610442 shares were traded.
Ratios:
Our goal is to gain a better understanding of SQ by taking a closer look at 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 13 ’24 when Esperanza Chrysty sold 14,415 shares for $85.00 per share. The transaction valued at 1,225,275 led to the insider holds 61,813 shares of the business.
Grassadonia Brian sold 111,914 shares of SQ for $8,748,317 on Mar 04 ’24. The Cash App Lead now owns 443,979 shares after completing the transaction at $78.17 per share. On Feb 22 ’24, another insider, Ahuja Amrita, who serves as the CFO & COO of the company, sold 4,129 shares for $65.99 each. As a result, the insider received 272,473 and left with 197,625 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 50.15B and an Enterprise Value of 47.21B. As of this moment, Block’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14044.83, and their Forward P/E ratio for the next fiscal year is 19.11. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 242.44. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.29 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 2.15 whereas that against EBITDA is 59.73.
Stock Price History:
Over the past 52 weeks, SQ has reached a high of $87.52, while it has fallen to a 52-week low of $38.85. The 50-Day Moving Average of the stock is 71.36, while the 200-Day Moving Average is calculated to be 63.04.
Shares Statistics:
The stock has traded on average 10.94M shares per day over the past 3-months and 9.27M shares per day over the last 10 days, according to various share statistics. 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 62.02% stake in the company. Shares short for SQ as of Feb 29, 2024 were 14.62M with a Short Ratio of 1.34, 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
Its stock is currently analyzed by 30 different market analysts. 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 $4.33, with 35 analysts recommending between $6.41 and $3.15.
Revenue Estimates
28 analysts predict $5.82B in revenue for the current quarter. 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 26.30% from the year-ago figure. For the next quarter, 28 analysts are estimating revenue of $6.25B, an increase of 22.60% less than the figure of $26.30% 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 $25.04B. In the same quarter a year ago, actual revenue was $21.92B, up 14.20% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $27.94B 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.
