After finishing at $77.17 in the prior trading day, Block Inc (NYSE: SQ) closed at $78.35, up 1.53%. In other words, the price has increased by $+1.18 from its previous closing price. On the day, 4696471 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.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Morgan Stanley on April 04, 2024, Downgraded its rating to Underweight and sets its target price to $60 from $62 previously.
On February 23, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight but kept the price unchanged to $95.
Seaport Research Partners Upgraded its Neutral to Buy on February 23, 2024, while the target price for the stock was maintained at $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 Apr 03 ’24 when Grassadonia Brian sold 4,514 shares for $78.41 per share. The transaction valued at 353,943 led to the insider holds 477,290 shares of the business.
Ahuja Amrita sold 3,791 shares of SQ for $297,252 on Apr 03 ’24. The CFO & COO now owns 189,401 shares after completing the transaction at $78.41 per share. On Apr 02 ’24, another insider, Ahuja Amrita, who serves as the CFO & COO of the company, sold 4,170 shares for $78.84 each. As a result, the insider received 328,763 and left with 193,192 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 48.24B and an Enterprise Value of 45.29B. As of this moment, Block’s Price-to-Earnings (P/E) ratio for their current fiscal year is 13508.62, and their Forward P/E ratio for the next fiscal year is 18.57. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 233.19. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.20 while its Price-to-Book (P/B) ratio in mrq is 2.58. Its current Enterprise Value per Revenue stands at 2.07 whereas that against EBITDA is 57.30.
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 74.96, while the 200-Day Moving Average is calculated to be 63.97.
Shares Statistics:
The stock has traded on average 10.51M shares per day over the past 3-months and 7.43M 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 541.67M. Insiders hold about 12.02% of the company’s shares, while institutions hold 61.94% stake in the company. Shares short for SQ as of Mar 15, 2024 were 13.3M with a Short Ratio of 1.26, compared to 14.87M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.16% and a Short% of Float of 2.41%.
Earnings Estimates
Its stock is currently analyzed by 29 different market analysts. On average, analysts expect EPS of $0.72 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 $0.77, 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 $3.29. EPS for the following year is $4.26, with 36 analysts recommending between $6.41 and $3.15.
Revenue Estimates
27 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 26.40% from the year-ago figure. For the next quarter, 27 analysts are estimating revenue of $6.25B, an increase of 22.50% 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 36 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 $25.01B. In the same quarter a year ago, actual revenue was $21.92B, up 14.10% from the average estimate. Based on 36 analysts’ estimates, the company’s revenue will be $27.84B 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 11.30% from the average revenue estimate for this year.
