Block Inc [NYSE: SQ] jumped around 2.26 points on Friday, while shares priced at $64.97 at the close of the session, up 3.60%. The company report on January 25, 2024 at 4:05 PM that Block to Announce Fourth Quarter and Full Year 2023 Results.
Block, Inc. (NYSE: SQ) will release financial results for the fourth quarter and full year of 2023 on Thursday, February 22, 2024, after market close. Block will also host a conference call and earnings webcast at 2:00 p.m. Pacific Time/5:00 p.m. Eastern Time on the same day to discuss these results. To register to participate in the conference call, or to listen to the live audio webcast, please visit the Events & Presentations section of Block’s Investor Relations website at investors.block.xyz. A replay will be available at the same website following the call.
Compared to the average trading volume of 12.31M shares, SQ reached a trading volume of 11481461 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Block Inc [SQ]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SQ shares is $78.86 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SQ stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BMO Capital Markets have made an estimate for Block Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on December 05, 2023.
The Average True Range (ATR) for Block Inc is set at 2.64, with the Price to Sales ratio for SQ stock in the period of the last 12 months amounting to 1.92. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 11.15. Price to Free Cash Flow for SQ in the course of the last twelve months was 50.14 with Quick ratio for the last quarter at 1.90.
How has SQ stock performed recently?
Block Inc [SQ] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.34. With this latest performance, SQ shares dropped by -16.90% in over the last four-week period, additionally sinking by -14.25% over the last 6 months – not to mention a drop of -19.56% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SQ stock in for the last two-week period is set at 44.30, with the RSI for the last a single of trading hit 42.97, and the three-weeks RSI is set at 47.39 for Block Inc [SQ]. The present Moving Average for the last 50 days of trading for this stock 67.33, while it was recorded at 64.63 for the last single week of trading, and 60.66 for the last 200 days.
Block Inc [SQ]: Deeper insight into the fundamentals
Block Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.91.
Earnings analysis for Block Inc [SQ]
With the latest financial reports released by the company, Block Inc posted 0.22/share EPS, while the average EPS was predicted by analysts to be reported at 0.3/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -26.70%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SQ. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Block Inc go to 69.31%.
Insider trade positions for Block Inc [SQ]
The top three institutional holders of SQ stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in SQ stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in SQ stock with ownership which is approximately 5.8325%.
