Square Inc. (NYSE: SQ) is 5.56% higher on its value in year-to-date trading and has touched a low of $32.33 and a high of $243.38 in the current 52-week trading range. The SQ stock was last observed hovering at around $221.16 in the last trading session, with the day’s gains setting it 8.59% off its average median price target of $210.00 for the next 12 months. It is also 23.42% off the consensus price target high of $300.00 offered by 44 analysts, but current levels are -64.11% lower than the price target low of $140.00 for the same period.
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Currently trading at $229.75, the stock is 3.61% and 15.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.6 million and changing 3.88% at the moment leaves the stock 70.45% off its SMA200. SQ registered 267.19% gain for a year compared to 6-month gain of 82.92%. The firm has a 50-day simple moving average (SMA 50) of $213.12 and a 200-day simple moving average (SMA200) of $164.73.
The stock witnessed a 11.78% loss in the last 1 month and extending the period to 3 months gives it a 26.99%, and is 2.87% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.64% over the week and 4.19% over the month.
Square Inc. (SQ) has around 3835 employees, a market worth around $105.22B and $7.65B in sales. Current P/E ratio is 496.22 and Fwd P/E is 205.13. Profit margin for the company is 4.10%. Distance from 52-week low is 610.64% and -5.60% from its 52-week high. The company has generated returns on investments over the last 12 months (15.00%).
Square Inc. (SQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Square Inc. (SQ) is a “Overweight”. 44 analysts offering their recommendations for the stock have an average rating of 2.40, where 15 rate it as a Hold and 1 think it is a “Overweight”. 24 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
Square Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at $0.25 with sales reaching $3.03B over the same period.The EPS is expected to grow by 950.00% this year, but quarterly earnings will post 312.70% year-over-year. Quarterly sales are estimated to grow 387.50% in year-over-year returns.
Square Inc. (SQ) Top Institutional Holders
1,332 institutions hold shares in Square Inc. (SQ), with 4.38M shares held by insiders accounting for 0.97% while institutional investors hold 78.49% of the company’s shares. The shares outstanding are 444.46M, and float is at 378.42M with Short Float at 7.58%. Institutions hold 77.72% of the Float.
The top institutional shareholder in the company is Morgan Stanley with over 35.1 million shares valued at $5.71 billion. The investor’s holdings represent 9.45% of the SQ Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 23.17 million shares valued at $3.77 billion to account for 6.24% of the shares outstanding. The other top investors are Blackrock Inc. which holds 18.81 million shares representing 5.07% and valued at over $3.06 billion, while FMR, LLC holds 3.15% of the shares totaling 11.7 million with a market value of $1.9 billion.
Square Inc. (SQ) Insider Activity
The most recent transaction is an insider sale by Whiteley Sivan, the company’s Gen. Counsel & Corp. Secretary. SEC filings show that Whiteley Sivan sold 118 shares of the company’s common stock on Jan 04 at a price of $222.61 per share for a total of $26268.0. Following the sale, the insider now owns 0.11 million shares.
Square Inc. disclosed in a document filed with the SEC on Jan 04 that Ahuja Amrita (Chief Financial Officer) sold a total of 3,279 shares of the company’s common stock. The trade occurred on Jan 04 and was made at $222.61 per share for $0.73 million. Following the transaction, the insider now directly holds 0.16 million shares of the SQ stock.
Still, SEC filings show that on Dec 28, Dorsey Jack (President, CEO & Chairman) disposed off 100,000 shares at an average price of $227.43 for $22.74 million. The insider now directly holds 0 shares of Square Inc. (SQ).
Square Inc. (SQ): Who are the competitors?
The company’s main competitors (and peers) include Open Text Corporation (OTEX) that is 2.70% higher over the past 12 months. Palo Alto Networks Inc. (PANW) is 45.74% up on the 1-year trading charts. Short interest in the company’s stock has risen 8.43% from the last report on Nov 12, 2020 to stand at a total of 26.27 million short shares sold with a short interest ratio of 3.14.