Why Square Inc. (SQ) Stock Could See Much Higher Prices Ahead

Square Inc. (NYSE: SQ) is 9.04% higher on its value in year-to-date trading and has touched a low of $32.33 and a high of $283.19 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SQ stock was last observed hovering at around $256.59 in the last trading session, with the day’s loss setting it -19.27% off its average median price target of $266.00 for the next 12 months. It is also 37.55% off the consensus price target high of $380.00 offered by 43 analysts, but current levels are -53.11% lower than the price target low of $155.00 for the same period.

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Currently trading at $237.32, the stock is -3.85% and 1.20% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 25.97 million and changing -7.51% at the moment leaves the stock 43.20% off its SMA200. SQ registered 208.01% gain for a year compared to 6-month gain of 56.35%. The firm has a 50-day simple moving average (SMA 50) of $239.45 and a 200-day simple moving average (SMA200) of $194.27.

The stock witnessed a 9.55% loss in the last 1 month and extending the period to 3 months gives it a 21.10%, and is -12.41% down 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 6.06% over the week and 5.24% over the month.

Square Inc. (SQ) has around 3835 employees, a market worth around $104.80B and $7.65B in sales. Current P/E ratio is 512.57 and Fwd P/E is 206.54. Profit margin for the company is 4.10%. Distance from 52-week low is 634.06% and -16.20% 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”. 43 analysts offering their recommendations for the stock have an average rating of 2.40, where 17 rate it as a Hold and 2 think it is a “Overweight”. 21 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Square Inc. is expected to release its quarterly report on 05/06/2021 and quarterly earnings per share for the current quarter are estimated at $0.2 with sales reaching $3.07B over the same period.The EPS is expected to grow by 950.00% this year, but quarterly earnings will post 36.40% year-over-year. Quarterly sales are estimated to grow 122.30% in year-over-year returns.

Square Inc. (SQ) Top Institutional Holders

1,332 institutions hold shares in Square Inc. (SQ), with 4.43M 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 378.52M with Short Float at 7.66%. Institutions hold 77.72% of the Float.

The top institutional shareholder in the company is Morgan Stanley with over 28.24 million shares valued at $6.15 billion. The investor’s holdings represent 7.61% of the SQ Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 24.13 million shares valued at $5.25 billion to account for 6.50% of the shares outstanding. The other top investors are Blackrock Inc. which holds 20.94 million shares representing 5.64% and valued at over $4.56 billion, while FMR, LLC holds 4.11% of the shares totaling 15.28 million with a market value of $3.33 billion.

Square Inc. (SQ) Insider Activity

A total of 320 insider transactions have happened at Square Inc. (SQ) in the last six months, with sales accounting for 258 and purchases happening 62 times. The most recent transaction is an insider sale by Dorsey Jack, the company’s President, CEO & Chairman. SEC filings show that Dorsey Jack sold 100,000 shares of the company’s common stock on Feb 22 at a price of $271.30 per share for a total of $27.13 million. Following the sale, the insider now owns 0.0 shares.

Square Inc. disclosed in a document filed with the SEC on Feb 16 that McKelvey James Morgan Jr. (Director) sold a total of 200,000 shares of the company’s common stock. The trade occurred on Feb 16 and was made at $277.45 per share for $55.49 million. Following the transaction, the insider now directly holds 2683.0 shares of the SQ stock.

Still, SEC filings show that on Feb 16, Dorsey Jack (President, CEO & Chairman) disposed off 100,000 shares at an average price of $277.59 for $27.76 million. The insider now directly holds 0 shares of Square Inc. (SQ).

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Square Inc. (SQ): Who are the competitors?

The company’s main competitors (and peers) include Open Text Corporation (OTEX) that is 4.46% higher over the past 12 months. Palo Alto Networks Inc. (PANW) is 87.66% up on the 1-year trading charts. Short interest in the company’s stock has risen 5.76% from the last report on Dec 30, 2020 to stand at a total of 27.31 million short shares sold with a short interest ratio of 3.02.

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