|Bid||128.40 x 900|
|Ask||128.32 x 900|
|Day's range||125.25 - 129.60|
|52-week range||32.33 - 133.81|
|Beta (5Y monthly)||2.69|
|PE ratio (TTM)||193.72|
|Earnings date||05 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||91.74|
Beaten-down stock prices aren't the only measure of a bargain stock. Long-term prospects can be a great barometer of future success.
Square (SQ) closed at $128.05 in the latest trading session, marking a -1.04% move from the prior day.
Investors need to pay close attention to Square (SQ) stock based on the movements in the options market lately.
Right now, several exceptionally hot high-growth stocks with valuations ranging from mid cap to large cap look to have all the tools necessary to clear a $100 billion market cap within the next decade. Call this one a bit of a "gimme" because it's already halfway there, but fintech stock Square (NYSE: SQ) and its $50-billion-plus market cap look destined to become megacap material ($100 billion valuation) within the next couple of years.
More and more Cash App users are relying on Square's (NYSE: SQ) app for their banking needs. Direct deposit accounts surged in April after Square made efforts to make the feature more available to users ahead of tax refund season. The CARES Act stimulus provided an even bigger boost to Square's latest Cash App focus.
As the global economy tries to mount a recovery from the adverse effects created by the coronavirus pandemic, now might be a good time to take a moment to consider the "great redundancy crisis." Mobility has matured, cloud computing services are prolific, and cybersecurity support for a dispersed workforce has advanced considerably.
Square will release financial results for the second quarter of 2020 on August 5, 2020, after market close. Square 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. The live webcast of the call can be accessed from Square’s Investor Relations website at square.com/investors. A replay will be available at the same website following the call.
Square (SQ) saw a big move last session, as its shares jumped nearly 6% on the day, amid huge volumes.
Payment processing giant Visa (NYSE: V) has grown into a mega cap stock in just a little over a decade as a publicly traded company, with a market capitalization of about $420 billion as of this writing. Since going public in 2008, Visa's stock price has increased by nearly 1,300% thanks to the gradual transition away from cash payments around the world, the surge in cross-border payment transactions, and smart expense management by the company. Another 140% gain would catapult Visa into the trillion-dollar club, and if the company's past performance is any indicator, such a move would certainly be possible.
The stock market gave back some of Monday's gains on Tuesday, but if you looked at a quote of Square's (NYSE: SQ) stock price, you'd never know it. Square has done an excellent job of helping its merchants build out things like curbside service and online stores, and the company recently rolled out on-demand delivery service to Square Online Store sellers.
Shares of electronic payment company Square (NYSE: SQ) jumped 29.4% in June, according to data provided by S&P Global Market Intelligence, as e-commerce stocks rose sharply. Square got two big analyst upgrades from Barclays and Rosenblatt, which see the company's payment platform and peer-to-peer payment apps driving growth in the long term.
Mobile payments innovator Square (NYSE: SQ) has been one of the top-performing financial stocks on the market, with an eye-popping year-to-date return of 90% through Monday's close. The original card reader has expanded into Square Register, a point-of-sale digital terminal that allows contactless payments online or in-store. It also offers other payroll services for small businesses through Square Payroll; banking through Square Capital; and a website service called Square Online Store that allows merchants to easily create online storefronts and sell online.
SunTrust analyst Andrew Jeffrey reiterated his buy rating on Square's stock and boosted his target price from $83 to $150. Jeffrey's new target represents potential upside of 25% for investors, based on Square's current price near $120, and signifies a new high among Wall Street analyst forecasts. Square stock climbed on Monday after SunTrust raised its price forecast to $150.
(Bloomberg) -- A rally in the shares of Square Inc. over the past few months has pushed the market valuation of the digital-payment company into the ranks of some of the biggest U.S. banks.Square has a market capitalization of about $55 billion after doubling since May, making it worth more than Truist Financial Corp. and all but four banks in the KBW Bank Index. While it’s still dwarfed by JPMorgan Chase & Co. and Bank of America Corp., Square is less than $20 billion shy of Goldman Sachs Group Inc.’s market valuation, which stands at $74 billion.Square shares have continued to set records in recent weeks as optimism swells over the growth of digital payments, and as the coronavirus pandemic changes consumer and corporate spending behavior.The San Francisco-based company has benefited in particular from positive sentiment about its popular cash app, its handling of pandemic-related government stimulus payments and its ability to garner deposits from traditional banks with fewer digital offerings.Technology stocks have soared this year, while banks have sunk. The tech-heavy Nasdaq 100 Index has gained 21% and the KBW Bank Index has fallen 35%.Square rallied as much as 13% on Monday after an analyst suggested it could eventually win as much as 20% of U.S. direct deposit accounts.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The big shareholder groups in Square, Inc. (NYSE:SQ) have power over the company. Generally speaking, as a company...
Regardless of whether you're a longtime investor or someone who recently began putting their money to work in the stock market, there's nothing that could have prepared you for what 2020 has offered up. The coronavirus disease 2019 (COVID-19) pandemic has completely upended societal norms and pushed the U.S. unemployment rate to levels not seen in nearly nine decades. After all, every single stock market correction in history (excluding the COVID-19 bear market) has been erased by a bull market rally.
On this day, 244 years ago, all but one of the 13 United Colonies officially adopted the Declaration of Independence, thus declaring their collective right to govern without England calling the shots. If you have spare cash that won't be needed to pay bills or cover emergencies, then the following blend of growth and income stocks should be perfect to help you secure your financial freedom. The first top stock that'll put you on the path toward financial independence is e-commerce giant Amazon (NASDAQ: AMZN).
Square's (NYSE: SQ) Cash App is worth between $27 billion and $30 billion in enterprise value, according to an estimate from MoffettNathanson analyst Lisa Ellis. Cash App's user base is growing rapidly, and Square is monetizing its users extremely well. The company said it was on pace to generate $30 per year on average from its 24 million Cash App in December.
Behind every monster stock is almost always a company driving tremendous change to an industry. Experienced investors can remember how Amazon transformed both retail -- and later -- the information technology industry. Buying Amazon or Netflix could still keep one rich.
Square (NYSE: SQ) and Wayfair (NYSE: W) are in different industries, but they share the common goal of allowing people to do things online that they used to have to do in person. For now, though, things seem to be working in Wayfair's favor.
The stock market started July off on a positive note, with all of the major averages marginally higher as of 12:30 p.m. EDT. It has done an excellent job helping its sellers through the COVID-19 pandemic by being a PPP loan facilitator and helping sellers pivot to online and curbside selling, and its Cash App got a major boost from the stimulus checks. The analyst sees Square's Cash App revenue more than tripling in the next five years as the company continues to build out its consumer finance ecosystem.
For instance, Shopify (NYSE: SHOP) has been an expensive stock for years. StoneCo (NASDAQ: STNE) has unbelievably good numbers. In my mind, StoneCo is very similar to Square (NYSE: SQ), the fintech superstar in the U.S. Like Square, StoneCo is using technology to create a whole ecosystem of start-up retail entrepreneurs.
Today Square released the "Rise of eCommerce" report, exploring how sellers in cities large and small embraced eCommerce in an effort to continue serving their customers in recent months. The report lists the top 50 cities that saw the largest percentage increase in new ecommerce sellers, includes insights from businesses on the front lines of this transition, and shares predictions about the road ahead from Square’s head of eCommerce, David Rusenko. The key takeaway? eCommerce is here to stay.