On Jan. 05, Grassadonia Brian divested U.S. $1,030,250 in shares of Square Inc.. The Cash App Lead sold 4,594 shares at a price per share of $224.26. The transaction decreased this specific insider’s holdings to 135,417 shares worth around $32.43 million at present.
Robert W. Baird launched its Square Inc. [SQ] rating to the equivalent of a Neutral and assigned the price target of $245, in a research note dated December 23, 2020. That figure represents around a 2.25% premium from where the company’s shares closed on Thursday. Some new analysts also started their coverage, with Robert W. Baird’s analysts assigning the shares to “a Neutral” rating in a research note to investors issued in late December. Meanwhile, BTIG Research had maintained its rating on SQ to the earlier “Buy” rating, in a research note produced for clients December 22, 2020. In addition, there was a new coverage from Seaport Global Securities on December 07, 2020. The research firm rated SQ “a Buy”.
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Is Square Inc. [NYSE:SQ] a Good Buy Right Now?
It should be noted that SQ technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from Square Inc.’s Trend Spotter indicated that the signals were Strongest. The stock current average is 9.74 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 10.01 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 9.72 million shares.
SQ Price Performance
On Wall Street, Square Inc. [NYSE:SQ] finished Thursday’s session up 5.55% at $239.48. The stock went up to $240.40 at the same session while its lowest single day price was $231.50. In the last five days, it saw a rise of about 8.34%, Square Inc. shares gained by almost 10.03% since the beginning of the year. However, the share price has dropped to as low as -1.60% below its one year high. On 01/07/21, the company shares recorded $240.40, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $216.00. The company’s shares have inclined by 254.26% in the past year. The 50-day SMA achieved is $202.90 while the 200-day SMA is $137.65. Volume dropped to 10.21 million from 12.0 million in the previous session.
Square Inc. [SQ] Valuation Measures
Notably, Square Inc. [SQ] stock cannot be classified as a good candidate in the listing of underestimated low-priced Software – Infrastructure companies to purchase soonest possible with the prevailing 12-month PE ratio of 517.24. The measure means the stock is exchanging at a premium as compared to the 32.26x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 14.33 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 2.96 which means SQ serve an unattractive investment opportunity compared to its competitors.
SQ Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 233.85 level, and in case of violation of this particular level, it will cause more drop to 228.23 level. On the upper level, 246.03 is still the key resistance. The stock may increase to the subsequent resistance at 242.75. The Relative Strength Index (RSI) pinned on the 14-day chart is 63.64, implying a neutral technical stance while the MACD stands at 3.93, meaning price will increase in the next trading period. Percent R indicator moved to 11.28%, implying bullish price movement. Stochastic %K at 67.20% suggest holding the stock.
What is the short interest in Square Inc.?
Short interest in the Square Inc. stock has plunged, decreasing by -2.42 million shares to total 28.69 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 26.27 million, data from Yahoo Finance shows. The increase of 8.43% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 7.52% of the overall float for the stock.
Square Inc.’s Biggest Shareholders: Who Owns Square Inc. [SQ]?
Filings by Morgan Stanley Investment Managem showed that the firm now holds a total of 26,790,921 shares or roughly 6.98% of the outstanding SQ shares. This means their shares have reduced by -1,537,307 from the 26,790,921 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $4,699,408,670. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -0.79% stake valued at $2,549,042,127 while Fidelity Management & Research Co cut theirs at $2,406,733,574. During the last quarter, BlackRock Fund Advisors liquidated -96,137 of its shares in Square Inc. while Fidelity Management & Research Co sold -694,485 shares. The Sands Capital Management LLC’s holdings currently number 8,785,371 shares at $2103920647.08. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 7,836,158 shares, roughly $1,653,115,892.
SQ Earnings Forecast For The Current Quarter
Square Inc. [SQ] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $3.02B and an earnings per share of $0.25 for Dec 2020. Looking further ahead, the company is expected to report revenue of $2.94B at an EPS of $0.2 for Mar 2021. The estimates represent upside of 38.70% and 46.98% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
SQ Earnings Estimates For The Current Year
For the financial year, Square Inc. [NYSE:SQ] is expected to bring in revenue of $9.38B. The returns are nearly $7.11 billion higher than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 0.76, lower than that of FY19 by -$0.04. Estimates put this year’s earnings growth at -5.00%, 48.70% for the next, and at an annual 39.48% over the next 5-year period. As for sales, forecasts are for an increase of 312.50% in the current fiscal year and a further 38.70% over the following year.
What are analyst thoughts on Square Inc.?
Looking forward to the Square Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Square Inc. stock at $215.00 within the next 12 months, which represents almost -11.39 per cent growth from its previous closing price of $239.48. The highest analysts’ target for Square Inc. stock projections is $300.00 and the lowest one is $140.00. Still, 44 analysts sharing their consensus rating for SQ stock in 2021 agree that it is an Overweight.