Block is a software infrastructure company located in California, United States, which is part of the Technology sector, and is traded under the ticker SQ on the NYSE exchange.
Block stock last closed at $64.08, down 1.45% from the previous day, and has increased 6.11% in one year. It has overperformed other stocks in the Software - Infrastructure industry by 0.06 percentage points. Block stock is currently +64.94% from its 52-week low of $38.85, and -26.78% from its 52-week high of $87.52.
At the moment, there are 617.04M shares of SQ outstanding. The market capitalization of SQ is $39.54B. In the past 24 hours, 10.76M SQ shares were traded.
How to Buy Block Stock
Not sure how to invest in Block stock? Here's how.
Figure out where to buy Block stock: You need to choose an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you figure out where to buy Block stock.
Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
Put funds into your investment account: Pick your method of payment and add your info.
Research Block stock: The Block ticker symbol is SQ. Is Block stock a good investment? Should you buy shares of SQ? How do SQ's underlying business fundamentals look? Do top analysts think Block is a good buy? Why has SQ's stock price moved recently? (Hint: Our stock market analysis website can help you figure out if SQ is a good stock to buy).
Execute your SQ buy order: Decide if you will purchase SQ shares at the current market price or use a limit order to buy SQ stock at a specific price.
Get the latest scoop on your SQ investment: Create a watchlist to keep track of your investment in Block shares.
Step 1: Figure out where to buy Block stock
You need an online brokerage account in order to access the NYSE market and buy SQ stock.
A brokerage account is an investment account that enables you to buy and sell a number of investments, such as stocks, bonds, mutual funds, and ETFs.
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Step 2: Sign up for a brokerage account
Now that you've selected your brokerage, it's time to fill out some personal information so you can invest in SQ today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Research Block stock
Once you have decided on the best place to buy Block stock, it's important to research their stock prior to investing, so you can comprehend the risk and upside.
Block stock at a glance
SQ Price
$64.08
1w %
-3.41%
1y %
6.11%
5y %
3.44%
P/E
78.15x
P/B
2.08x
P/S
1.73x
PEG
36.35x
Revenue
$22.88B
Earnings
$498.62M
Fore. Rev. Growth
10.31%
Fore. Earn. Growth
N/A
Market Cap
$39.54B
Next Earnings
Aug 1, 2024
Next Dividend
N/A
SQ Due Diligence Checks
WallStreetZen was designed to help average investors do better fundamental analysis quickly.
You can view all of the due diligence checks on SQ's stock page.
Is SQ stock overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SQ's true value.
Using relative valuations measures:
SQ may be overvalued based on its P/E ratio of 78.15x, relative to Software - Infrastructure industry P/E ratio of 43.62x
SQ may be undervalued based on its P/B ratio of 2.08x, relative to Software - Infrastructure industry P/B ratio of 11.54x
SQ may be overvalued based on its PEG ratio of 36.35x
You can do additional valuation research on SQ's stock here.
Is SQ a healthy company?
Positive Health Checks:
SQ profit margin has gone up from -1.3% to 2.2% in the past year.
Total SQ debt is lower than 5 years ago, relative to shareholder equity.
There are more short-term assets than long-term liabilities on the SQ balance sheet.
SQ earnings of $484.08M is not enough to cover its interest payments.
There are more short-term assets than short-term liabilities on the SQ balance sheet.
Negative Health Checks:
SQ's operating cash flow of $295.96M allows it to safely service it's debt of $5.08B.
SQ has a relatively high debt to equity ratio of 0.88.
Do Wall Street analysts think it's a good time to buy Block stock
Out of 24 Wall Street analysts who give ratings on SQ, the consensus analyst rating on Block is a Strong Buy
It's important to keep in mind that analyst forecasts are not stock recommendations, nor are they investment advice.
Latest SQ Analyst Upgrades/Downgrades
Mayank Tandon, a top 5% analyst from Needham maintains SQ with a buy rating and raises their SQ price target from $95.00 to $105.00, on May 3, 2024.
David Koning, a top 9% analyst from Baird maintains SQ with a buy rating and raises their SQ price target from $98.00 to $100.00, on May 3, 2024.
James Friedman, a bottom 2% analyst from Susquehanna maintains SQ with a strong buy rating and maintains their SQ price target from $100.00 to $100.00, on Apr 22, 2024.
Darrin Peller, a top 10% analyst from Wolfe Research maintains SQ with a buy rating and raises their SQ price target from $95.00 to $100.00, on Apr 11, 2024.
Dan Dolev, a bottom 1% analyst from Mizuho maintains SQ with a strong buy rating and raises their SQ price target from $99.00 to $106.00, on Apr 10, 2024.
You can dive deeper into what analysts are projecting on the Block stock forecast page.
SQ Technical Indicators
SMA10
67.84
SMA20
69.64
SMA50
73.88
SMA100
72.62
SMA200
64.33
MACD
-2.31
MACD Signal
-1.79
MACD Histogram
-0.53
RSI
33.7
Stochastic %K
11.92
Stochastic %D
11.63
StochRSI %K
0
StochRSI %D
0
SQ Earnings
Last year, SQ earnings were $498.62M. Over the past 4 year, SQ's earnings have grown by 2.95% per year. This was slower than the Software - Infrastructure industry average of 38.01%.
Last year, SQ revenue was $22.88B. In the last five year, SQ's revenue has grown by 44.85% per year. This was faster than the Software - Infrastructure industry average of 17.9%.
No, Block doesn't provide an income stream by paying out dividends.
What do other traders have to say about SQ?
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Step 5: Execute your SQ buy order
You have two primary options:
Market order: A market order is an order to buy or sell a stock at the best price on the market. Market orders are usually fine.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to be sure you're buying or selling at an exact price limit, use a limit order.
Click the Open button and your broker will execute your order.
If you need more info about investing in stocks on eToro, watch the helpful video below:
As of May 31, 2024, it costs $64.08 to buy one share of Block stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $10, you can buy 0.156 shares of SQ.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.