[DiscoverGold]

Block $SQ What I refer to as Imbedded Overbought.. 68 Next resistance, 8D not even touched last month .. sto strong
By: Options Mike | December 3, 2023

• $SQ What I refer to as Imbedded Overbought.. RSI screaming and doesn't care..

68 Next resistance, 8D not even touched last month .. sto strong.



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[DiscoverGold]

Clearbridge Investments LLC Makes New Investment in Block, Inc. (SQ)
By: MarketBeat | November 26, 2023

• Clearbridge Investments LLC purchased a new position in Block, Inc. (NYSE:SQ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,107,468 shares of the technology company's stock, valued at approximately $73,724,000. Clearbridge Investments LLC owned approximately 0.18% of Block as of its most recent filing with the Securities and Exchange Commission (SEC)...

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[DiscoverGold]

Block $SQ Nice winner in this one, out now. gap filled 60 then the 200D next levels
By: Options Mike | November 19, 2023

• $SQ Nice winner in this one, out now. gap filled 60 then the 200D next levels.

Might look at it again on dip to the 8D and hold.



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[DiscoverGold]

Block Insider Trading Alert: $SQ Board of Directors member Roelof Botha just purchased 540,646 shares for a total value of $27.5 million
By: Barchart | November 14, 2023

• Block Insider Trading Alert

$SQ Board of Directors member Roelof Botha just purchased 540,646 shares for a total value of $27.5 million.



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[DiscoverGold]

Block $SQ Very strong since earnings, 8D still playing catch up, 54 then 56 to the upside
By: Options Mike | November 12, 2023

• $SQ Very strong since earnings, 8D still playing catch up, 54 then 56 to the upside.



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[RubyMartin]

Can't tell if this woman knows what she's doing or not. But I sure hope so.

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 96,367 Shares of Block Inc. (SQ)
By: Ark Invest Daily | November 6, 2023

• Cathie Wood and Ark Invest's trade activity from today 11/6.





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[DiscoverGold]

Block $SQ Similar report to $PYPL sold my JAN 50C and now in JAN 60C will stick with them as long as it's above the 50D. Over 52 then 54 then 58
By: Options Mike | November 5, 2023

• $SQ Similar report to $PYPL sold my JAN 50C and now in JAN 60C will stick with them as long as it's above the 50D.

Over 52 then 54 then 58.



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[SmokyStock]

$SQ The fintech company topped Wall Street estimates for both revenue and profits, sending the stock up by 14% Friday. Block also raised its full-year adjusted EBITDA forecast for 2023 and issued upbeat guidance for 2024.

[DiscoverGold]

Block $SQ flashing strong bullish RSI divergence into multi-year lows ahead of Thursday's Q3 earnings report...
By: TrendSpider | October 31, 2023

• $SQ Block flashing strong bullish RSI divergence into multi-year lows ahead of Thursday's Q3 earnings report...



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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 310,100 Shares of Block Inc. (SQ)
By: Markets & Mayhem | October 27, 2023

• Cathie Wood and Ark Invest's trade activity from today 10/27.





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[DiscoverGold]

$SQ ~ Q2 2018 vs Q2 2023
By: TrendSpider | October 25, 2023

$SQ ~ Q2 2018
Revenue: $815M
Gross Profit: $316M
Stock Price: $45

$SQ ~ Q2 2023
Revenue: $5.535B
Gross Profit: $1.866B
Stock Price: $45



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[DiscoverGold]

Block Inc. $SQ Still holding in. 21D resistance
By: Options Mike | October 22, 2023

• $SQ Still holding in. 21D resistance.



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[DiscoverGold]

Block Inc. $SQ Failed at the 21D. That is the level to break... back under the 8D.. recent lows back in play
By: Options Mike | October 15, 2023

• $SQ Failed at the 21D. That is the level to break... back under the 8D.. recent lows back in play.



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[Tiger Money]

This has gotten very cheap

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 18,574 Shares of Block Inc. (SQ)
By: Ark Invest Daily | October 9, 2023

• Cathie Wood and Ark Invest's trade activity from today 10/9.



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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 57,857 Shares of Block Inc. (SQ)
By: Ark Invest Daily | October 5, 2023

• Cathie Wood and Ark Invest's trade activity from today 10/5.



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[SmokyStock]

$SQ It's quite amusing how history tends to repeat itself in the world of investing. Remember when these stocks were considered terrible investments? Now people are proudly paying much higher prices for them. The cycle goes from hate to love and back again. It's almost predictable that in a few months, folks will be celebrating their purchases of the next hot stocks, saying, "Fintech is back! Just snagged SQ shares at $79, loaded up on $75 PayPal shares, and got a steal with SoFi at $9.00." Maybe, just maybe, it's worth considering the unpopular choices and those lower lows this time around.

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 113,169 Shares of Block Inc. (SQ)
By: Ark Invest Daily | October 4, 2023

• Cathie Wood and Ark Invest's trade activity from today 10/4.



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[DiscoverGold]

Citi cuts estimates on Block (SQ); Removes stock from 'top picks'
By: Investing | October 4, 2023

Citi reiterated their Buy rating on Block Inc (NYSE:SQ) but cut their 12-month price target on the stock to $65.00 (from $90.00) and removed the company as one of their “Top Picks”.

Despite recent unfavorable events such as a 48-hour outage, third-party services indicating growth slightly below the consensus, and the unexpected departure of Square's division head within the last 60 days, Citi holds the opinion that the stock's decline of approximately 45% over the past two months, approaching its pandemic lows, is an excessive drop.

Aside from some recent difficulties in execution, Citi believes that the company is starting to move past several consecutive quarters of spending on infrastructure and compliance. This could potentially put the company in a position to achieve operating leverage gains at a faster pace.

Analysts wrote in a note, “Given known headwinds/hang-overs, we think the return of momentum will mostly rely on expectations beating nearer term, as well as improving earnings power, before the vision gets its due.”

SQ is expected to report their 3Q results in early November. Citi will be looking for any effects the outage that occurred in mid-August had on the company, while also gaining a clearer understanding of Jack Dorsey's strategy as he takes on a more prominent role in operating.

Citi also assumes management will discuss potential restructuring efforts as part of its focus on improving operational efficiency.

As a result of the outage-related losses, Citi adjusted their YoY GPV growth projection for the 3Q from approximately 12.4% to 9.5% (with the FY2023 revised from 14.2% to 13.0%). Additionally, Citi made reductions in other Seller revenue projections, considering the possibility of initial attrition.

Shares of SQ are down 0.33% in afternoon trading on Wednesday.

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[DiscoverGold]

Block’s (SQ) Stock Continues to Falter Amid Financial Turmoil
By: Investing.com | October 4, 2023

Block, formerly known as Square, has been experiencing a significant financial downturn, with its shares plummeting nearly 45% since August, a trend confirmed by InvestingPro's real-time metrics, which show a 6 month price total return of -39.13%. The decline in stock price can be attributed to a series of setbacks including a two-day app outage and the abrupt departure of its CEO.

On Wednesday, Block's stock (NYSE:SQ) dipped an additional 0.9%, contrasting with the S&P 500's modest 0.4% rise. This recent drop further highlights the ongoing struggles the company is facing, and aligns with InvestingPro's tip that the stock has fared poorly over the last month.

In response to these challenges, Citigroup (NYSE:C) has adjusted its outlook on Block's shares. Initially setting a $90 price target, the banking giant has now downgraded it to $65. This new target suggests a considerable upside from Block's recent trading price of $41.41, which is in line with InvestingPro's fair value estimate of $74.91.

Despite the downgrade, Citigroup maintains a Buy rating on Block's stock. The bank views the recent plunge as an "overshot" and expresses confidence that the company's execution can rebound over time. They predict long-term growth potential for Block and anticipate a 25 to 30 times EV/Ebitda multiple, marking a decrease from their previous estimate of 35 to 40 times. This perspective is supported by InvestingPro's tip that net income is expected to grow this year.

Citigroup also emphasized the significant product development opportunities that lie ahead for Block, viewing them as key drivers for potential expansion in total addressable market (TAM). However, they caution that recovery will take time and suggest that the stock may be bottoming out. This aligns with another InvestingPro tip suggesting that the stock is in oversold territory.

Despite the current financial turmoil at Block, Citigroup's analysis presents a mixed outlook, acknowledging short-term difficulties while also highlighting longer-term growth potential and market expansion opportunities. For more detailed insights, consider exploring InvestingPro Tips, which offers a comprehensive list of 12 tips for Block, providing a more nuanced understanding of the company's financial performance.

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[DiscoverGold]

Block (SQ) Price Target Lowered to $77.00 at Piper Sandler
By: MarketBeat | September 29, 2023

• Block (NYSE:SQ) had its price objective cut by investment analysts at Piper Sandler from $83.00 to $77.00 in a report released on Friday, FlyOnTheWall reports. Piper Sandler's price target would indicate a potential upside of 73.62% from the stock's current price...

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[DiscoverGold]

Block, Inc. $SQ possible reversal candle on Thursday, but not even to the 8D...
By: Options Mike | September 30, 2023

• $SQ possible reversal candle on Thursday, but not even to the 8D... Long a Call spread but will bail if it breaks Thursday's low.



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[DiscoverGold]

Block Inc. $SQ $2.8+ Million 45 Calls
By: FLOWrensics | September 29, 2023

• $SQ interesting, no position but interesting.



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[Monksdream]

SQ new 52 week low

[Jones077]

Block, a financial services company, has experienced an 82% decline in its stock price since August 2021, hovering around $50. The company has faced setbacks, including a negative report from Hindenburg Research and the sudden resignation of CEO Jack Dorsey. These events have contributed to the stock's decline, but there is still uncertainty about the company's future. Block has made strategic acquisitions to diversify its business, but questions remain about their effectiveness. The absence of a share buyback program raises concerns about the company's capital allocation strategy. Investors are left to consider Block's growth prospects in a highly competitive financial transaction services sector. While valuation metrics suggest that Block may be overpriced, other metrics provide a more nuanced picture. Technical indicators suggest a bearish trend with considerable downside risks in the short to medium term. Investors should proceed cautiously, considering the company's future, ability to weather challenges, and the competitive financial services industry.

https://seekingalpha.com/article/4637101-sq-downside-risk-outweighs-upside-potential-better-alternatives-exist

[SmokyStock]

Remember that stock price charts do not account for inflation. When adjusted for inflation, the Block stock price is the lowest it has ever been, despite the fact that the non-adjusted valuation is the lowest it has ever been.

[DiscoverGold]

Block, Inc. $SQ this is just FGLY now... Extended and oversold. Does it mean it's a buy???? Probably not
By: Options Mike | September 24, 2023

• $SQ this is just FGLY now... Extended and oversold. Does it mean it's a buy???? Probably not.

Avoiding with stronger names.



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[SmokyStock]

It's been a rough ride, with a jaw-dropping 40% decline since those earnings dropped on August 2nd. The daily RSI is just hanging at 18, and the price has gone way below those lower Bollinger bands. This move is as wild as it gets – precisely the sort of action I'm keen on betting against.

[DiscoverGold]

Block $SQ daily RSI < 20 with price now trading at its lowest level since March of 2020.
By: TrendSpider | September 21, 2023

• $SQ Block daily RSI < 20 with price now trading at its lowest level since March of 2020.



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[DiscoverGold]

Square (Block) $SQ hit new 52 week lows today
By: Savvy Trader | September 19, 2023

• Square (Block) $SQ hit new 52 week lows today.



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[StocksAndStuff44]

Looking at Square's official website, it's clear that their main focus is not on becoming a media company. Their primary role is in payment processing, offering bundled services to businesses, and providing digital banking solutions for consumers. They also have other additional areas of interest, like Bitcoin and "buy now, pay later" services. While their profits have been struggling recently, they have a wide customer base. The company is owned by Jack Dorsey, and it's good to see him getting more involved in managing it, especially in his area of expertise.

[DiscoverGold]

Block $SQ Price made another new yearly low on Friday, while RSI held another higher low... Relief bounce incoming?
By: TrendSpider | September 17, 2023

• $SQ Price made another new yearly low on Friday, while RSI held another higher low...

Relief bounce incoming?



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[DiscoverGold]

Block $SQ flashing positive RSI divergence into its 52-week lows... Relief bounce incoming?
By: TrendSpider | September 12, 2023

• $SQ Block flashing positive RSI divergence into its 52-week lows...

Relief bounce incoming?



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[RubyMartin]

I Sure Hope This Woman Knows What She's Doing.

[DiscoverGold]

Cathie Wood & Ark Invest's Buys 184,496 Shares of Block Inc. (SQ)
By: Ark Invest Daily | September 11, 2023

• Cathie Wood and Ark Invest's trade activity from today 9/11.





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[DiscoverGold]

Block, Inc. $SQ this is just getting ugly now, extended down close to the 52W low. Another gap to fill on the way up
By: Options Mike | September 9, 2023

• $SQ this is just getting ugly now, extended down close to the 52W low. Another gap to fill on the way up.



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[DiscoverGold]

Analyst: It's Time to Dock Block (SQ) Stock
By: Schaeffer's Investment Research | September 6, 2023

• UBS downgraded SQ to "neutral" from "buy"

• There's room for more analyst optimism to unwind

UBS downgraded Block Inc (NYSE:SQ), operator of Square and Cash App, to "neutral" from "buy" and slashed its price target from $102 to $65. In response, Block stock is 2.3% lower before the opening bell.

The Wall Street analyst cited growth deceleration and its impact on price as a reason for the bear note. Per UBS, "In 2H/23E and 2024E, Block gross profit growth will likely slow given softening of consumer discretionary spending, a slowdown in Cash App monthly active user growth and moderation of Cash App monetization rates."

There's still room for analyst sentiment to shift. Coming into today, 20 of 30 covering brokerages rated SQ a "strong buy" or "buy." More price-target cuts could roll in soon, too, considering the average 12-month target price of $83.94 is a 42.9% premium to Tuesday's close at $58.74.

Options traders are already pessimistic. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Block stock's 50-day put/call volume ratio of 1.02 ranks in the highest possible percentile of its 12-month readings.

Options are affordably priced right now, according to SQ's Schaeffer's Volatility Index (SVI) of 35% that ranks higher than just 2% of annual reading. The implication here is that options traders are pricing in low volatility expectations -- a boon for premium buyers.

Block stock just staged a bounce from its 2023 lows around the $54 region to reclaim support from its now ascending 10-day moving average. However, this trendline could move back overhead should today's premarket losses hold. SQ is down 11.4% in the past 12 months.

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