Block Inc (SQ)

[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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[Jones077]

Block's stock price is already reflecting risks, but its vast ecosystem and reach have raised concerns. The company is addressing its cost structure and reallocating resources to improve efficiency and profitability. Despite market competition, Block remains a participant in the digital payment industry, offering a low value compared to competitors, making it an attractive investment opportunity.

[DiscoverGold]

Block, Inc. $SQ Brutal sell off. Growth slowing, and it's a growth name. See if 62 holds for a bounce. 55 area could be back in play
By: Options Mike | August 6, 2023

• $SQ Brutal sell off. Growth slowing, and it's a growth name. See if 62 holds for a bounce. 55 area could be back in play.



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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 327,291 Shares of Block Inc. (SQ)
By: Ark Invest Daily | August 5, 2023

• Cathie Wood and Ark Invest's trade activity from yesterday 8/4.





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[DiscoverGold]

Block $SQ Stock is moving UP $3.05 or 4.15% after earnings report, as I post.

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[DiscoverGold]

Block Inc. $SQ Just Reported Earnings
By: Evan | August 3, 2023

• Block Inc. $SQ JUST REPORTED EARNINGS

EPS of $0.39 beating expectations of $0.34
Revenue of $5.53B beating expectations of $5.12B

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[DiscoverGold]

Earnings Preview: Block Inc. (NYSE: SQ)
By: 24/7 Wall St. | August 2, 2023

• Here is a preview of what to expect from three more companies reporting results after Thursday’s closing bell.

Block

Over the past 12 months, the share price of Block Inc. (NYSE: SQ) has declined by only about 2%. But that is after a jump of almost 22% in the year to date. Since posting a 52-week low in early November, the shares have risen about 46.1%. That gain includes a 15% drop in late March on a short seller’s report. Investors will be watching for higher gross profits from Block’s Cash App business.

Analysts remain mostly bullish on the shares, with 33 of 47 brokerages having a rating of Buy or Strong Buy. Another 12 rate it at Hold. At a recent price of about $75.80 a share, the upside potential based on a median price target of $90.00 is 18.7%. At the high price of $147.00, the upside potential is almost 94%.

Second-quarter revenue is forecast at $5.1 billion, which would be up 2.2% sequentially and by 15.9% year over year. Adjusted EPS are expected to come in at $0.37, down 7.3% sequentially but 105.6% higher year over year. For the full 2023 fiscal year, estimates call for EPS of $1.71, up 70.7%, on sales of $20.73 billion, up 18.2%.

Block’s shares trade at 44.3 times expected 2023 EPS, 31.7 times estimated 2024 earnings of $2.38 and 24 times estimated 2025 earnings of $3.15 per share. Its 52-week trading range is $51.34 to $93.19. Square does not pay a dividend. The total shareholder return for the past year was negative 3.07%.

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[SmokyStock]

Square and other apps are the preferred payment methods for the NEW generation - low-cost services for participating in your OWN transactions. For the "small" entrepreneur, reasonable rates and excellent "back office" record keeping.

[perry3412]

There is no doubt that SQ is up handsomely since the lows earlier this year, but the Board still needs to trim the beard (unless, of course, the beard trims the beard himself, making him no longer the beard to be feared).

[BottomBounce]

Block, Inc. $SQ Total Debt (mrq) $5.65B Book Value Per Share (mrq) $28.92

[BottomBounce]

Block, Inc. $SQ Total Debt (mrq) $5.65B Book Value Per Share (mrq) $28.92

[DiscoverGold]

Block, Inc. $SQ Nice little dip to the 8D so far, if that holds very strong, if not the 21D
By: Options Mike | July 23, 2023

• $SQ Nice little dip to the 8D so far, if that holds very strong, if not the 21D.



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[DiscoverGold]

Block (SQ) expected to continue strong performance, BofA says it remains undervalued
By: Investing.com | July 19, 2023

BofA maintained a Buy rating and $86 price target on Block Inc (NYSE:SQ) Wednesday, stating that the stock "remains undervalued."

Analysts told investors in their 2Q preview note that they expect the company's "strong and steady performance to continue." SQ is set to report earnings on August 3.

"We think consensus 2Q estimates are well-calibrated. Last quarter, SQ suggested that 2Q overall gross profit (GP) growth trends would remain stable vs. April GP growth of 24% y/y, and BofA/Street are both at 23%," the analysts wrote.

Given the ongoing expense discipline, BofA believes another adjusted EBITDA beat is plausible for Block. The analysts also noted that SQ's recent stock price performance has been buoyed by the market's more favorable view on macro/crypto.

"At 6.6x C23E EV/GP, we believe SQ remains undervalued and business model resilience is underappreciated," the analysts concluded.

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[Th_EO]

Jack Dorsey's Block is building a sci-fi-style crypto wallet to keep Bitcoin safe.

[eastunder]

KeyBanc Adjusts Block's Price Target to $85 From $75, Keeps Overweight Rating
9:02 AM ET, 07/18/2023 - MT Newswires
09:02 AM EDT, 07/18/2023 (MT Newswires) -- Block (SQ) has an average rating of outperform and price targets ranging from $34.98 to $147, according to analysts polled by Capital IQ.

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

[eastunder]

Block Poised for Q2 Beat Amid 'Steady' Square Growth, Cash App Momentum, UBS Says

11:11 AM EDT, 07/18/2023 (MT Newswires) -- Block (SQ) is likely to report better-than-expected Q2 results on the back of "steady Square growth and continued Cash App momentum," UBS Securities said Tuesday in a report.

The payments company is scheduled to release results Aug. 3 with UBS projecting gross profit to increase 24% to $1.82 billion, or 1% above market expectations. Cash App gross profit is expected to jump 35%, with Square seen up 14%, UBS said.

"The Square business could be impacted by a broader slowdown in consumer spending but can still deliver low-teens gross profit growth," UBS analysts, including Rayna Kumar, said in the report. "Ongoing adoption of Cash App's range of products should stimulate solid monthly transacting user and inflows per active expansion and drive mid-30's gross profit growth."

UBS reiterated its buy rating on Block.

[Stockpile4u]

Block: Positive micro and macro variables may push the stock higher - $SQ is aiming for margin recovery and profitability, with a rebound in adjusted EPS and a higher valuation in FY2023. Growth potential and lower inflation expectations support the company's growth outlook.

[DiscoverGold]

Block, Inc. $SQ Like soo many names hot and extended here. Huge move. 78 next resistance, but way off the 8D, watch for a reconnect with it
By: Options Mike | July 16, 2023

• $SQ Like soo many names hot and extended here. Huge move. 78 next resistance, but way off the 8D, watch for a reconnect with it.



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[SmokyStock]

Block, Inc. ($SQ) shareholders are pleased with a 20% increase in the share price in the last month. However, the company's returns over the past three years have been less than pleasing, with a 37% drop. The recent 13% increase may be a positive sign, but historical fundamentals must be considered.

[Th_EO]

Block has demonstrated strong growth, and its valuation has improved, but concerns about the macroenvironment, the competition, and its Cash App business metrics persist.

[DiscoverGold]

Block $SQ Inching closer to that unfilled gap from March...
By: TrendSpider | July 10, 2023

• $SQ Inching closer to that unfilled gap from March...



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[DiscoverGold]

Block, Inc. $SQ Broke out on Wednesday, and couldn't' hold it. Still holding strong here
By: Options Mike | July 9, 2023

• $SQ Broke out on Wednesday, and couldn't' hold it. Still holding strong here, like it over 68 area still, we'll see.



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[DiscoverGold]

Block Inc. $SQ Patiently waiting for Stage 2 to begin...
By: TrendSpider | July 8, 2023

• $SQ Patiently waiting for Stage 2 to begin...



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[DiscoverGold]

Block $1.0 Million Call • Strike: 67.5 • Expiration: 8/18/23
By: Cheddar Flow | July 7, 2023

• $SQ $1.0M OTM Call

Strike: 67.5
Expiration: 8/18/23

*At the Ask*



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[DiscoverGold]

Block Inc. $SQ has a 100% win rate in July. Just FYI ....
By: BlueMoonTrades | July 5, 2023

• $SQ has a 100% win rate in July. Just FYI ....

This ticker is not worth ignoring at this point.



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[SmokyStock]

Block is committed to improving the seller experience by providing creative solutions. They recently launched the Square Credit Card, which is now in beta testing on the American Express network. This card is intended to give merchants more freedom in their spending choices.

[DiscoverGold]

Block Inc. $SQ Above ~$68 and this party might really get started for Block...
By: TrendSpider | July 3, 2023

• $SQ Above ~$68 and this party might really get started for Block...



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[DiscoverGold]

Block, Inc. $SQ Over the 200D and right to the 100D, on the verge of breaking out. 68 needs to clear to be sure
By: Options Mike | July 1, 2023

• $SQ Over the 200D and right to the 100D, on the verge of breaking out. 68 needs to clear to be sure.



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[DiscoverGold]

Block (SQ) Price Target Cut to $80.00 by Analysts at Truist Financial
By: MarketBeat | June 24, 2023

• Block (NYSE:SQ) had its target price lowered by analysts at Truist Financial from $105.00 to $80.00 in a research note issued on Friday, The Fly reports. Truist Financial's price objective indicates a potential upside of 28.06% from the company's current price...

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[DiscoverGold]

Block Inc. (SQ) Stage 2 incoming?
By: TrendSpider | June 19, 2023

• $SQ Stage 2 incoming?



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[DiscoverGold]

Block, Inc. $SQ Finally closed over the 200D, on watch this week now to see if can break to the upside. 70.50 area next target
By: Options Mike | June 19, 2023

• $SQ Finally closed over the 200D, on watch this week now to see if can break to the upside.

70.50 area next target



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[perry3412]

This is looking good and should start turning around from its slump. It dropped way more than it should have, mainly because of the short interest. Load up now before you miss a great investing opportunity. Their subscriber rates have exponentially increased, and it will reflect in their next earnings report.

[DiscoverGold]

Bank of New Hampshire Invests $1.23 Million in Block, Inc. (SQ)
By: MarketBeat | June 16, 2023

• Bank of New Hampshire acquired a new position in shares of Block, Inc. (NYSE:SQ) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,863 shares of the technology company's stock, valued at approximately $1,226,000...

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[Th_EO]

Block is projected to report earnings of $0.37 per share, which would represent year-over-year growth of 105.56%.

[DiscoverGold]

Block $SQ One of the more bullish looking setups heading into next week!
By: TrendSpider | June 16, 2023

• $SQ One of the more bullish looking setups heading into next week!



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[DiscoverGold]

Block, Inc. (SQ) Spent the week fighting the 200D, couldn't hold it so far. See if the 8D holds
By: Options Mike | June 11, 2023

• $SQ Spent the week fighting the 200D, couldn't hold it so far. See if the 8D holds.



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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 78,208 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | June 8, 2023

• Cathie Wood and Ark Invest's trade activity from today 6/8.



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[DiscoverGold]

Cathie Wood & Ark Invest's Buys 227,365 More Shares of Block Inc. (SQ)
By: Ark Invest Daily | June 7, 2023

• Cathie Wood and Ark Invest's trade activity from today 6/7.



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[DiscoverGold]

Block $SQ Falling wedge breakout, retest & bounce as #GoNoGo coloring flips bullish for the first time in 3 months!
By: TrendSpider | June 6, 2023

• $SQ Falling wedge breakout, retest & bounce as #GoNoGo coloring flips bullish for the first time in 3 months!



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