Square, Inc. (NYSE:SQ) traded at $103.73 at last check on Monday, June 29, making an upward move of 0.27% on its previous day’s price.
Looking at the stock we see that its previous close was $104.3 and the beta (5Y monthly) reads 2.67 with the day’s price range being $101.22 – 105.55. The company has a 12-month trailing PE ratio of 158.25. In terms of its 52-week price range, SQ has a high of $107.84 and a low of $32.33. The company’s stock has gained about 31% over that past 30 days.
On the other hand, looking at the outlook for the SQ stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 39 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 18 have rated the Square, Inc. (SQ) stock as a Hold, while 15 rate it as a Buy. None analysts rate it as outperform while 1 of them rated it as underperform, whereas 5 suggests the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SQ stock currently stands at 7.48, and the current price level is 11.13% off its SMA20 and 30.05% from its 50-day simple moving average. The RSI (14) is pointing at 71.42 while the volatility over the past week is 5.27% and drops to 5.08% over the past one month. The beta value is 2.68, while the average true range (ATR) is currently pointing at 4.79. The average price target for the stock over the next 12 months is $77.69, with the estimates having a low of $41 and a high of $125. These price ends are -60.47% and +20.51% off the current price level respectively, although investors could be excited at the prospect of a -24.32% if the SQ share price touches on the median price of $78.5.
Let’s briefly compare Square, (SQ) stock to its peers. We find that today’s price change of +0.27% and +46.32% over the past 12 months for SQ competes that of Paypal Holdings (PYPL), which has seen its stock price fall -2.43% in the latest trading session and is +50.32% over the last one year. Another of its peers Zoom Video Communications Cl A (ZM) has dropped -4.88% today, and is +184.48% up over the past year, while Workday Inc (WDAY) is also up 0.27% yet its price remains in the green at 46.32% over the same period. Paypal has a P/E ratio of 108.15 compared to Square,’s 226.25 and Zoom’s 1418.78. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 1.81% and 1.11%, respectively, in early deals.
Coming back to Square, Inc. (NYSE:SQ), we note that the average 3-month trading volume was 14.26 Million, while that of the preceding 10-day period stands at 15.27 Million. Current shares outstanding are 362.99 Million.
According to data from Thomson Reuters, insiders hold 1.23% of the company’s shares while institutions hold 74.35%. The data shows that short shares as of June 14, 2020, stood at 32.02 Million at a short ratio of 2.78. This represents a 7.29% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 37.63 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +66.72% up in year-to-date price movement.