Square Inc. (NYSE: SQ): Overvalued Against Others? – Stocks Register
Home  »  Companies   »  Square Inc. (NYSE: SQ): Overvalued Against Others?...

Square Inc. (NYSE: SQ): Overvalued Against Others?

Square Inc. (NYSE:SQ) price on Thursday, August 05, rose 5.78% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $281.81.

A look at the stock’s price movement, the close in the last trading session was $266.42, moving within a range at $264.77 and $289.23. The beta value (5-Year monthly) was 2.42 while the PE ratio in trailing twelve months stood at 462.74. Turning to its 52-week performance, $283.19 and $134.00 were the 52-week high and 52-week low respectively. Overall, SQ moved 15.19% over the past month.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Square Inc.’s market cap currently stands at around $132.49 billion, with investors looking forward to this quarter’s earnings report slated for Nov 03, 2021 – Nov 08, 2021. Analysts project the company’s earnings per share (EPS) to be $0.3, which has seen fiscal year 2021 EPS growth forecast to increase to $1.5 and about $2.1 for fiscal year 2022. Per the data, EPS growth is expected to be 78.60% for 2021 and 40.00% for the next financial year.

Analysts have a consensus estimate of $4.99 billion for the company’s revenue for the quarter, with a low and high estimate of $3.49 billion and $6.07 billion respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2021 to grow to $20 billion, representing a 110.60% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that SQ is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.

43 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 13 analyst(s) rate the stock as a Hold, 25 recommend SQ as a Buy and 2 give it an Overweight rating. Meanwhile, 1 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Overweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 8.49, with SQ’s current price about 12.29% and 18.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.56, while 7-day volatility ratio is 6.98% and 4.44% in the 30-day chart. Further, Square Inc. (SQ) has a beta value of 2.40, and an average true range (ATR) of 11.73. Analysts have given the company’s stock an average 52-week price target of $299.39, forecast between a low of $175.00 and high of $380.00. Looking at the price targets, the low is 37.9% off current price level while to achieve the yearly target high, price needs to move -34.84%. Nonetheless, investors will most likely welcome a -7.34% jump to $302.50 which is the analysts’ median price.

In the market, a comparison of Square Inc. (SQ) and its peers suggest the former has performed considerably stronger. Data shows SQ’s intraday price has changed 5.78% in last session and 92.30% over the past year. Looking at another peer, we see that Open Text Corporation (OTEX) price has gained 1.10% on the day. However, the stock is 13.54% off its price a year ago. Moreover, Palo Alto Networks Inc. (PANW) is also up 0.08% in trading on the day while keeping a an uptrend of 52.84% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.60% and 0.78% respectively in the last trading.

If we refocus on Square Inc. (NYSE:SQ), historical trading data shows that trading volumes averaged 13.52 million over the past 10 days and 9.48 million over the past 3 months. The company’s latest data on shares outstanding shows there are 454.97 million shares.

>> 7 Top Picks for the Post-Pandemic Economy <<

The 0.40% of Square Inc.’s shares are in the hands of company insiders while institutional holders own 75.10% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 31.25 million on May 27, 2021, giving us a short ratio of 2.88. The data shows that as of May 27, 2021 short interest in Square Inc. (SQ) stood at 6.86% of shares outstanding, with shares short falling to 31.58 million registered in Apr 29, 2021. Current price change has pushed the stock 29.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SQ stock continues to rise going into the next quarter.

Leave a Comment

Your email address will not be published. Required fields are marked *

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free
top 5 stocks of last 10 year

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam