Squarespace Inc (NYSE:SQSP) price on current trading day, rose 0.42% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $45.00.
A look at the stock’s price movement, the close in the last trading session was $44.81, moving within a range at $44.65 and $45.04. The beta value (5-Year monthly) was 0.618. Turning to its 52-week performance, $45.33 and $26.70 were the 52-week high and 52-week low respectively. Overall, SQSP moved 2.48% over the past month.
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Squarespace Inc’s market cap currently stands at around $6.23 billion, with investors looking forward to this quarter’s earnings report slated for on 2024-Aug-02.
Analysts have a consensus estimate of 308.39M for the company’s revenue for the quarter, with a low and high estimate of 299.86M and 318.5M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 1.21B, representing a 19.50% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SQSP 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.
10 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 9 analyst(s) rate the stock as a Hold, 1 recommend SQSP as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SQSP’s current price about 1.38% and 2.30% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 66.25, while 7-day volatility ratio is 0.82% and 0.69% in the 30-day chart. Further, Squarespace Inc (SQSP) has a beta value of 0.62, and an average true range (ATR) of 0.31. Analysts have given the company’s stock an average 52-week price target of $39.5, forecast between a low of $21 and high of $70. Looking at the price targets, the low is 53.33% off current price level while to achieve the yearly target high, price needs to move -55.56%. Nonetheless, investors will most likely welcome a 12.22% jump to $39.5 which is the analysts’ median price.
If we refocus on Squarespace Inc (NYSE:SQSP), historical trading data shows that trading volumes averaged 0.7 over the past 10 days and 863.53K over the past 3 months. The company’s latest data on shares outstanding shows there are 88.55 million shares.
The 55.16% of Squarespace Inc’s shares are in the hands of company insiders while institutional holders own 40.33% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.64 million on 2024-07-31, giving us a short ratio of 1.81. The data shows that as of 2024-07-31 short interest in Squarespace Inc (SQSP) stood at 353.0 of shares outstanding, with shares short rising to 1.61 million registered in 2024-06-28. Current price change has pushed the stock 36.32% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SQSP stock continues to rise going into the next quarter.
