Square, Inc. (NYSE:SQ) has a beta value of 2.39 and has seen 5,808,039 shares traded in the recent trading session. The company, currently valued at $104.27 Billion, closed the recent trade at $230.51 per share which meant it lost -$13.17 on the day or -5.4% during that session. The SQ stock price is -22.85% off its 52-week high price of $283.19 and 78.44% above the 52-week low of $49.7. If we look at the company’s 10-day average daily trading volume, we find that it stood at 10.79 Million shares traded. The 3-month trading volume is 10.76 Million shares.
The consensus among analysts is that Square, Inc. (SQ) is an Overweight stock at the moment, with a recommendation rating of 2.3. 3 analysts rate the stock as a Sell, while 1 rate it as Overweight. 16 out of 46 have rated it as a Hold, with 25 advising it as a Buy. 1 have rated the stock as Underweight. The expected earnings per share for the stock is $0.16.
Square, Inc. (NYSE:SQ) trade information
Despite being -5.4% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Apr 29 when the SQ stock price touched $259.88 or saw a rise of 11.47%. Year-to-date, Square, Inc. shares have moved 5.71%, while the 5-day performance has seen it change -9.35%. Over the past 30 days, the shares of Square, Inc. (NYSE:SQ) have changed 0.24%. Short interest in the company has seen 32.78 Million shares shorted with days to cover at 3.05.
Wall Street analysts have a consensus price target for the stock at $272.2, which means that the shares’ value could jump 18.09% from the levels at last check today. The projected low price target is $155 while the price target rests at a high of $380. In that case, then, we find that the latest price level in today’s session is +64.85% off the targeted high while a plunge would see the stock lose -32.76% from the levels at last check today.
Square, Inc. (SQ) estimates and forecasts
Figures show that Square, Inc. shares have outperformed across the wider relevant industry. The company’s shares have gained +43.46% over the past 6 months, with this year growth rate of 40.48%, compared to -1.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 900% and 61.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +50.7%.
31 analysts offering their estimates for the company have set an average revenue estimate of $3.33 Billion for the current quarter. 30 have an estimated revenue figure of $3.51 Billion for the next quarter concluding in June 01, 2021. Year-ago sales stood $1.38 Billion for this quarter, and analysts expect sales will grow by 141.3% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +22% over the past 5 years. Earnings growth for 2021 is a modest -45.1% while over the next 5 years, the company’s earnings are expected to increase by 53.59%.
Square, Inc. (NYSE:SQ)’s Major holders
Insiders own 0.93% of the company shares, while shares held by institutions stand at 74.87% with a share float percentage of 75.58%. Investors are also buoyed by the number of investors in a company, with Square, Inc. having a total of 1647 institutions that hold shares in the company. The top two institutional holders are Morgan Stanley with over 28.24 Million shares worth more than $6.15 Billion. As of December 30, 2020, Morgan Stanley held 7.21% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 24.13 Million shares as of December 30, 2020. The firm’s total holdings are worth over $5.25 Billion and represent 6.16% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and ARK ETF Tr-ARK Innovation ETF. As of December 30, 2020, the former fund manager holds about 2.76% shares in the company for having 10811617 shares of worth $2.35 Billion while later fund manager owns 6.53 Million shares of worth $1.48 Billion as of March 30, 2021, which makes it owner of about 1.67% of company’s outstanding stock.