In today’s recent session, 2.05 million shares of the Square Inc. (NYSE:SQ) have been traded, and its beta is 2.33. Most recently the company’s share price was $215.00, and it changed around $4.45 or 2.11% from the last close, which brings the market valuation of the company to $99.37B. SQ at last check was trading at a discount to its 52-week high of $289.23, offering almost -34.53% off that amount. The share price’s 52-week low was $191.36, which indicates that the recent value has risen by an impressive 11.0% since then. We note from Square Inc.’s average daily trading volume that its 3-month average coming to 6.63 million.
Square Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.20. If we narrow it down even further, the data shows that 3 out of 39 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 10 recommended SQ as a Hold, whereas 23 deemed it a Buy, and 1 rated it as Underweight. Square Inc. is expected to report earnings per share of $0.26 for the current quarter.
Square Inc. (NYSE:SQ) trade information
Instantly SQ has been showing a green trend so far today with a performance of 2.11% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 237.82 on Tuesday, 11/23/21 increased the stock’s daily price by 9.6%. The company’s shares are currently down -3.26% year-to-date, but still down -11.71% over the last five days. On the other hand, Square Inc. (NYSE:SQ) is -19.64% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $299.60, which translates to bulls needing to increase their stock price by 28.24% from its current value. Analyst projections state that SQ is forecast to be at a low of $190.00 and a high of $380.00. In order for the stock price to hit the forecast high, the stock would need to plunge -76.74% from its current level, while the stock would need to crash 11.63% from its current level to reach the projected low.
Square Inc. (SQ) estimates and forecasts
Square Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -5.30 percent over the past six months and at a 98.81% annual growth rate that is well above the industry average of 0.90%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will loss -18.80% in revenue this quarter, and will report a decrease of -14.60% in the next quarter. The year-over-year growth rate is expected to be 85.80%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of $4.08 billion in revenue for the current quarter. 21 analysts expect Square Inc. to make $4.37 billion in revenue for the quarter ending Mar 2022. Analysts predict that the company’s current quarter sales will jump, forecast at 29.30%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.00%. Square Inc. earnings are expected to increase by -45.10% in 2021, but the outlook is positive 48.08% per year for the next five years.
Square Inc.’s next quarterly earnings report is expected to be released around February 21 and February 25.
Square Inc. (NYSE:SQ)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.18% of Square Inc. shares, and 77.74% of them are in the hands of institutional investors. The stock currently has a share float of 78.67%. Square Inc. stock is held by 1,819 institutions, with Morgan Stanley being the largest institutional investor. By Sep 29, 2021, it held 6.76% of the shares, which is about 26.97 million shares worth $6.47 billion.
Vanguard Group, Inc. (The), with 6.25% or 24.95 million shares worth $5.98 billion as of Sep 29, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 11.07 million shares worth $2.7 billion, making up 2.77% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 5.61 million shares worth around $1.37 billion, which represents about 1.41% of the total shares outstanding.