In today’s recent session, 8.02 million shares of the Squarespace Inc (NYSE:SQSP) have been traded, and its beta is 0.55. Most recently the company’s share price was $43.21, and it changed around $5.02 or 13.14% from the last close, which brings the market valuation of the company to $5.94B. SQSP at last check was trading at a discount to its 52-week high of $38.30, offering almost 11.36% off that amount. The share price’s 52-week low was $26.70, which indicates that the recent value has risen by an impressive 38.21% since then. We note from Squarespace Inc’s average daily trading volume that its 3-month average coming to 777.70K.
Squarespace Inc (NYSE:SQSP) trade information
Instantly SQSP has been showing a green trend so far today with a performance of 13.14% on intraday trading today. The performance over the last five days has remained in the green territory. The company’s shares are currently up 30.90% year-to-date, but still up 21.92% over the last five days. On the other hand, Squarespace Inc (NYSE:SQSP) is 18.09% up in the 30-day period.
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The consensus price target as assigned by Wall Street analysts is $38.89, which translates to bulls needing to decrease their stock price by -11.11% from its current value. Analyst projections state that SQSP is forecast to be at a low of $21 and a high of $70.
Squarespace Inc (SQSP) estimates and forecasts
Squarespace 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 risen 52.15 percent over the past six months and at a 1,120.00% annual growth rate that is well above the industry average of 23.10%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 300.00% in revenue this quarter, and will report an increase of 225.00% in the next quarter. The year-over-year growth rate is expected to be 18.70%, up from the previous year.
Consensus estimates provided by 17 financial analysts predict the company will bring in an average of $292.44 million in revenue for the current quarter. 17 analysts expect Squarespace Inc to make $306.01 million in revenue for the quarter ending Sep 2024. The company’s sales for the same quarters a year ago were $247.53 million. Analysts predict that the company’s current quarter sales will jump, forecast at 18.10%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 59.30%. Squarespace Inc earnings are expected to increase by 20.60% in 2024, but the outlook is positive 11.20% per year for the next five years.
