Could Square, Inc. (SQ) Lose its Strength? The Stock Reaches All-Time High

March 14, 2018 - By Graig Alexander

The stock of Square, Inc. (NYSE:SQ) reached all time high today, Mar, 14 and still has $56.24 target or 4.00 % above today’s $54.08 share price. This indicates more upside for the $21.44 billion company. This technical setup was reported by If the $56.24 PT is reached, the company will be worth $857.40M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock increased 4.34% or $2.25 during the last trading session, reaching $54.08. About 18.63M shares traded or 23.56% up from the average. Square, Inc. (NYSE:SQ) has risen 107.40% since March 14, 2017 and is uptrending. It has outperformed by 90.70% the S&P500.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on May, 2. They expect $-0.04 EPS, down 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.03 actual EPS reported by Square, Inc. for the previous quarter, Wall Street now forecasts 33.33 % negative EPS growth.

Square, Inc. (NYSE:SQ) Ratings Coverage

Among 39 analysts covering Square Inc (NYSE:SQ), 21 have Buy rating, 1 Sell and 17 Hold. Therefore 54% are positive. Square Inc had 114 analyst reports since November 20, 2015 according to SRatingsIntel. The firm has “Buy” rating by Guggenheim given on Tuesday, December 20. The rating was initiated by Jefferies on Monday, December 14 with “Buy”. Goldman Sachs initiated Square, Inc. (NYSE:SQ) on Monday, December 14 with “Buy” rating. The stock has “Hold” rating by Canaccord Genuity on Thursday, February 23. The rating was initiated by Barclays Capital on Monday, December 14 with “Overweight”. On Wednesday, November 8 the stock rating was maintained by Canaccord Genuity with “Hold”. SunTrust maintained it with “Neutral” rating and $13 target in Thursday, August 4 report. Canaccord Genuity maintained Square, Inc. (NYSE:SQ) rating on Thursday, August 3. Canaccord Genuity has “Hold” rating and $2600 target. Needham initiated it with “Buy” rating and $17 target in Friday, December 16 report. Keefe Bruyette & Woods maintained the shares of SQ in report on Wednesday, September 6 with “Hold” rating.

More notable recent Square, Inc. (NYSE:SQ) news were published by: which released: “Square Assembles An Army Of Services” on March 12, 2018, also with their article: “This Is a Reality Check for Square Inc Stock” published on March 06, 2018, published: “Why Square Inc (SQ) Stock Is Soaring Today” on March 05, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: and their article: “The case for American Express” published on March 09, 2018 as well as‘s news article titled: “Square wants to build out app that accepts bitcoin, but spending plans stall stock” with publication date: February 27, 2018.

Square, Inc. develops and provides payment processing, point-of-sale , financial, and marketing services worldwide. The company has market cap of $21.44 billion. It provides Square Point of Sale, a POS application software that offers managed payments solutions and advanced software products, including Square Dashboard, a cloud reporting and analytics tool that provides sellers with real-time data and insights about sales, items, customers, and employees; Square Payroll, which empowers sellers to hire, onboard, and pay employees and the associated taxes; and customer engagement tools that help sellers to enhance their business through digital customer feedback, marketing, and loyalty programs. It currently has negative earnings. The firm also offers in-person/card present payments solutions, such as magstripe readers, contactless and chip readers, and chip card readers; and Square Stand that transforms an iPad into a POS terminal.

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