Will Square, Inc. (SQ) Go Down Anytime Soon?

March 14, 2018 - By Stephen Andrade

The stock of Square, Inc. (NYSE:SQ) is a huge mover today! The stock increased 5.36% or $2.78 during the last trading session, reaching $54.61. About 21.86M shares traded or 44.94% 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.
The move comes after 7 months positive chart setup for the $21.65B company. It was reported on Mar, 14 by Barchart.com. We have $57.89 PT which if reached, will make NYSE:SQ worth $1.30 billion more.

Analysts await Square, Inc. (NYSE:SQ) to report earnings on May, 2. They expect $-0.04 earnings per share, down 33.33 % or $0.01 from last year’s $-0.03 per share. After $-0.03 actual earnings per share 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. Suntrust Robinson initiated the stock with “Neutral” rating in Thursday, February 11 report. KeyBanc Capital Markets maintained the shares of SQ in report on Monday, November 6 with “Overweight” rating. Deutsche Bank maintained the stock with “Hold” rating in Thursday, August 4 report. The rating was maintained by Barclays Capital with “Overweight” on Thursday, August 3. Credit Suisse upgraded Square, Inc. (NYSE:SQ) on Wednesday, November 2 to “Outperform” rating. The firm earned “Hold” rating on Thursday, August 3 by Canaccord Genuity. The firm has “Buy” rating given on Tuesday, October 31 by Nomura. The stock of Square, Inc. (NYSE:SQ) earned “Neutral” rating by Compass Point on Friday, April 15. The firm earned “Hold” rating on Monday, December 14 by Deutsche Bank. Evercore maintained the stock with “Hold” rating in Thursday, August 4 report.

More notable recent Square, Inc. (NYSE:SQ) news were published by: Investorplace.com which released: “You Still Have a Chance to Buy Square Inc Stock” on March 13, 2018, also Investorplace.com with their article: “3 Reasons Not to Even Consider Buying Square Inc Stock for Now” published on March 08, 2018, Seekingalpha.com published: “Square Assembles An Army Of Services” on March 12, 2018. More interesting news about Square, Inc. (NYSE:SQ) were released by: Investorplace.com and their article: “This Is a Reality Check for Square Inc Stock” published on March 06, 2018 as well as Bloomberg.com‘s news article titled: “Square Tops Sales Estimates on Gain From Broader Services” 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 $21.65 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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