Trending stocks today
Block Inc (SQ-N)
284 watching
NYSE:SQ
67.77
5.66
(9.11%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
Nov 30, 2022, 9:01 pm
0
PAST TOP PICK
(A Top Pick Nov 10/21, Down 73%) Recent market selloff very hard on tech companies.
Has since sold shares.
Higher interest rates very hard on tech companies valuation.
Not making enough profits.
0
$60.110
No
DON'T BUY
They have a coherent, terrific strategy, but the stock just went up too high. Expect downside and volatility.
0
PAST TOP PICK
(A Top Pick Sep 09/21, Down 67%) Fallen from grace. Reporting soon. Doesn't expect an earnings miss, as estimates have been revised down so significantly. Topline contraction, severe earnings drop for Q2. Still has a long growth runway. Total addressable market of $200B. A disruptor. Likes the company, but he sold. (Analysts’ price target is $83.50)
0
DON'T BUY
Buy now, pay later stocks: Affirm, Upstart, Block and Paypal Upstart is down 92% from its high, Affirm 89%, Block 78% and PayPal 76%. Some of this is due to these stocks being massively massively overpriced to begin with. At peak, Affirm was trading at 30x sales (not earnings), and it won't be profitable before 2026. Block and PayPal are profitable, but were trading at sky-high multiples last year (170x PE and 65x respectively). The market hates the buy-now, pay-later stocks because they don't make money (though are well-run). He liked Upstart early on; it wasn't a buy-not,pay-later story, but helped facilitate loans using technology. But Upstart took on far more credit risk than assumed, which upset him. The business models of these stocks were far better when interest rates were low. Also, more competitors have rushed in now. The lesson: don't be caught up in euphoria. Earnings, valuations and interest rates matter.
0
DON'T BUY
Whole payment side has struggled, very competitive. Innovation in the space, especially in Europe. If you don't want to sell, write some calls to make some money. Ability to innovate, but they'll need to look to the future. Look at ADYEN, it's on the cutting edge of "real-time rails".
0
SELL
He sold it. He graded it a D for its high 266x earnings. Also, he didn't like that 57% of their revenue comes from crypto fees; he expects these fees to decline. Third, their long-term debt increased from $2.6 million to $4.6 billion in one year. Four, earnings expectations are declining.
0
BUY
She added to Block. Consumer balance sheets remain strong, despite slowing purchases in electronics and other big-ticket items. What to do? She is adding to her position. Block is undervalued in terms of fundamentals and sentiment. It's a quality name that will weather this storm long term
0
SELL
He sold it at $250 when it was losing momentum. He doesn't see anything to tell him that Block's shares will reverse and bounce. It's an ugly chart.
0
PARTIAL SELL
Block is incorporating Bitcoin into its system. His problem with Block is that its PE is still very high. Shares jumped 11% today, so take some profits if you own this.
0
BUY
We're hitting strong technical resistance on the Nasdaq and S&P. The latter has had a huge run; she targets 14,800-15,000 where it will hit strong headwinds. As a trader, she isn't adding fresh trades on high-growth stocks. However, look at Block/Square, which is up 40% compared to PayPal which she owns which hasn't moved that much at all. At some point, markets will make new highs, so which stocks will have more strength. Also look at Nvidia. Once this market gets going you will want to be in this name and Block.
0
DON'T BUY
Company run by excellent management team (Jack Dorsey).
Challenge for company is that cryptocurrency trading not as robust.
Competitors such as VISA taking investment away from company.
Would rather invest in VISA and Mastercard.
0
TOP PICK
Previously known as Square. Soared 8% yesterday. Heavily investing in fintech and Bitcoin but still cash-flow positive. Recently acquired a buy-now, pay-later app. Jim Cramer and Jamie Murray recently gave a BUY signal. Social media mentions are up 975% over the past 24h.
0
BUY
A Covid winner and now a post-Covid buy Now known as Block. The app is brilliant and easy to use, now includes a buy-now and pay-later option after an acquisition of an app. Share recently surged 26%.
0
BUY on WEAKNESS
Believes electronic payment sector hit hard with increase in interest rates.
Earnings growth rates not as large.
Competitive space with many companies(PayPal, Visa etc.).
Concern for future margins.
Wait for more stability in market before buying shares.
0
COMMENT
Believes is very innovative company, and Jack Dorsey is very competent.
Hard to know future of the company. In the right space, yet highly valued.
Higher valuations and competitive marketplaces not congruent for very long.
If there is a market pullback, could be hard on the companies stock.
0
Block Inc(SQ-N) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 6
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 9
Total Signals / Votes : 15
Block Inc(SQ-N) Frequently Asked Questions
What is Block Inc stock symbol?
Block Inc is a American stock, trading under the symbol SQ-N on the New York Stock Exchange (SQ). It is usually referred to as NYSE:SQ or SQ-N
Is Block Inc a buy or a sell?
In the last year, 15 stock analysts published opinions about SQ-N. 6 analysts recommended to BUY the stock. 9 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Block Inc.
Is Block Inc a good investment or a top pick?
Block Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Block Inc.
Why is Block Inc stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Block Inc worth watching?
15 stock analysts on Stockchase covered Block Inc In the last year. It is a trending stock that is worth watching.
What is Block Inc stock price?
On 2022-11-30, Block Inc (SQ-N) stock closed at a price of $67.77.
