Considering all key technical indicators, a 72% Sell signal has occurred for Square, Inc. (NYSE:SQ). The stock is also flashing a Sell from the Barchart TrendSpotter trading system. Traders hoping to speculate on the SQ’s short-term trajectory should know that short terms indicators for the stock averaged 60% Sell with an average daily trading volume over the past 20 days at 18495674 shares. SQ stock has overall a 0.5% Sell signal considering medium term indicators and the 50-day average daily volume remained almost 19306857 shares. It’s also worth noting that the stock, whose average daily volume over the 100 days prior to this writing was shares, is 100% Sell on the basis of long term indicators.
The share price is currently staying around the first support level of $62.03. Below this, the next support is placed in the zone of $58.36. Till the time, the SQ stock trades above this level, bulls have nothing to fear. On momentum oscillators front, ‘RSI’ has touched 42.99 on daily chart, which may remain a cause for concern. If the price breaks below $58.36 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $67.53 mark may result into a pull-back move towards $69.36 level.
Square, Inc. (SQ) is projected to climb by 32.17 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $115-month high price target. This represents a whopping 75.06 percent increase from where shares are trading today. The 12-month median price target assigned by the analysts stands at $90, which represents a return potential of 37.01 percent when compared to the closing price of the stock of $65.69 on Thursday, December 06. The lowest price target for the stock is $30 — slightly more than -54.33 percent from SQ’s current share price.
Here’s a rundown of insider trading activity for sense of Square, Inc. (NYSE:SQ). The earliest insider trade took place on 12/03/2018. Reses Jacqueline D parted with a total of 15 thousand shares of company at average share price of $71.83. The total for the sales was set at $1.08 million. After this transaction, the Capital Lead account balance stood at 427.44 thousand shares. The stock lost -8.55 percent since that insider sale. On 12/03/2018, Meeker Mary G, Director, sold 11.72 thousand shares at a price per share of $71.43. This removed 837.09 thousand shares from the insider’s fortune and the stock saw a -8.04 percent retreat in value since the news became public. This transaction left 1.62 million shares in the Director account. On 12/03/2018, Chief Accounting Officer Dale Ajmere performed a sale transaction worth $146.96 thousand. This sale at $71.76 each has eliminated 2.05 thousand shares from the insider’s portfolio position. Meanwhile, shares have recorded -8.46 percent decrease since the transaction was reported. The insider now is left with 82.54 thousand shares remaining in the account. Dorsey Jack, who performs the President, CEO & Chairman, 10% Owner job, sold 103.04 thousand shares for $6.82 million. The disposal occurred on 11/28/2018 was priced at $66.2 per share. The share price plunged -0.77 percent since the reporting date. Dorsey Jack now left with a stake of 0 thousand SQ stock worth $0 thousand after the insider selling.
SQ shares accumulated 2.18 points or 3.43 percent on Thursday to $65.69 with a heavy trade volume of 23.187 million shares. After opening the session at $61.51, the shares went as high as $65.7 and as low as $60.2, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $27.2 billion and now has 413.85 million shares outstanding. Square, Inc. (SQ) stock has lost -12.43 percent of market value in 21 trading days.
Analysts at Piper Jaffray lifted target price for shares of Square, Inc. (NYSE:SQ) but repeated their Neutral recommendation for the stock in their opinion released on November 08. The price target has been raised from $94 to $92. Needham analysts again handed out a Buy rating to SQ stock but they lifted target price for the shares in a flash note to investors on November 08. The price target has been raised from $75 to $95. Needham, analysts launched coverage of SQ stock with a Buy rating, according to their flash note to investors on November 08. Analysts at Mizuho are sticking to their Buy recommendation. However, on November 08, they lifted target price for these shares to $95 from $90. Analysts at Mizuho, made their first call for the stock with a Buy rating, according to a research note that dated back to November 08.
SQ stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.08 a share in the trailing twelve months. The stock’s value has surged 89.47 percent year to date (YTD) against a rise of 74.71 percent in 12 month’s time. The company’s shares still trade -35.06 percent away from its 1-year high of $101.15 and 92.41 percent up from 52-week low of $34.14. The average consensus rating on the company is 2.5, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a sell.
Shares of Square, Inc. (SQ) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry SQ operates in has an average P/E of 34.45. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 9.12 on the Price-to-Sales ratio. Compare this with the industry average P/S of 5.54. 39 percent is the gross profit margin for Square, Inc. and operating margin sits at -1.6 percent. Along with this, the net profit margin is -0.9 percent.
SQ will be declaring its Q4 financial results on February 27. Analysts are forecasting revenue to climb 60.2 percent to $453M in the next fiscal quarter, while earnings are seen soaring by nearly 75 percent to $0.14 per share. History has shown that shares in Square, Inc. have gone up on 7 different earnings reaction days and are predicted to add 0.07 percent when the company reports upcoming earnings. In last reported earnings results, it earned $0.13 per share, better than the $0.11, adjusted, expected by Thomson Reuters consensus estimate. Revenue was $431M, better than the $414M analysts expected. Earnings are estimated to increase by 66.9 percent this year, 56.86 percent next year and continue to increase by 52.25 percent annually for the next 5 years.