Over the past 12 fiscal quarters, Square, Inc. (NYSE:SQ) has topped consensus earnings estimates in 8 quarters (66%), missed earnings in 2 quarters (16%), whereas at 2 occasion EPS met analyst expectations. Shares of Square, Inc. (SQ) have dropped -56.8% since the company’s last earnings report.SQ last reported earnings on November 07, 2018 when it released Sep-18 results that exceeded expectations. The company raked in $0.13 per share, -99.2% change on the same period last year. That was better than consensus for $0.11. Revenue for the recent quarter stood at $431.14 million, up 68% on last year and above the $413.88 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $437.1 million to $476 million, which should be compared with $340.66 million generated last year. EPS is seen in a range of $0.12 to $0.16, against the $0.13 reported a year ago.
SQ’s 50 day simple moving average (SMA 50) price is $68.88 and its 200-day simple moving average (SMA 200) price is $66.76. The company’s stock currently has a total float of 307.24M shares. Its weekly volatility is hovering around 7.19% and felt 6.35% volatility in price over a month. On the upside, the share price will test short term resistance at around $54.94. On a downside, the stock is likely to find some support, which begins at $51.11. The failure to get near-term support could push it to $49.72.
Separately, it has been reported that multiple insider activity took place at Square, Inc. (SQ). President, CEO & Chairman, 10% Owner Dorsey Jack sold 103,035 shares in transaction occurred on 2018/12/19. After making this transaction, the President, CEO & Chairman, 10% Owner owns a direct stake of 6,296,469 shares. On 2018/12/17 Henry Alyssa, Seller Lead at SQ, dumped 50,000 shares at an average price of $60.01 per share. The selling total is valued at $22,534,824.
President, CEO & Chairman, 10% Owner, Dorsey Jack had divested 103,035 shares through a trade on 2018/12/12. Following this activity, the insider holds 6,585,997 shares . Wall Street’s most bullish Square, Inc. (NYSE:SQ) analysts are predicting the share price to blow past $115 per share during the next 12 months. The current median share price forecast by them is $86, suggesting that the stock could increase 63.78% in that time frame. The average price target of $83.58 calls for a nearly 59.17% increase in the stock price.
Moreover, it trades for 73.85 times the next 12 months of expected earnings. Also, it is trading at rather expensive levels at just over 19.16x price/book and 7.37x price/sales. Compared to others, Square, Inc. is in a different league with regards to profitability, having net margins of -0.9%. To put some perspective around this, the industry’s average net margin is 11.72%. SQ’s ROE is -2.7%, which is also considerably worse than the industry’s ROE of 15.4%. It’s also very liquid in the near term, with a current ratio of 1.5. The stock has a debt/capital of 0.91.
Square, Inc. (NYSE:SQ) recently claimed $21.98B as the price has approached $52.51. There came a -6.06% decline with the closing bell on Friday. The stock remained range bound between $52.15 and $55.98. Trading activity significantly improved as the volume at ready counter increased to 24,906,921 shares versus 16,828,551 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 13,998,794 shares. The stock is now 53.81% above against its bear-market low of $34.14 on December 22, 2017. It has retreated -92.63% since it’s 52-week high of $101.15 reached in October. Now the market price is up 47.25% on the year and up 51.46% YTD.