The company fell 5% at $81.4, a day later reaching its highest level in a year and a half. In general, the actions have increased ~5.2% since the beginning of the year.
The stock is 72% off all-time highs of $289.23.
Looking at Seeking Alpha's quantitative rating, SQ has a Strong Buy rating with a score of 4.88 out of 5. The company received a C+ for profitability and an A for momentum, while its growth outlook and valuation have been rated as A+ and C-. respectively.
As for the Wall Street community, 30 analysts give SQ a Strong Buy, while nine are Buys for the stock. 11 analysts rate it as a Hold and one as a Strong Sell.
Analysts at Seeking Alpha generally view the stock as a Buy.
On Wednesday, Block (SQ)-owned Afterpay added more merchants to its Buy Now, Pay Later network, giving consumers more flexible options when checking out.
“Combined with increasing cross-selling, improving operational scale and strong balance sheet, we believe fintech can deliver higher bottom-line performance going forward,” said SA contributor Juxtaposed Ideas.
On February 23, the company's shares closed up 16.13%, after it boosted its full-year 2024 adjusted core earnings guidance above Wall Street expectations.
