AI Trading NYSE Thu, 21 Sep

Dear Reader,

Our featured asset today is SQ: Block Inc. According to our AI strategy, trading between 2021-02-17 and 2023-02-03 with this asset could have resulted in a 261.85% return. On average, the trades made 37.41% and lasted 67.0 days in the long position. There were a total of 7.0 positions taken over the period. The trading idea suggests that SQ is a STRONGBUY since 2023-09-20 at a buy price target of 54.62. This prediction is based on a model that has an overall accuracy of 0.68 when predicting an upward trend in the following 2 weeks, historically. The analyst consensus price target is 90.19.

Company Overview
Block Inc, a leading provider of software and services, is a San Francisco-based company that provides tools to allow merchants to accept card payments, as well as reports and analysis, and next day settlement. The company’s stock symbol is SQ, and is traded on the NYSE. It has a market capitalization of $4.5 billion, and its current share price is 54.62 as of September 20th, 2023.

Historic Company Performance
Block Inc has had a tumultuous history. In its most recent quarter, the company reported a loss of $118.5 million, and a profit margin of -0.03%. Additionally, its revenue per share came in at $31.13, and its diluted EPS was -$0.167. The company’s return on equity was -5.18%, and its return on assets was -1.09%.

Share Price Performance
Block Inc’s share price has been volatile over the past year. It has traded as low as 51.34 and as high as 149.00. Currently, the company’s share price is 54.62. This is a slight increase from the 50-day moving average of $70.89, and the 200-day moving average of $70.79. The company’s price to earnings ratio is -, its price to sales ratio is 2.175, and its price to book ratio is 2.583. Additionally, its EV to revenue ratio is 2.316, and its EV to EBITDA ratio is -205.63. The company’s beta is 2.331.

Symbol: SQ
AssetType: Common Stock
Name: Block Inc
Description: Square, Inc. creates tools that allow merchants to accept card payments; they also provide reports and analysis, and next day settlement. The company is headquartered in San Francisco, California.
CIK: 1512673
Exchange: NYSE
Currency: USD
Country: USA
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 44992890000
EBITDA: -118519000
PERatio: 104.91
PEGRatio: 1.931
BookValue: 27.66
DividendPerShare: 0
DividendYield: 0
EPS: -0.926
RevenuePerShareTTM: 31.13
ProfitMargin: -0.0297
OperatingMarginTTM: -0.022
ReturnOnAssetsTTM: -0.0109
ReturnOnEquityTTM: -5.18
RevenueTTM: 16959219000
GrossProfitTTM: 4419823000
DilutedEPSTTM: -0.167
QuarterlyEarningsGrowthYOY: -0.998
QuarterlyRevenueGrowthYOY: 0.174
AnalystTargetPrice: 90.19
TrailingPE: –
ForwardPE: 43.86
PriceToSalesRatioTTM: 2.175
PriceToBookRatio: 2.583
EVToRevenue: 2.316
EVToEBITDA: -205.63
Beta: 2.331
52WeekHigh: 149
52WeekLow: 51.34
50DayMovingAverage: 70.89
200DayMovingAverage: 70.79
SharesOutstanding: 537420000
DividendDate: None
ExDividendDate: None

Date Symbol Prediction Model Accuracy Price Target Analyst Target
2023-09-20 SQ STRONGBUY 0.68 54.62 90.19
2023-08-31 SQ MEDIUMBUY 0.68 56.83 90.19

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The Third Perspective Team