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Square (SQ) in Focus: Stock Moves 5.4% Higher
Square, Inc. (SQ - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 35.9% in the past one-month time frame.
The move came after the company introduced the option of buying and selling Bitcoin through its Square Cash app. Also, analysts at Evercore ISI upgraded the company’s rating, which impressed investors.
The company has seen a mixed track record when it comes to estimate revisions of one increase and two decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Square currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Square, Inc. Price
Square, Inc. Price | Square, Inc. Quote
A better-ranked stock in the Internet - Software industry is AppFolio, Inc. (APPF - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SQ going up? Or down? Predict to see what others think: Up or Down
Wall Street’s Next Amazon
Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.
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