|Bid||208.27 x 900|
|Ask||208.34 x 900|
|Day's Range||203.74 - 208.95|
|52 Week Range||32.33 - 215.00|
|Beta (5Y Monthly)||2.71|
|PE Ratio (TTM)||315.59|
|Earnings Date||Feb 24, 2021 - Mar 01, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||191.98|
Square Inc's (NYSE: SQ) Cash App is launching a line of clothing, which it is referring to, rather congruously, as "Cash." What Happened: The launch of the apparel collection was announced on Twitter by Cash App.> Introducing our apparel collection, Cash by Cash App. Explore it at https://t.co/RgTLxDBtcc> > Get 25% off with your Cash Card. pic.twitter.com/VPoD6jBAPH> > -- Cash App (@CashApp) December 3, 2020The autumn-winter collection-- made up of leisurewear -- comprises of sweaters and sweatshirts and extends to raincoats and T-shirts ranging from $60 to $200.Square's brightly colored apparel is modeled by some rather unsettling looking 3D models on its website, which rotate 360 degrees in a frenzied manner, or make some questionable dance moves, when you tap on them.Customers who choose to pay using the Cash App can save 25%, according to the company's website.Why It Matters: The Cash App offers payments, banking, a cash card, and investing in stocks and Bitcoin.Last month, Mizuho analyst Dan Dolev upped his price target for the Jack Dorsey-led company from $225 to $300 as Cash App makes its foray into territories where PayPal Holdings Inc (NASDAQ: PYPL) enjoys popularity. Dolev noted that Cash App is broadening its monetization strategy and focusing on its business platform and debit card.In November, it was reported that the app's Bitcoin revenue grew a whopping 1100% in the third quarter.Price Action: Square shares closed 1.75% higher at $205.53 on Thursday.Related Link: Tesla Now Sells Tequila And It Comes In A 0 Thunderbolt-Shaped BottleSee more from Benzinga * Click here for options trades from Benzinga * Analyst Sees Square Hitting 0 On The Back Of Bitcoin-Heavy Cash App * PayPal, Square Gobbling Up All New Bitcoin Supply Fuels Current Price Spike: Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Shares of financial-technology company Square (NYSE: SQ) were up 36.2% in November, according to data provided by S&P Global Market Intelligence. One side powers small businesses (Seller), and the other provides fintech solutions for individuals (Cash App). The real growth came from the Cash App business.