|Bid||3,087.00 x 2200|
|Ask||3,090.00 x 900|
|Day's Range||3,036.70 - 3,122.44|
|52 Week Range||1,626.03 - 3,552.25|
|Beta (5Y Monthly)||1.14|
|PE Ratio (TTM)||73.94|
|Earnings Date||Apr 28, 2021 - May 03, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4,010.49|
Consider your growth objectives, risk tolerance, and existing investments before choosing between Square and the Nasdaq for your stock portfolio.
Square's (NYSE: SQ) fourth quarter 2020 earnings report was met with some disappointment on Tuesday after the company revealed that its retail payments platform is growing relatively slowly, and most of its growth is driven by the volatile cryptocurrency Bitcoin. There are a number of confusing trends in Square's earnings report, but one I want to highlight is how important in-store sales have traditionally been to the company. In the fourth quarter, the company grew revenue 141% year over year to $3.16 billion, but the seller ecosystem that's at the core of the business saw revenue grow just 5% to $987 million.
The tectonic shift in consumer behavior toward online shopping was already well underway before the pandemic, but the impact of 2020 will likely lead to permanent changes in shopping patterns that will benefit leading online retailers and digital payment providers. Three stocks ideally positioned to benefit from the continuation of this trend are Amazon (NASDAQ: AMZN), Etsy (NASDAQ: ETSY), and PayPal Holdings (NASDAQ: PYPL). Amazon's sales growth reached a robust 38% last year, but rapid revenue growth was nothing new for it.