SQ - Square, Inc.

NYSE - NYSE Delayed Price. Currency in USD
67.42
+0.25 (+0.37%)
At close: 4:01PM EST

67.43 +0.01 (0.01%)
After hours: 6:15PM EST

Stock chart is not supported by your current browser
Previous Close67.17
Open67.17
Bid67.28 x 1100
Ask67.52 x 1100
Day's Range66.28 - 67.67
52 Week Range49.82 - 83.20
Volume7,794,728
Avg. Volume8,189,535
Market Cap28.969B
Beta (3Y Monthly)3.37
PE Ratio (TTM)N/A
EPS (TTM)-0.10
Earnings DateNov 6, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est73.03
  • Square Is Poised to Rally for a Retest of Its July High
    TheStreet.com

    Square Is Poised to Rally for a Retest of Its July High

    Jim Cramer said Square remains a terrific financial technology company and should be a part of your portfolio.

  • 3 Business Services Stocks Setting All-Time Highs
    Investopedia

    3 Business Services Stocks Setting All-Time Highs

    Business services stocks have outperformed the market this year. Capitalize on recent momentum by trading three industry leaders.

  • Square and The National Christmas Tree Association Unveil Christmas Tree Calculator That Predicts The Best Day For Consumers To Buy Their Trees
    Business Wire

    Square and The National Christmas Tree Association Unveil Christmas Tree Calculator That Predicts The Best Day For Consumers To Buy Their Trees

    Square, Inc., (SQ) in partnership with the National Christmas Tree Association, released a Christmas Tree Calculator and data report, based on Square sales from thousands of Christmas tree farmers and sellers across the country. Using price fluctuations throughout the holiday season, the calculator helps consumers strategically select the best day to buy their tree, based on their region, how long they plan to keep it, and desired budget. According to Square sales data, the report shows that Christmas tree prices increased 23% from 2015 to 2018, with the average price rising from $62 to $76.

  • Portfolio Rundown: Q3 Earnings Overview
    Zacks

    Portfolio Rundown: Q3 Earnings Overview

    Today we run through multiple earnings report that directly effect our paper trading portfolio's. Lets see if we come out winners!

  • Has Square (SQ) Outpaced Other Computer and Technology Stocks This Year?
    Zacks

    Has Square (SQ) Outpaced Other Computer and Technology Stocks This Year?

    Is (SQ) Outperforming Other Computer and Technology Stocks This Year?

  • MarketWatch

    Facebook is launching a pay system across Facebook, Messenger, Instagram, WhatsApp

    Facebook Inc. just dove into payment systems with a service across Facebook, Messenger, Instagram, and WhatsApp. Facebook Pay, announced in a blog post Tuesday, consolidates its massive social media applications more tightly at a time when politicians and some lawmakers are calling for the company to be broken up. "Facebook Pay is part of our ongoing work to make commerce more convenient, accessible and secure for people on our apps," Deborah Liu, vice president of marketplace and commerce, said in the post. The payment-processing service, considered a competitor to Apple Inc.'s Apple Pay and Square Inc. , begins rolling out this week on Facebook and Messenger. Facebook shares are up 48% this year. The S&P 500 index is up 23% this year. Facebook's shares rose 2.6% on Tuesday, while Square's stock fell 3.5%.

  • SQ Stock: 2020 Investments Will Drive Growth
    Investor's Business Daily

    SQ Stock: 2020 Investments Will Drive Growth

    Square stock once had a great run. But now the controversial fintech is down on its luck. And Wall Street analysts are divided on it. Here's what could make Square stock a buy again.

  • Why Buying Square Stock Looks Better Than Ever
    InvestorPlace

    Why Buying Square Stock Looks Better Than Ever

    Following earnings, is it still hip to be keen on Square (NYSE:SQ)? Let's take a look at what's happened off and on the SQ stock price chart in the report's aftermath to reach a stronger risk-adjusted determination.Source: Jonathan Weiss / Shutterstock.com Mobile payments innovator Square's latest quarterly confessional has come and gone. And with shares largely where they were in front of the report after a decent bout of price volatility, suffice it to say SQ stock still has its share of bulls and bears. But despite investors proving indecisive, my view is that Square stock unequivocally continues to impress.For its third-quarter confessional, SQ stock offered growth-backed and better-than-expected revenues of $602 million. Sales beat consensus views of $596.4 million, increased by 40% year-over-year and were supported by solid growth in the company's Square Cash consumer app and bitcoin transactions. Square stock's earnings also looked smart. Profits of 25 cents per share jumped more than 90% from 2018 and easily topped Street forecasts of 20 cents.InvestorPlace - Stock Market News, Stock Advice & Trading TipsLooking ahead, there is some controversy. The Square story continues to shape up, with management expecting fiscal 2020 revenue and gross profit growth in the low 30% range. The forecast puts SQ stock in a league of its own compared to peer PayPal (NASDAQ:PYPL) or credit card giant Visa (NYSE:V). But guidance is below analyst views.As well, reduced EBITDA margins of 18%, which are flat with 2019 due to higher investment spending, was a concern for some on Wall Street like Instinet's Bill Carcache. At the same time InvestorPlace's Vince Martin is simply concerned guidance isn't enough to offset SQ stock's market premium in a more risk-averse environment. * 7 Large-Cap Stocks to Give a Wide Berth Bottom line, SQ stock is obviously not pleasing everyone, despite overall solid earnings and a report which builds the case that Square stock can sustain strong growth at scale. As well, it goes without saying there's going to be the same kind of disagreement on the SQ price chart where bulls and bears battle it out. Square Stock Monthly Price ChartThree sessions into the post-report period, it's our technical interpretation that the Square chart remains a constructive one.On the monthly view, we can see Square stock is stationed near the high of September's bottoming hammer pattern. Our view is this candlestick is a higher-low pivot within a year-long bullish "W" or double-bottom formation. What's more, the pattern has formed on a successful test of key zone support and stochastics are just now crossing over in oversold territory.In total, the technical situation offers bullish investors the opportunity to buy SQ stock at advantageous prices with the expectation shares will climb from here and eventually break out to fresh all-time-highs in 2020. SQ Stock StrategyMy advice is to simply buy SQ stock today. For a straight-up long stock position, a stop beneath $57 looks like sufficient exposure off and on the price chart. And for other like-minded bulls focused on the long game, an option-based collar is a favored strategy to position for success.Investment accounts under Christopher Tyler's management own positions in Square (SQ) stock and its derivatives, but no other securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional options-based strategies, related musings or to ask a question, you can find and follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Give a Wide Berth * 7 Potential New Stocks That Should Not Go Public * 5 Chinese Stocks to Buy Surging Higher The post Why Buying Square Stock Looks Better Than Ever appeared first on InvestorPlace.

  • 5 High-Beta ETFs & Stocks for a Record Market
    Zacks

    5 High-Beta ETFs & Stocks for a Record Market

    While every corner of the market is enjoying the current ascent, high-beta ETFs and stocks seem a perfect bet at present.

  • Square is dropping an accounting metric after the SEC said it’s not allowed
    MarketWatch

    Square is dropping an accounting metric after the SEC said it’s not allowed

    The payment company is abandoning its practice of offering an adjusted revenue number, a metric that does not conform with Generally Accepted Accounting Principles, or GAAP, the U.S. standard, and that the Securities and Exchange Commission does not allow, as MarketWatch has reported.

  • DoorDash Won Food Delivery by Seizing the Suburbs and $2 Billion
    Bloomberg

    DoorDash Won Food Delivery by Seizing the Suburbs and $2 Billion

    (Bloomberg) -- There aren’t many jobs in Davidson, North Carolina, that offer the flexibility and decent pay that Alfonso Auz was looking for. He tried a bunch of gigs, including driving for Uber, before eventually settling on DoorDash Inc. Auz, 47, usually makes at least $150 a day delivering food from restaurants in his hometown, without having to commute to the nearest job center, Charlotte, 40 minutes away. “I usually turn on the app while I’m still at home,” Auz said.Towns like Davidson are at the center of a strategy that secured DoorDash a firm position atop the U.S. food delivery market, said Tony Xu, DoorDash’s chief executive officer. The suburbs, he said, were underestimated by competitors, giving DoorDash the opportunity to forge nationwide exclusivity deals with the likes of the Cheesecake Factory and Chili’s. “While our competitors focus on the cities, we focused on the suburbs,” said Xu. “That’s how we were able to become the market leader.”The other part of the strategy, according to analysts, rival businesses and venture capitalists, involves a war chest of about $2 billion. That’s how much DoorDash has received from investors in the six years since the business was established, and almost two-thirds of it came in the last 18 months. SoftBank Group Corp., the Japanese conglomerate whose investments have reshaped Silicon Valley, took an interest in DoorDash last year and helped lift the valuation of the unprofitable company to $12.6 billion this past May. Other backers include Sequoia Capital and Singaporean government investment funds.Today, DoorDash is the prime example of SoftBank’s investing philosophy seeming to work as intended. Behind SoftBank’s $100 billion tech fund is the idea that an ample supply of money can propel a company to the top of a market. DoorDash accounts for 35% of online food delivery sales in the U.S., according to Edison Trends, a market research firm. DoorDash’s rise has come at the expense of the other major delivery apps from Uber Technologies Inc., Grubhub Inc. and Postmates Inc., which have all lost share in the last year. DoorDash is in 4,000 towns, compared with 500 cities for UberEats. “DoorDash came out of nowhere,” said Hetal Pandya, an analyst at Edison Trends.Critics say DoorDash followed the SoftBank model down a destructive path of growth at all costs and a backward business model that doesn’t account for profit. DoorDash may find itself unpalatable to public market investors, who have largely turned against big unprofitable stocks. The company has been eyeing an initial public offering next year. “We believe we have the right unit economics to enable us to build a sustainable and profitable business,” said a spokeswoman for DoorDash.DoorDash’s spending has impacted competitors. Grubhub shares fell 42% last week in their biggest one-day drop ever, after the company gave a dismal forecast and published an unusual, 10-page manifesto signed by the CEO and financial chief. In it, they throw shade at competitors, saying Grubhub is the only profitable food delivery business. A week later, Uber reported fewer-than-expected food delivery orders in an otherwise favorable quarter. The stock fell to an all-time low the next day.Fast food restaurants aren’t faring much better. Delivery apps charge restaurants fees, sometimes as much as 30% of sales, which cut into profit margins. That has pushed larger chains to negotiate lower fees in exchange for exclusive agreements, as Shake Shack Inc. did with Grubhub. However, going with the third-place app contributed to an underwhelming quarter and reduced sales targets for the burger chain, whose stock dipped 21% Tuesday. The old-fashioned way of hiring drivers isn’t a reliable option, either. The CEO of Papa John’s International Inc. said Wednesday that a shortage of drivers is forcing the pizza company to work with the app providers.Just a few years ago, DoorDash was struggling to find investors and agreed to cut its share price to raise capital. By late last year, annual sales had tripled. But questions remain about how sustainable the business is. Over the summer, a DoorDash investor prepared an informal presentation arguing the merits of a sale of the company to Uber, according to a copy of the document obtained by Bloomberg.Uber, which also counts SoftBank as its largest shareholder, is sitting on $12.7 billion in cash, and its CEO, Dara Khosrowshahi, told analysts on a conference call this week that the company is open to acquisitions in food delivery. However, Khosrowshahi has also committed to cut spending in service of turning a profit by 2021. Representatives for the companies declined to comment on the prospect of a merger. Mike Walsh, an early Uber investor, said DoorDash is probably too big for Uber to swallow.Instead, DoorDash made a purchase of its own. The company spent $410 million in August for Caviar, a food delivery app owned by Square Inc. “We have a lot of money in the bank,” said Xu, the DoorDash CEO. “We are in no rush to spend it all.”Geographic comprehensiveness comes at no small expense to DoorDash, but it’s what draws many restaurant operators to the app. About 80% of Chili’s locations are in the suburbs, and DoorDash is helping bring in customers who may not otherwise eat there, said Steve Provost, the chief concept officer for Chili’s parent company Brinker International Inc. “The idea of non-pizza delivery in the suburbs is a relatively new phenomenon,” he said.DoorDash’s sprawl throughout American suburbia hasn’t hurt its position in major cities, though. Holly Richards, a 29-year-old executive assistant in San Francisco, said she prefers DoorDash because of its competitive prices, wide selection and, most importantly, its generous refund policy. UberEats would only give her a 20% off coupon when she complained that her Indian dumplings arrived cold, Richards said: “DoorDash is the only company that has offered me a full refund for food that did not arrive in a timely matter.”\--With assistance from Leslie Patton and Lizette Chapman.To contact the author of this story: Candy Cheng in San Francisco at ccheng86@bloomberg.netTo contact the editor responsible for this story: Mark Milian at mmilian@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Square: Avoid This Overpriced Stock
    TheStreet.com

    Square: Avoid This Overpriced Stock

    Because the past several months has been marked by investors' wariness if getting involved in overvalued companies. As a reminder, Square has successfully built and monetized two separate platforms, its Seller ecosystem and its Cash App. For example, within the Seller ecosystem, having recently lowered the price of its hardware, Square Register and Square Terminal, weekly sales have increased by 30%.

  • Strong Q3 Numbers Confirm That Square Stock Will Rebound
    InvestorPlace

    Strong Q3 Numbers Confirm That Square Stock Will Rebound

    It's been a rough past 12 months for shares of payments processor Square (NYSE:SQ), as slowing growth trends coupled with competition and valuation concerns have caused SQ stock to plunge from an all-time high price tag of $100 back in late September 2018, to a $50 price tag in late September 2019.Source: IgorGolovniov / Shutterstock.com But, SQ stock is starting to show signs of life again. In early November 2019, the company reported third-quarter numbers that were much better than expected, and broadly eased slowing growth and competition concerns. Square stock popped about 5% to three-month highs in response to the strong print.Is this post-earnings pop in SQ stock the start of a bigger rebound? Or is it just a head-fake in a stock that's doomed to head lower?InvestorPlace - Stock Market News, Stock Advice & Trading TipsI think it's the former. The strong third-quarter earnings report added further evidence to the notion that this company can simultaneously sustain strong revenue growth at scale, while rapidly improving its margin profile. This combination paves the path for Square to generate robust profit growth over the next few years. Some of that profit growth is priced into SQ stock today. Some isn't. The part that isn't is what will drive SQ stock higher from here.The investment implication? Buy into the Square stock rebound. This stock is heading for $70 soon. Square Earnings Add Credibility to Bull ThesisIn the big picture, Square's third-quarter earnings report was yet another piece of evidence providing support for the bull thesis underpinning Square stock.What is that bull thesis? Thanks to secular growth trends supporting broader adoption of non-cash payments globally, Square is well positioned to deliver sustained strong revenue and profit growth for the foreseeable future. * 7 Beverage Stocks to Stock Up On It may sound like a mouthful. But, when you break it down, it's simple. Consumers everywhere are pivoting to non-cash payments because paying with a card or a phone is so much easier than paying with cash. Businesses globally have to keep up with this pivot. Square builds solutions which allow them to do that. At first, Square simply offered businesses point-of-sale hardware solutions so that they could accept all sorts of non-cash payments. Now, Square has since built out an ecosystem of software offerings complementing the core non-cash payment process, and all of these services feature high gross margins, so scale should ultimately drive big revenues and big profits here.At this point, the numbers tell the story. Gross payment volume through Square's ecosystem rose 25% year-over-year in Q3, following 25% growth last quarter. Adjusted revenue growth was yet again in the 40%-and-up territory. Adjusted EBITDA margins expanded more than 500 basis points year-over-year to record highs, continuing what has been a multi-year stretch of margin improvements. The guide calls for all this to continue next quarter.Square is leveraging product innovation and secular growth tailwinds to sustain big revenue growth at scale and drive margins significantly higher. This trend has been alive for several years now. The more quarters Square turns in like this one, the more likely it appears that this trend will remain alive for the next several years, too. Square Stock Is UndervaluedGiven increased support for the notion that Square will remain a big revenue and profit growth company for a lot longer, SQ stock appears undervalued under $65.The numbers are simple. Global retail sales are projected to grow at a 4%-5% annualized pace over the next few years. In 2019, Square projects to own about 0.42% of the global retail sales pie, up from 0.35% in 2018, 0.28% in 2017 and 0.23% in 2016. Thus, thanks mostly to secular tailwinds underpinning non-cash payment adoption, Square has been able to consistently grow share in the global retail market.This dynamic will continue. Assuming Square continues to expand share at a cadence of 5 to 7 basis points each year, and further assuming that Square's services ecosystem continues to expand and become more valuable in a non-cash dominated world, then Square should easily remain a 20%-plus revenue growth company for the next several years.Profit margins should continue to improve. All of Square's businesses operate at high gross margins. Operating expense growth will be big to support big growth. But, it won't be 20%-plus big. As such, steady 20%-plus revenue growth on top of sub-20% expense growth should drive healthy margin expansion.This combination of 20%-plus revenue growth and steady margin expansion should drive somewhere around 30%-plus profit growth. By my numbers, Square will hit $4 in earnings per share by fiscal 2025. Mature payments companies, like Visa (NYSE:V) and Mastercard (NYSE:MA), trade around 30-times forward earnings. Applying that industry-average multiple to $4 in 2025 EPS, you arrive at a 2024 price target for SQ stock of $120.Discounted back by 10% per year, that equates to a 2019 price target for SQ stock of $75. That's notably higher than where shares trade hands today. Bottom Line on SQ StockSquare stock has been beaten and bruised over the past year, mostly thanks to slowing growth trends giving credence to the idea that competition is killing the Square growth narrative.But, in the third quarter, growth trends stabilized sequentially. This sequential stabilization in growth erodes the bear thesis which has dominated SQ stock over the past year. Instead, it adds credibility to the idea that Square will sustain large revenue growth at scale for a lot longer.With respect to SQ stock, the impacts of this are obvious. If this growth stabilization persists -- and it should -- the past year's selloff in SQ stock, could turn into a rally over the next year.As of this writing, Luke Lango was long SQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Strong Q3 Numbers Confirm That Square Stock Will Rebound appeared first on InvestorPlace.

  • Square (SQ) Catches Eye: Stock Jumps 5%
    Zacks

    Square (SQ) Catches Eye: Stock Jumps 5%

    Square (SQ) saw a big move last session, as its shares jumped 5% on the day, amid huge volumes.

  • A One Day Earnings Rally Might Be All Square Stock Will Get
    InvestorPlace

    A One Day Earnings Rally Might Be All Square Stock Will Get

    Square (NYSE:SQ) had an intriguing bull case heading into its earnings release on Wednesday afternoon. Coming out of the Q3 report, Square stock admittedly still has that bull case.Source: Jonathan Weiss / Shutterstock.com The problem, however, is that earnings don't look quite strong enough to be the huge catalyst for which bulls were hoping.So far, SQ stock has avoided the fate which befell it after the last three quarters. But an 8% rally seems to price in the news for the quarter -- which means hoping for a rally back to 2018 highs of $100 might be too much to ask for.InvestorPlace - Stock Market News, Stock Advice & Trading Tips SQ Stock Holds up After EarningsFrom a headline perspective, earnings would seem bearish for SQ stock, at least if history is any guide. Both adjusted earnings per share (by 5 cents) and revenue (by a little over $5 million) came in ahead of analyst estimates. But guidance for the fourth quarter was below consensus on both lines. * 7 Stocks to Sell Before They Roll Over That's exactly how the last three quarters played out. And each time, Square stock plunged, falling 14% after the Q2 release, 8% after Q1, and 6% (over three sessions) following the Q4 report at the end of February.This time, however, SQ stock actually gained 1.3% in after-hours trading. And the differing response does make some sense. For one, investors may finally have realized that Square guides conservatively. Second, the company's sale of Caviar to DoorDash is having a larger effect on revenue than projected, which explains the soft top-line outlook for the fourth quarter.This time around, the combination of an earnings beat and soft guidance has moved SQ stock up some 8%. That's a nice gain in context: fellow growth name Roku (NASDAQ:ROKU) had a seemingly spectacular quarter and saw its shares plunge in after-hours trading. At least in terms of the initial reaction, investors seem at least content with Square's report. The Details Look MixedIt's also possible that investors are looking beyond the headline numbers -- and there were some interesting developments in the quarter.On the positive side, Square gave yet more detail on its Cash App product. Cash App seems to be competing well against PayPal Holdings' (NASDAQ:PYPL) Venmo, and apparently it still is.According to figures from the Q3 shareholder letter, Cash App revenue excluding bitcoin in the quarter was $159 million. PayPal said after its Q3 that Venmo had reached an annual revenue run rate just shy of $400 million -- or less than $100 million a quarter.Cash App thus seems to be outperforming Venmo. Square is seeing profits on that revenue too, with gross margins near 80%. Meanwhile, Square is adding new functionality to the app including fractional stock ownership, allowing it to compete with well-known start-up Robinhood and traditional discount broker Charles Schwab (NYSE:SCHW), which itself is launching fractional ownership.Cash App performance seems like good news. But initial preliminary guidance for 2020 might shake investor confidence. Square said its EBITDA margins for 2020 would be roughly flat to the ~18% it expects this year.Combined with a guided revenue increase in the "low 30s" on a percentage basis, that suggests EPS growth next year likely below current Street estimates, which project a 41% increase.That projected revenue growth is about in line with expectations (the consensus estimate is for 33% growth). But part of the pressure on SQ stock, which still is down 38% from 2018 highs, has come from increasing fears that competition is catching up.Square management positioned the lower margins as due to sales and marketing spend needed to drive growth -- an investment that will pay for itself in a matter of quarters. But some investors may worry that the spend is what's needed to differentiate the company in an increasingly crowded space. The Bottom Line on Square StockAgain, Square stock is cheaper, but one concern at the moment is that it isn't necessarily cheap. The 2020 consensus EPS still suggests a 60x forward multiple, and next year's estimates may come down after this quarter's commentary.Even backing out cash, price to 2020 revenue is over 4x on a GAAP basis, and around 8x using the company's 'adjusted' figure which will be discontinued after Q3. Adjusted revenue excludes transaction costs and bitcoin revenue, both of which offer minimal gross profit. In fact, Square made just $2 million in gross profit on bitcoin sales in the quarter.In the market of the last few years, those multiples don't necessarily stand out. But clearly investors have had some worries about SQ's valuation of late -- and those worries have spread to other growth stocks. Shopify (NYSE:SHOP), to which SQ stock often is compared, trades 25% below late August highs. Formerly high-flying cloud names have pulled back as well.For that reason, I argued ahead of earnings that the relatively flat trading in Square stock was bullish. It certainly seemed to give Square an opportunity to deliver an earnings release that could re-ignite optimism toward its stock. An 8% rally suggests that case did play out. The problem is that I'm skeptical there's enough in Q3 to keep that rally going.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post A One Day Earnings Rally Might Be All Square Stock Will Get appeared first on InvestorPlace.

  • Should Long-Term Investors Buy Square Stock?
    InvestorPlace

    Should Long-Term Investors Buy Square Stock?

    On Nov. 6, digital payments company Square (NYSE:SQ) released its third-quarter financial results.Source: Jonathan Weiss / Shutterstock.com Square stock has been at the forefront of the fintech (financial technology) revolution. Both the company and the owners of SQ stock have been benefiting from the disruptive shift from physical money to digital financial services and products.In 2019, the SQ share price is up about 15%. In the wake of the Q3 results, I believe that the owners of Square stock may have to reset their overly optimistic growth and share price expectations for the rest of the year. In the coming weeks, I'd be a buyer of SQ stock below $60, especially if Square stock approaches or goes below $55. Here are the important fundamental and technical issues that are affecting SQ stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Analyzing Square's Q3 ResultsSquare's Q3 revenue and earnings came in above analysts' average outlook. However, the company lowered its full-year guidance. * 3 Positive Market Signals for the Rest of 2019 Its total revenue increased 44% year-over-year to $1.27 billion. Its earnings per share, excluding certain items, was 25 cents, beating the average forecast of 20 cents.The company's quarterly gross payment volume (GPV), or the total volume of payments the company processes, increased 25% YoY to $28.2 billion.Management noted that Square Terminal and Square Register, SQ's newest hardware solutions, are enabling the company to cater to larger businesses, helping drive up Square's GPV. When SQ reports its Q4 results, investors are likely to continue to pay attention to this number.The Q3 report once again confirmed that SQ stock is growing rapidly, thanks to its seller ecosystem and Square Cash, the company's consumer digital money transfer service.In general, growth stocks are far more volatile than market indices or mature companies. Whenever investors feel expectations for growth names need to be toned down, they sell the companies' stocks first and ask questions later.For fiscal year 2020, SQ's management expects low-30% YoY adjusted revenue and gross profit growth. That was viewed as disappointing by investors.Therefore, SQ stock is likely to be choppy in the next few days. Analyzing the Price Action of SQ StockBy analyzing the price action of SQ stock, we can obtain a better view of what to expect from the shares in the coming weeks.SQ stock went on a big tear during the summer of 2018, baking in plenty of euphoria. As a result, the shares have been weak since reaching their all-time high of $99 in late September 2018. Yet, by late December 2018, SQ was hovering around $50.After a highly volatile first half of 2019, on Aug. 1 Square stock hit a recent high of $83.20.However, the rest of August was not a good month for Square stock. That was partly due to its weak Q3 guidance, which surprised investors. On Sep. 24, the shares hit a recent low of $54.41.On Nov. 6, prior to the release of its Q3 earnings, Square stock closed at $61.34. Now the shares are hovering around $65.From a technical perspective, I'm not expecting Square stock to make another significant leg up any time soon. In the next few weeks, SQ stock is likely to be range-bound between $60 and $67.5.The next rally will occur only when long-term investors feel that the price of SQ stock is justified by its future growth expectations. Consequently, investors need to be careful about chasing Square stock at this point. Square Stock Is Still Richly ValuedAlthough the recent decline of SQ stock has made its valuation more attractive, the shares are still richly valued.While SQ already serves many small businesses, Wall Street has questions about whether it can maintain its growth. Especially if the U.S. economy slows, Square's growth may start to decelerate rather quickly.SQ's competition has also increased. Square must now compete with many well-capitalized companies, including the global online-payments company PayPal (NASDAQ:PYPL), Visa (NYSE:V) and Fiserv (NASDAQ:FISV), which is becoming a global-payments giant.The forward price-earnings ratio of SQ stock is over 54. On the other hand, the forward P/E ratios of PYPL, V and FISV stocks are about 29, 28 and 23 respectively.Similarly Square stock's current price-sales ratio is over 6,3. Analysts prefer a low P/S multiple, ideally below 1x. However, a P/S number between 1x and 2x is more common. To put the metric into perspective, the S&P 500's average price-sales ratio is 2.2x.In short, investors are still paying a hefty premium to own SQ stock. Thus, I do not think there is much room for Square stock's valuation to head higher in Q4. Sooner or later, SQ stock's valuation and its revenue growth will be more balanced. So Should Investors Buy SQ Stock Now?Fintech is still developing rapidly in terms of total market capitalization as well as the products and services it offers. And the fintech app revolution is quickly changing the way traditional banks, credit-card issuers and mobile-payments companies work with businesses as well as with their retail customers.Therefore, over the long-term, I would not bet against SQ stock. The shares have generated solid long-term returns, especially for those who invested early in SQ. The company is likely to grow further as the fintech market matures.In the short-term, though, the owners of SQ stock shouldn't expect smooth sailing. I believe the markets are likely to be volatile in the rest of November. Like many momentum plays, Square stock will probably be a battleground between two camps: investors and traders.SQ stock has a high beta of 3.3. The stock market has a beta of 1.0. SQ stock's beta measures its volatility in relation to the market. In other words, SQ rises more than the market in bullish conditions and decreases more when markets are falling.Short-term traders should exercise caution if they want to participate in SQ stock's wide daily swings. The hype surrounding fintech stocks, including SQ, can easily cause them to rise quickly and become overvalued.It is likely that Square stock may fall toward $60 or even $55, At that point, I'd expect SQ stock to start to stabilize and then trade sideways until its next earnings release, expected to occur in early February.In other words, I' wouldn't rush to buy Square stock yet. However, I'd get ready to initiate a position in SQ as the price declines further towards $55.At the time of writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post Should Long-Term Investors Buy Square Stock? appeared first on InvestorPlace.

  • Square Earnings Top Estimates Amid Square Cash, Bitcoin Growth
    Investor's Business Daily

    Square Earnings Top Estimates Amid Square Cash, Bitcoin Growth

    Square Q3 earnings and revenue topped analyst estimates amid solid growth for the Square Cash consumer app. The earnings report sent Square stock up 5% on Thursday.

  • 4 Top Stock Trades for Friday: ROKU, SQ, WYNN, BIDU
    InvestorPlace

    4 Top Stock Trades for Friday: ROKU, SQ, WYNN, BIDU

    As optimism rises for a phase-one trade pact between the U.S. and China, so too does the stock market. The S&P 500, Dow and Nasdaq all notched another new all-time high on Thursday. Let's look at a few top stock trades going forward. Top Stock Trades for Tomorrow No. 1: Roku (ROKU)Shares of Roku (NASDAQ:ROKU) were in the spotlight Thursday, after the company fell more than 17% near the open. That decline comes despite the company reporting better-than-expected quarterly figures.InvestorPlace - Stock Market News, Stock Advice & Trading TipsROKU stock is trying to make a stand, though. Shares are reclaiming the 100-day moving average, the 38.2% retracement and the August gap-up level near $119.The setup here is simple -- just take it one level at a time. * 7 of the Best Internet Stocks to Buy If Roku continues higher, see how it handles the 50-day moving average. Above it and the 23.6% retracement near $141 is in play. Should shares lose the 100-day moving average and 38.2% retracement, its next stop may be $110, followed by the 50% retracement near $101 and the 200-day moving average at $95.50. Top Stock Trades for Tomorrow No. 2: Square (SQ)Square (NYSE:SQ) didn't close at its highs, but it did jump on earnings. However, the stock is running into a roadblock.Shares continue to put in a series of higher lows, forming a nice uptrend (blue line). It's also holding up over its 50-day moving average and 78.6% retracement, right near that uptrend line.Over $64 is constructive, but over $66.50 is certainly more bullish. That would put the stock over a significant level, as well as the 100-day moving average. It opens the door to the 200-day moving average up over $69.Bulls might wait for a move over $66.50, or for a pullback into $61 that holds as support. Below $60 is a no-go. Top Stock Trades for Tomorrow No. 3: Wynn (WYNN)Wynn Resorts (NASDAQ:WYNN) initially recoiled on earnings, but is holding up over its 61.8% retracement near $125.The trade? Below Thursday's low, and the 200-day moving average is in play. Above downtrend resistance (blue line), Wynn shares could really take off. The 78.6% retracement near $135.70 would be the next upside target.Keep it simple. Overly complicated setups or trades with a lot of "technical conflict" can be difficult and choppy. We like clean moves that come off simple setups. Wynn is a prime example. Remember, if this, then that. Top Stock Trades for Tomorrow No. 4: Baidu (BIDU)Shares of Baidu (NASDAQ:BIDU) are rallying to $120 on Thursday. Like Wynn, traders would do best to keep it simple.If it can stay over $120, the June high of $121.80 is on the table. Above that gets Baidu stock up toward a potential gap fill (blue box) and the 200-day moving average over $131.Falling below $120 puts Thursday's low near $115 on the table. Should shares trade below that the latter, a fill down toward $108 is possible, while the 50-day and 100-day moving averages are just below that, between $105 and $107.50.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Sell Before They Roll Over * 5 Beaten-Up Stocks to Buy That Could Be Saved By An Acquisition * 4 Startup Stocks Getting Smashed The post 4 Top Stock Trades for Friday: ROKU, SQ, WYNN, BIDU appeared first on InvestorPlace.

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