Square, Inc. (SQ)’s Earnings Report to Be Released on August 5th

The SQ stock price fluctuated between $244.35 and $254.36 throughout the trading session with the volume trading being 7M shares, which represented a negative variation when compared to the three months average volume of 9M shares.

The share price of Square, Inc. (NYSE:SQ) dipped -3.14% to close Friday’s market session at $247.26, lower as compared to yesterday’s close which brings the market valuation of the company to $112.59B.

The 52-week high for the Square, Inc.’s shares is $283.19. That puts it -12.69% from that peak but still a 83.43% gain since the share price dropped to a 52-week low of $130.26, while the S&P 500’s share price change was of 33.41%.

The company currently has a 345.82 P/E ratio and a price target of $276.7.

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What does the trading volume tell us about the SQ stock?

During the last trading session, Square, Inc. (NYSE:SQ) has seen decay in its daily volume. The daily volume was of 9M, while in the last 10 days the average was 6.25M and last three months – 8.63M.
The decreasing interest in the SQ stock from the investors is helping to drive the stock price down.

Growing short interest

The Square, Inc.’s shares are seeing an increasing short interest compared to the previous month. As of today, there are 31.75M shares being shorted which translates into 4.44 of a short ratio for SQ, while in the previous month the shorted shares were 31.45M.

Square, Inc. (NYSE:SQ)’s financials

With a market cap of 112.59B, Square, Inc. holds a total cash of $4B that translates into $8.77 per share, while the total debt is of $4.2B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 266.20%. The current revenue is of $13.17B that is $29.40 per share.
This is a great sign for a bright future.