PM ImagesIntroduction We’ve done a lot recently to reduce our costs. Now we’re going to focus on growth. (Block FY2023 Q4 Shareholder Letter) That pretty much sums up Block's (NYSE:SQ) Q4 earnings results — Block has restructured its organization in such a way that it is well-positioned to drive profitable growth for years to come. Furthermore, management issued strong 2024 guidance, which sent the stock higher following earnings. However, the stock has withered over the past few months as the broad ...

Square has expanded the availability of offline payments to every hardware device, in every country.The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to a growing number of units over that time, and now offers it across the entire Square hardware lineup, Square said in a Tuesday (April 23) press release.With the latest expansion, nearly 90% of hardware sellers can take offline payments, according to the release.“Whether in a remote location or fac ...

Block Inc logo is seen displayed in this illustration taken, April 10, 2023.Jack Dorsey says that his payments company, Block (formerly Square), is expanding its bitcoin mining ambitions from designing chips to developing a full bitcoin mining system.In a post on Tuesday, the global tech firm announced that it had finished the development of its own standalone three-nanometer bitcoin mining chip and was now in the process of working through the design with a "leading global semiconductor foundry."Block also ...

The most recent trading session ended with Block (SQ) standing at $73.51, reflecting a +0.51% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily loss of 0.58%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 1.15%.The mobile payments services provider's stock has dropped by 7.79% in the past month, falling short of the Business Services sector's loss of 4.36% and the S&P 500's loss of 1.09%.Investors will be eagerly watching f ...

Although it had performed well in 2015 and beyond, this stock crashed heavily in 2022 as the company reported slowing growth and quarter after quarter of financial losses. Overextension into emerging markets, high inflation, and crypto winter stomped its stock price into the ground. However, this dark horse has begun showing signs of recovery and is now racing to the top as its financial status gets better and better.Today’s surprise surge stock is Block, Inc. (NYSE: SQ) and this article will cover its ongo ...

hapabapa Block's Bullish Thesis Remains Intact Block, Inc. (NYSE:SQ) stock has outperformed my expectations since I upgraded SQ to a Buy in early February 2024 before Block's fourth-quarter earnings release. Investors in the Jack Dorsey-led company saw SQ notch a 15% gain against the S&P 500's (SPX) (SPY) 3% upside over the same period. However, like leading fintech player PayPal (PYPL), SQ remains well below its 2021 all-time highs, down nearly 75% from those levels. As a result, investors who chased SQ's ...

Block (SQ) closed the latest trading day at $78.51, indicating a -1.84% change from the previous session's end. This change lagged the S&P 500's daily loss of 0.95%. Elsewhere, the Dow lost 1.09%, while the tech-heavy Nasdaq lost 0.84%.Shares of the mobile payments services provider witnessed a loss of 2.12% over the previous month, trailing the performance of the Business Services sector with its loss of 0.45% and the S&P 500's gain of 1.78%.The upcoming earnings release of Block will be of great interest ...

Fintech stock Block Inc (NYSE:SQ) is 1.8% lower to trade $78.19 this morning, after Morgan Stanley issued a downgrade to "underweight" from "equal weight," along with a price-target cut to $60 from $62. The analyst in coverage cited "high market penetration and limited additional opportunity." On the charts, the stock's 40-day moving average that was pressure for the first two months of the year is getting tested today. The shares have shed nearly 9% over the last week and are now just below their year-to-d ...

RollingCat/iStock via Getty Images Block (NYSE:SQ) shares are up about 34% since I argued the stock was a Buy about a year ago. Today I am confident to reiterate my "Buy" recommendation, as I see my original thesis on Block supported by strong full year 2023 results, with Block managing to score 26% YoY growth, as well as a positive inflection on operating income. Looking into 2024 and beyond, I am encouraged to note Block management's ambition to chase after a $205 billion TAM with an estimated 95% penetra ...

Block's (SQ -1.32%) stock performance in 2020 helped mint a few millionaires. That pandemic-affected year, share prices zoomed higher, rising from $38 to $240.Then everything came crashing down at the end of 2021. In just six months, shares lost more than 80% of their value.Factoring in the decline and the potential this company has, right now is arguably the best time ever to buy Block stock. Two factors in particular stand out. First, shares are remarkably cheap for a company with such impressive growth r ...