Square Inc. made an agreement to buy Australia's Afterpay for $29 billion. Although SQ's shares fell at first, following the mentioned deal, the company boosted.
Square Inc (SQ) shares are up 10.76% as of Aug 02, 2021, 11:12 AM ET, while S&P is up 0.45%. SQ shares have raised in 2021 by nearly 11.8% while S&P 500 has raised by nearly 18.77%. SQ revealed a yearly performance of 91.48% and moved 1.42%, and -6.34% since last month and last week, respectively.
The stock is 17.49% above its 52 days Simple Moving Average (SMA52). The shorter-term 26 days SMA (SMA26) is 5.75% above the 52 days SMA, signaling an upward trend in the stock price. The current Relative Strength Index (RSI) of the stock, is 52.18, indicating a normal condition on the momentum of the stock price. RSI is a common technical metric to measure the momentum of the stock price and ranges between 0 and 100. Typically, an RSI of 70 or above indicates an overbought condition whereas an RSI of 30 or below signals an oversold condition.
Square Inc (SQ), which was being traded at $143.02 per share a year ago, now is trading at $273.86, implying a rise of 91.48% since a year ago. This year, the stock's record high in the daily timeframe is $283.19. Also, the stock's record low during this period in the daily timeframe is $127.36.
The total revenue of the company in the last quarter, FY2021Q1, was $5.06 B, which experienced 60.09% of quarterly growth. It also experienced 266.17% growth compared with the same period last year. The total revenue of the company was $FY2020Q4 and $1.38 B in 3.16 B and FY2020Q1 respectively. Square Inc's TTM total revenue was $13.17 B in FY2021Q1.
About Square Inc
Square, Inc. engages in the provision of credit card payment processing solutions. The firm offers additional point-of-sale services, financial services, and marketing services. The was founded by Jack Dorsey and Jim McKelvey in February 2009 and is headquartered in San Francisco, CA.