SQ - Block Has More Than Doubled Off Its Lows But I Feel It's Overvalued
2024-04-01 09:00:00 ET
Summary
- Block, Inc. shares have more than doubled since October 2023.
- SQ has a strong balance sheet and potential for growth in the fintech sector.
- However, the company's profitability is a concern, with negative operating income and excessive stock-based compensation.
Since bottoming at the end of October 2023, Block, Inc. ( SQ ) shares have more than doubled. Shares of SQ have appreciated by $45.73 or 117.71% from their lows as they have increased from $38.85 to $84.58 in roughly five months. One of my friends was trying to convince me to invest in SQ as he was very adamant it was undervalued in the $40s. He has been correct, and while I have missed out on the recent gains, I am not convinced about the investment....
Block Has More Than Doubled Off Its Lows, But I Feel It's Overvalued