2024-01-27 07:50:00 ET
Many high-flying tech-focused enterprises that benefited tremendously from the coronavirus pandemic have since fallen back to Earth. Block (NYSE: SQ) is a great example. Even more discouraging, shares have lost money in the last five years, which is extremely discouraging.
For investors with a long-term mindset, this performance just means now is a good time to reassess the company's situation in terms of its long-term potential. Should investors buy, sell, or hold this fintech stock ?
Block operates two independent ecosystems that have each been successful on their own. The Square segment specifically targets both brick-and-mortar and online-only merchants, providing them with the various tools necessary to not only accept payments, but to smoothly run their operations. And with Cash App, Block has a smartphone-based leading personal finance offering that caters to individuals, with a focus on increasing convenience and improving the user experience.
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Block Stock: Buy, Sell, or Hold?