Financial-technology stock Block (NYSE: SQ) has completely fallen out of favor with the market. In 2021 (back when its name was still Square), its price surpassed $281 per share. As of this writing, it's down more than 60% from that price as investors question the company's future growth potential.
If you're wondering about Block's future ability to outperform the market average, consider this: In 2021, just 3.3% of the company's overall revenue came from outside of the U.S. This means that if Block is going to remain a growth company, it will need to see progress in international markets. And investors are starting to see a glimmer of hope in this area.
Image source: Block.
For further details see:
Just 3% of Block's business Could Be the Key to Future Market-Beating Returns