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Square(SQ, $223.99) crushes Q1 earnings expectations
Square shares climbed in after-market trading Thursday, following after the company posted earnings beat for the first quarter.
The digital payments company’s adjusted earnings per share came in at 41 cents, handily topping the 16 cents expected in a Refinitiv survey of analysts.
Revenue soared almost four times in the quarter to $5.057 billion, compared to $3.36 billion expected by Refinitiv.
Gross profit climbed +79% year over year to $964 million in the quarter that ended Mar. 31. Cash App gross profit surged +171% from the year-ago quarter to $495 million.
Square generated $3.5 billion in bitcoin revenue, up 11 times year over year. But bitcoin gross profit was $75 million, or approximately 2% of revenue.
Looking ahead, Square estimates gross profit to grow by more than 135% year over year for its seller ecosystem and by approximately 130% year over year for its Cash App, in April. The company expects year-over-year gross profit growth rates to moderate from April to the remainder of the second quarter, on tougher growth comparisons in May and June.
SQ in -6.94% downward trend, declining for three consecutive days on April 27, 2022
Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where SQ declined for three days, in 186 of 246 cases, the price declined further within the following month. The odds of a continued downward trend are 76%.
Current price $79.72 is below $145.81 the lowest support line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -37% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -5%.
SQ moved below its 50-day Moving Average on April 20, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for SQ crossed bearishly below the 50-day moving average on April 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 60%.
The Aroon Indicator for SQ entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where SQ's RSI Indicator exited the oversold zone, 14 of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 40 of 55 cases where SQ's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 73%.
Following a +18.15% 3-day Advance, the price is estimated to grow further. Considering data from situations where SQ advanced for three days, in 297 of 358 cases, the price rose further within the following month. The odds of a continued upward trend are 83%.
SQ may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 73%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.02.
The Tickeron Price Growth Rating for this company is 91 (best 1 - 100 worst), indicating slightly worse than average price growth. SQ’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 86 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.805) is normal, around the industry mean (16.471). P/E Ratio (294.118) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (4.487) is also within normal values, averaging (4.591). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (2.600) is also within normal values, averaging (124.500).
The Tickeron PE Growth Rating for this company is 77 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 67 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SQ’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
The Tickeron SMR rating for this company is 53 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Seasonality Score of 14 (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was -0.42%. For the same Industry, the average monthly price growth was -15.09%, and the average quarterly price growth was -24.39%. LAAB experienced the highest price growth at 126%, while SGNI experienced the biggest fall at -97.03%.
- 5/5/22 4:57 AM: Block (SQ, $106.79) was a top weekly gainer, with a +6.86% jump
- 4/6/22 8:51 AM: Block (SQ, $135.92) was a top loser this week, declining -7.44%
- 2/26/22 6:56 AM: Block (SQ, $119.82) was a top weekly gainer, with a +22.62% jump
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the 15 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 43%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.03.
9 stocks in the group of tickers exhibit a similar negative trend based on the TrendMonth indicator with an average likelihood of 63%.
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Accenture PLC (NYSE:ACN), International Business Machines Corp (NYSE:IBM), Juniper Networks (NYSE:JNPR).
The average market capitalization across the group is 53.6B. The market cap for tickers in the group ranges from 13.2M to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is BLIN at 13.2M.
The average weekly price growth across all stocks in the group was -0.09%. For the same group, the average monthly price growth was -12.84%, and the average quarterly price growth was -28.33%. INUV experienced the highest price growth at 11.53%, while NTWK experienced the biggest fall at -10.32%.
- 5/12/22 5:38 AM: Cisco Systems (CSCO, $48.65) was a top loser this week, declining -5.68%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 4/28/22 6:02 AM: Cisco Systems (CSCO, $49.31) was a top loser this week, declining -7%
The average weekly volume growth across all stocks in the group was -63.16%. For the same stocks of the group, the average monthly volume growth was -36.22% and the average quarterly volume growth was -59.81%
- 3/29/22 5:12 AM: The volume for Bridgeline Digital stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 2/17/22 6:17 AM: The volume for Inuvo stock increased for one day, resulting in a record-breaking daily growth of 459% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
The most notable companies in this group are Cisco Systems (NASDAQ:CSCO), Verizon Communications (NYSE:VZ), Accenture PLC (NYSE:ACN), AT&T (NYSE:T), International Business Machines Corp (NYSE:IBM), SERVICENOW (NYSE:NOW), Shopify (NYSE:SHOP), Block (NYSE:SQ), Palo Alto Networks (NYSE:PANW), Atlassian Corp (NASDAQ:TEAM).
The average market capitalization across the networking Theme is 15.5B. The market cap for tickers in the group ranges from 61.6K to 205.9B. CSCO holds the highest valuation in this group at 205.9B. The lowest valued company is RTNB at 61.6K.
The average weekly price growth across all stocks in the networking Theme was 0.45%. For the same Theme, the average monthly price growth was -13.37%, and the average quarterly price growth was -25.41%. CREX experienced the highest price growth at 30.39%, while DTSS experienced the biggest fall at -29.77%.
- 5/12/22 5:38 AM: Cisco Systems (CSCO, $48.65) was a top loser this week, declining -5.68%. Expect a Downtrend reversal
- 5/11/22 7:46 AM: Inuvo (INUV, $0.35) is a top weekly loser for penny stocks, falling -19.06%
- 4/28/22 6:02 AM: Cisco Systems (CSCO, $49.31) was a top loser this week, declining -7%
The average weekly volume growth across all stocks in the networking Theme was -72.12%. For the same stocks of the Theme, the average monthly volume growth was -57.93% and the average quarterly volume growth was -51.18%
- 3/29/22 5:12 AM: The volume for Bridgeline Digital stock increased for one day, resulting in a record-breaking daily growth of 396% of the 65-Day Volume Moving Average
- 2/17/22 6:17 AM: The volume for Inuvo stock increased for one day, resulting in a record-breaking daily growth of 459% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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