This Bargain Stock Is the Cheapest It's Been in Years
Financial services conglomerate Block (NYSE: SQ), formerly known as Square, has become an innovator when it comes to digital payments. The business rose to prominence by allowing small merchants to accept card payments. Now, Block has become a meaningful presence when it comes to individual consumers as well.
Shares of Block trade down about 73% from an all-time high closing price of $281.81 set in August 2021. The stock currently trades at a price-to-sales (P/S) ratio of 2.4, which is significantly cheaper than the stock's average historical P/S multiple of 6.2. This might be a potential buying opportunity for investors.
In fact, Block looks like a bargain stock right now. Here's why it could be a compelling addition to your portfolio.
Source Fool.com
Square Inc. Stock
Square Inc. is currently one of the favorites of our community with 6 Buy predictions and no Sell predictions.
With a target price of 85 € there is a hugely positive potential of 51.27% for Square Inc. compared to the current price of 56.19 €.
