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. 

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Source Fool.com