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Square (SQ) Stock Analysis: Buy The Dip In SQ Stock?
Since making its all time high of $283.19 in February of this year, Square stock has been able to get back to highs and is now trading at $216.20 (-23.7%).
Earlier this month, Square (#SQ) reported Q1 earnings and beat analyst expectations. The fintech company announced Non-GAAP EPS of $0.41 (beats by $0.25) and revenue of $5.06B (+266.7% Y/Y).
Do the growth numbers warrant a buy on dip? Although shares may be down -23.7%, the company does have a PE of 139.5 with a market cap of $91B. Will the dip keep dipping?
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By Financial MoversSince making its all time high of $283.19 in February of this year, Square stock has been able to get back to highs and is now trading at $216.20 (-23.7%).
Earlier this month, Square (#SQ) reported Q1 earnings and beat analyst expectations. The fintech company announced Non-GAAP EPS of $0.41 (beats by $0.25) and revenue of $5.06B (+266.7% Y/Y).
Do the growth numbers warrant a buy on dip? Although shares may be down -23.7%, the company does have a PE of 139.5 with a market cap of $91B. Will the dip keep dipping?