Is Block Stock a Buy?
The S 500 index continues to ascend to new highs, but that doesn't mean you can't find stock deals. Block (NYSE: SQ) is one stock that has failed to bounce back with the broader market and remains down 75% from its all-time high price from a little over two years ago.
Block is taking steps to achieve sustainable growth and better profit margins, an initiative that will take a couple of years to achieve. The company has shown solid progress thus far, but is it enough for investors to buy the stock today?
Block specializes in helping people and businesses move money around. Its early product was the Square point-of-sale system, which helps small businesses process payments and manage sales. A few years later, the company released Cash App, which allows people to easily send and receive money, make direct deposits, and buy and sell stocks and Bitcoin.
Source Fool.com
