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Is Block Stock a Buy?

TheMotleyFool 
0 0 09.06.24
Is Block Stock a Buy?Photo, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Shares of Block (NYSE: SQ) have been drawing attention for all the wrong reasons lately. They are currently 77% off their all-time high, a milestone that was reached in August 2021 during that year's raging bull market.

I'm sure investors are wondering if this fintech stock can one day reclaim its former glory. Is Block a smart buying opportunity right now?

You wouldn't be able to tell from the stock's performance, but Block continues to grow at a solid clip. After posting a gross profit gain of 25% in 2023, the company reported a 22% increase in the first quarter of 2024 (ended March 31). Both Square and Cash are expanding at double-digit clips.

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Source Fool.com

Square Inc. Stock

€70.45
-1.880%
A loss of -1.880% shows a downward development for Square Inc..

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