Jack Dorsey’s Square Now Boasts of Nearly 150% in 2020 Stock Gains

2020-8-28 19:25

Coinspeaker
Jack Dorsey’s Square Now Boasts of Nearly 150% in 2020 Stock Gains

On Thursday, the stock price of American financial services provider, Square Inc (NYSE: SQ) jumped more than 5% in early trading. Later in the day, SQ was still up over 2.5% and finally closed up 1.22% to $155.61. Share prices of other fintech companies are also on the rise. Today, however, SQ is 0.29% down, at $155.16.

According to a CNBC report, Mizuho analysts noted nine payment stocks on Thursday, stating that they were “most enthused” about SQ and four other stocks. The analysts are more interested in the five stocks based on the recent increases in their market shares. The other payment stocks apart from Square are PayPal Holdings Inc (NASDAQ: PYPL), Visa Inc (NYSE: V), Fiserv Inc (NASDAQ: FISV) and WEX Inc (NYSE: WEX).

Square Stock Jumped Along with Other Fintechs

Digital payment giants Square and PayPal added the most gains out of the five companies. Square’s stock has been surging for the last twelve months, increasing more than 151% in the period. Since January, SQ has added more than 148% and nearly 92% in the last three months. In addition, the company rose 19.84% in the past month and 0.333% in the last five days.

Similarly, PayPal has also been rising over the past year. In the last two months, PYPL added 87.38% and almost 89% in its year-to-date performance. In addition, Visa stock has also been increasing and has gained over 12% in 2020.

Square and PayPal

Like many other companies, Square also suffered from the negative effect of the pandemic. However, Mizuho Securities predicts that the company’s Cash App may achieve quadruple gross profits.

In support of the Mizuho argument, Nancy Tengler, the chief investment officer of Laffer Tengler Investments said the analysts are “absolutely correct on fintech.” Speaking with CNBC’S “Trading Nation,” she stated that the use of “touchless payments” have increased significantly. In addition, she said:

“In the case of Square, the revenues are growing in the mid-40% range, the balance sheet is sound and solid with more cash than debt and they’ve started to put earnings on the board….”

The founder and financial advisor at New Street Advisors Group, Delano Saporu expressed his interest in both PayPal and Square. After saying that he “actually” likes the two companies, he added:

“The continued rise in digital payments is something that we’re going to see a lot more of, especially in the new normal where we’re trying to stay away from each other as much as possible.”

Late last month, PayPal Holdings Inc announced its plan to enable QR code payments in 28 markets. Saporu referred to the development in his interview with “Trading Nation”:

“When you are thinking about Venmo for PayPal and then CashApp for Square, they built a strong ecosystem, especially with young users who are really looking at that digital payments space, who are really entrenched in that.”

Currently trading at $157.38, SQ is up 1.14 over its previous close of $155.61. Also, PYPL is trading at $203.23, a 0.54% loss over its previous close of $204.43.

Jack Dorsey’s Square Now Boasts of Nearly 150% in 2020 Stock Gains

Similar to Notcoin - Blum - Airdrops In 2024

origin »

BlackJack (JACK) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 JACK

nearly 150 stock square gains jack 2020

nearly 150 → Результатов: 26


Raging Bitcoin Price Propels Crypto Market to Spike $25 Billion in 2 Days

By CCN Markets: In the past two days, the valuation of the crypto market has increased from $300 billion to $325 billion, supplemented by the strong upside movement of bitcoin. As the bitcoin price quickly moved from $8,000 to $11,000, major crypto assets in the likes of Ethereum, XRP, Bitcoin Cash, EOS, and Binance Coin recorded fairly large gains against the U.

2019-6-23 13:06


The Crypto Games Conference Minsk ‘19 Recap April 25-26, 2019 – Minsk, Belarus

The third edition of Crypto Games Conference took place in Minsk, Belarus last week, featuring two days packed with networking and collaboration. About 1000 attendees, 100 speakers, nearly 150 gaming brands and 50+ media companies from more than 30 countries participated in the biggest blockchain gaming event in the world! Industry visionaries and bright minds […] The post The Crypto Games Conference Minsk ‘19 Recap April 25-26, 2019 – Minsk, Belarus appeared first on ZyCrypto.

2019-5-3 19:22


Фото:

Bitcoin Price: Financial Advisors Targeting $17,571 in Dec 2023

The majority of financial advisors believe that Bitcoin will increase in price over the next half-decade.   This finding comes from a Bitwise Asset Management’s and ETF Trend’s inaugural “Bitwise/ETF Trends Survey of Financial Advisor Attitudes Towards Cryptoassets,” which surveyed more than 150 financial advisors — including independent broker-dealer reps, financial planners, and wirehouse reps — last month.

2019-1-30 00:00


Drone footage offers a peek at the devastating effects of California’s wildfires

As millions of American’s cozied up to a weekend of turkey sandwiches, California’s firefighters were just settling into their own beds at night. Some for the first time in weeks. After a historic fire season — made only more historic after following up last year’s record-setting fire season, which bested the previous record-setting fire season, and so on — the state’s firefighters finally have a reason to settle in for a much-needed nap.

2018-11-27 05:15