Square Stock Review (SQ) 2020

Square stock has had a crazy run the past couple of weeks so I decided to take a stab and invest $2,000 into the stock (SQ). 

The year-to-date return on Square stock is 142% out performing the S&P 500, Dow Jones and the NASDAQ. Understand just because the stock is moving up so much does not mean it's a by what is the finances or the fundamentals behind this company.


When looking at a company's fundamentals you need to look at long-term debt, cash on hand and Revenue and more. The overall Revenue has increased over 150% year-over-year. also the cash on hand has increased around 120%. With the long-term debt increasing as well, it's very coming to see companies take on long-term debt to grow their company. 

 

With people not being able to go out square Company has performed very well.  for those of you that don't know Square owns the cash app, the cash app is an online transaction system that allows you to send money to friends, family and anyone who has the cash app. The cash aop made up for about 50% of squares Revenue.  I do think the future for the cash app is extremely large because they compete with Robinhood and Venmo. 


Comments

Popular posts from this blog

How to Start Investing in Stocks?

Should You BUY Palantir Stock in 2021? (PLTR)