At the time of writing, Squarespace Inc [SQSP] stock is trading at $43.52, down -0.02%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SQSP shares have lost -0.05% over the last week, with a monthly amount drifted -0.53%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Squarespace Inc [NYSE: SQSP] stock has seen the most recent analyst activity on June 11, 2024, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $43 for it. Previously, Mizuho upgraded its rating to Buy on May 10, 2024, and elevated its price target to $50. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $39 on March 04, 2024. JMP Securities upgraded its rating to a Mkt Outperform but $40 remained the price target by the analyst firm on January 24, 2024. Seaport Research Partners started tracking with a Buy rating for this stock on October 24, 2023, and assigned it a price target of $35.
For the past year, the stock price of Squarespace Inc fluctuated between $26.70 and $44.29. Currently, Wall Street analysts expect the stock to reach $39.3 within the next 12 months. Squarespace Inc [NYSE: SQSP] shares were valued at $43.52 at the most recent close of the market. An investor can expect a potential drop of -9.7% based on the average SQSP price forecast.
Analyzing the SQSP fundamentals
According to Squarespace Inc [NYSE:SQSP], the company’s sales were 1.06B for trailing twelve months, which represents an 18.61% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.03 and Total Capital is 0.19. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -2.14.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 43.58 points at the first support level, and at 43.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.92, and for the 2nd resistance point, it is at 44.05.
Ratios To Look Out For
It is important to note that Squarespace Inc [NYSE:SQSP] has a current ratio of 0.70. In addition, the Quick Ratio stands at 0.70 and the Cash Ratio stands at 0.45. Considering the valuation of this stock, the price to sales ratio is 5.68.
Transactions by insiders
Recent insider trading involved Casalena Anthony, Chief Executive Officer, that happened on Jul 02 ’24 when 57372.0 shares were sold. Chief Executive Officer, Casalena Anthony completed a deal on Jul 01 ’24 to sell 60012.0 shares. Meanwhile, Chief Executive Officer Casalena Anthony sold 52029.0 shares on Jun 18 ’24.
