Squarespace Inc. (NYSE:SQSP) went up by 6.54% from its latest closing price compared to the recent 1-year high of $64.71. The company’s stock price has collected -20.34% of loss in the last five trading sessions. Press Release reported on 11/23/21 that Squarespace to Participate in Upcoming Investor Conferences
Is It Worth Investing in Squarespace Inc. (NYSE :SQSP) Right Now?
Opinions of the stock are interesting as 9 analysts out of 13 who provided ratings for Squarespace Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 3 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $57.46, which is $19.09 above the current price. SQSP currently public float of 83.09M and currently shorts hold a 0.93% ratio of that float. Today, the average trading volume of SQSP was 292.54K shares.
SQSP’s Market Performance
SQSP stocks went down by -20.34% for the week, with a monthly drop of -2.58% and a quarterly performance of -16.36%. The volatility ratio for the week stands at 11.29% while the volatility levels for the past 30 days are set at 7.06% for Squarespace Inc.. The simple moving average for the period of the last 20 days is -10.46% for SQSP stocks with a simple moving average of -21.87% for the last 200 days.
Analysts’ Opinion of SQSP
Many brokerage firms have already submitted their reports for SQSP stocks, with Truist repeating the rating for SQSP by listing it as a “Buy.” The predicted price for SQSP in the upcoming period, according to Truist is $50 based on the research report published on October 21st of the current year 2021.
Piper Sandler, on the other hand, stated in their research note that they expect to see SQSP reach a price target of $50. The rating they have provided for SQSP stocks is “Overweight” according to the report published on October 15th, 2021.
RBC Capital Mkts gave a rating of “Sector Perform” to SQSP, setting the target price at $48 in the report published on August 10th of the current year.
SQSP Trading at -7.30% from the 50-Day Moving Average
After a stumble in the market that brought SQSP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -42.31% of loss for the given period.
Volatility was left at 7.06%, however, over the last 30 days, the volatility rate increased by 11.29%, as shares sank -1.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.15% lower at present.
During the last 5 trading sessions, SQSP fell by -20.34%, in comparison to the 20-day moving average, which settled at $41.67. In addition, Squarespace Inc. saw -14.48% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at SQSP starting from O’Connor Courtenay, who sale 4,375 shares at the price of $34.26 back on Nov 22. After this action, O’Connor Courtenay now owns 31,851 shares of Squarespace Inc., valued at $149,904 using the latest closing price.
Casalena Anthony, the Chief Executive Officer of Squarespace Inc., sale 94,325 shares at $60.00 during a trade that took place back on Jun 14, which means that Casalena Anthony is holding 387,500 shares at $5,659,500 based on the most recent closing price.
Stock Fundamentals for SQSP
Current profitability levels for the company are sitting at:
- +6.48 for the present operating margin
- +82.32 for the gross margin
The net margin for Squarespace Inc. stands at +4.92. The total capital return value is set at 77.23, while invested capital returns managed to touch 74.77.
The receivables turnover for the company is 102.76 and the total asset turnover is 1.88. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.49.