Squarespace Inc. (NYSE: SQSP)’s stock price has increased by 2.04 compared to its previous closing price of 26.45. Nevertheless, the company has seen a -2.00% plunge in its stock price over the last five trading sessions. Barron’s reported on 03/07/23 that Squarespace Stock Surges as Revenue Tops Estimates
Is It Worth Investing in Squarespace Inc. (NYSE: SQSP) Right Now?
There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 11 rating it as “hold,” and 0 rating it as “sell.”
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The average price predicted by analysts for SQSP is $29.00, which is $0.93 above the current price. The public float for SQSP is 83.20M and currently, short sellers hold a 1.94% ratio of that float. The average trading volume of SQSP on March 15, 2023 was 683.63K shares.
SQSP’s Market Performance
The stock of Squarespace Inc. (SQSP) has seen a -2.00% decrease in the past week, with a 17.91% rise in the past month, and a 34.08% gain in the past quarter. The volatility ratio for the week is 4.31%, and the volatility levels for the past 30 days are at 3.57% for SQSP. The simple moving average for the last 20 days is 10.87% for SQSP stock, with a simple moving average of 23.75% for the last 200 days.
Analysts’ Opinion of SQSP
Citigroup gave a rating of “Neutral” to SQSP, setting the target price at $21 in the report published on December 13th of the previous year.
SQSP Trading at 15.63% 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 -12.06% of loss for the given period.
Volatility was left at 3.57%, however, over the last 30 days, the volatility rate increased by 4.31%, as shares surge +15.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +23.41% upper at present.
During the last 5 trading sessions, SQSP fell by -2.00%, which changed the moving average for the period of 200-days by +33.22% in comparison to the 20-day moving average, which settled at $24.52. In addition, Squarespace Inc. saw 21.74% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SQSP starting from O’Connor Courtenay, who sale 21,801 shares at the price of $23.14 back on Feb 24. After this action, O’Connor Courtenay now owns 38,216 shares of Squarespace Inc., valued at $504,475 using the latest closing price.
O’Connor Courtenay, the General Counsel and Secretary of Squarespace Inc., sale 7,028 shares at $25.23 during a trade that took place back on Feb 02, which means that O’Connor Courtenay is holding 38,216 shares at $177,316 based on the most recent closing price.
Stock Fundamentals for SQSP
Current profitability levels for the company are sitting at:
- +1.54 for the present operating margin
- +79.92 for the gross margin
The net margin for Squarespace Inc. stands at -29.09. Equity return is now at value 203.00, with -27.40 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.75.
Conclusion
In conclusion, Squarespace Inc. (SQSP) has seen better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
