Squarespace Inc (NYSE: SQSP)’s stock price has gone decline by -2.59 in comparison to its previous close of 37.80, however, the company has experienced a 7.16% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-05-07 that The headline numbers for Squarespace (SQSP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Is It Worth Investing in Squarespace Inc (NYSE: SQSP) Right Now?
The stock has a 36-month beta value of 0.54. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SQSP is 60.42M, and at present, short sellers hold a 6.14% of that float. On May 10, 2024, the average trading volume of SQSP was 759.09K shares.
SQSP’s Market Performance
SQSP’s stock has seen a 7.16% increase for the week, with a -1.45% drop in the past month and a 16.11% gain in the past quarter. The volatility ratio for the week is 4.06%, and the volatility levels for the past 30 days are at 3.13% for Squarespace Inc The simple moving average for the past 20 days is 3.49% for SQSP’s stock, with a 17.05% simple moving average for the past 200 days.
Analysts’ Opinion of SQSP
Many brokerage firms have already submitted their reports for SQSP stocks, with Raymond James repeating the rating for SQSP by listing it as a “Outperform.” The predicted price for SQSP in the upcoming period, according to Raymond James is $40 based on the research report published on March 27, 2024 of the current year 2024.
Robert W. Baird, on the other hand, stated in their research note that they expect to see SQSP reach a price target of $39, previously predicting the price at $30. The rating they have provided for SQSP stocks is “Outperform” according to the report published on March 04th, 2024.
JMP Securities gave a rating of “Mkt Outperform” to SQSP, setting the target price at $40 in the report published on January 24th of the current year.
SQSP Trading at 5.56% 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 -2.88% of loss for the given period.
Volatility was left at 3.13%, however, over the last 30 days, the volatility rate increased by 4.06%, as shares sank -2.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.24% upper at present.
During the last 5 trading sessions, SQSP rose by +7.16%, which changed the moving average for the period of 200-days by +19.97% in comparison to the 20-day moving average, which settled at $35.53. In addition, Squarespace Inc saw 11.54% 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 Casalena Anthony, who sale 27,240 shares at the price of $35.62 back on Apr 29 ’24. After this action, Casalena Anthony now owns 2,773,318 shares of Squarespace Inc, valued at $970,289 using the latest closing price.
Casalena Anthony, the Chief Executive Officer of Squarespace Inc, sale 40,189 shares at $35.54 during a trade that took place back on Apr 26 ’24, which means that Casalena Anthony is holding 2,800,558 shares at $1,428,317 based on the most recent closing price.
Stock Fundamentals for SQSP
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.77 for the gross margin
The net margin for Squarespace Inc stands at -0.01. The total capital return value is set at 0.19.
Based on Squarespace Inc (SQSP), the company’s capital structure generated 1.88 points at debt to capital in total, while cash flow to debt ratio is standing at 0.44. The debt to equity ratio resting at -2.14. The interest coverage ratio of the stock is 3.68.
Currently, EBITDA for the company is 127.66 million with net debt to EBITDA at 2.92. When we switch over and look at the enterprise to sales, we see a ratio of 5.15. The receivables turnover for the company is 29.68for trailing twelve months and the total asset turnover is 1.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.70.
Conclusion
To sum up, Squarespace Inc (SQSP) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others 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.
