The 36-month beta value for SQSP is also noteworthy at 0.62. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SQSP is 61.06M, and at present, short sellers hold a 2.63% of that float. The average trading volume of SQSP on July 24, 2024 was 1.23M shares.
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SQSP) stock’s latest price update
The stock price of Squarespace Inc (NYSE: SQSP) has jumped by 0.07 compared to previous close of 43.95. Despite this, the company has seen a gain of 0.39% in its stock price over the last five trading days. accesswire.com reported 2024-07-23 that LOS ANGELES, CA / ACCESSWIRE / July 23, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Squarespace, Inc. (“SquareSpace” or “the Company”) (NYSE:SQSP) for potential breaches of fiduciary duty on the part of its directors and management. The investigation focuses on determining if the SquareSpace board breached its fiduciary duties to shareholders.
SQSP’s Market Performance
SQSP’s stock has risen by 0.39% in the past week, with a monthly rise of 0.59% and a quarterly rise of 24.27%. The volatility ratio for the week is 0.30% while the volatility levels for the last 30 days are 0.34% for Squarespace Inc The simple moving average for the last 20 days is 0.64% for SQSP’s stock, with a simple moving average of 26.63% for the last 200 days.
Analysts’ Opinion of SQSP
Many brokerage firms have already submitted their reports for SQSP stocks, with B. Riley Securities repeating the rating for SQSP by listing it as a “Neutral.” The predicted price for SQSP in the upcoming period, according to B. Riley Securities is $43 based on the research report published on June 11, 2024 of the current year 2024.
Mizuho, on the other hand, stated in their research note that they expect to see SQSP reach a price target of $50, previously predicting the price at $34. The rating they have provided for SQSP stocks is “Buy” according to the report published on May 10th, 2024.
Raymond James gave a rating of “Outperform” to SQSP, setting the target price at $40 in the report published on March 27th of the current year.
SQSP Trading at 1.25% 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 -0.70% of loss for the given period.
Volatility was left at 0.34%, however, over the last 30 days, the volatility rate increased by 0.30%, as shares surge +0.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.45% upper at present.
During the last 5 trading sessions, SQSP rose by +0.39%, which changed the moving average for the period of 200-days by +53.62% in comparison to the 20-day moving average, which settled at $43.72. In addition, Squarespace Inc saw 33.23% 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 82,888 shares at the price of $43.81 back on Jul 16 ’24. After this action, Casalena Anthony now owns 1,892,730 shares of Squarespace Inc, valued at $3,631,323 using the latest closing price.
Casalena Anthony, the Chief Executive Officer of Squarespace Inc, sale 59,882 shares at $43.78 during a trade that took place back on Jul 15 ’24, which means that Casalena Anthony is holding 1,975,618 shares at $2,621,634 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 1.73.
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 6.1. 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
In summary, Squarespace Inc (SQSP) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
