The stock of Squarespace Inc (SQSP) has seen a -0.02% decrease in the past week, with a 3.02% gain in the past month, and a 6.69% flourish in the past quarter. The volatility ratio for the week is 0.11%, and the volatility levels for the past 30 days are at 0.31% for SQSP. The simple moving average for the last 20 days is 0.95% for SQSP stock, with a simple moving average of 20.76% for the last 200 days.
Is It Worth Investing in Squarespace Inc (NYSE: SQSP) Right Now?
The 36-month beta value for SQSP is at 0.62. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 10 as “hold,” and 0 as “sell.”
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The public float for SQSP is 57.64M, and currently, shorts hold a 3.01% of that float. The average trading volume for SQSP on September 27, 2024 was 1.14M shares.
SQSP) stock’s latest price update
Squarespace Inc (NYSE: SQSP)’s stock price has increased by 0.06 compared to its previous closing price of 46.38. However, the company has seen a -0.02% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2024-09-24 that NEW YORK, Sept. 24, 2024 /PRNewswire/ — Squarespace (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced Refresh 2024, its annual release of new products, features, and updates that empower entrepreneurs to unlock their creativity and take their business to the next level.
Analysts’ Opinion of SQSP
Many brokerage firms have already submitted their reports for SQSP stocks, with Mizuho repeating the rating for SQSP by listing it as a “Neutral.” The predicted price for SQSP in the upcoming period, according to Mizuho is $44 based on the research report published on August 05, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see SQSP reach a price target of $43. The rating they have provided for SQSP stocks is “Neutral” according to the report published on June 11th, 2024.
Mizuho gave a rating of “Buy” to SQSP, setting the target price at $50 in the report published on May 10th of the current year.
SQSP Trading at 3.15% 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 -0.15% of loss for the given period.
Volatility was left at 0.31%, however, over the last 30 days, the volatility rate increased by 0.11%, as shares surge +2.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.86% upper at present.
During the last 5 trading sessions, SQSP fell by -0.02%, which changed the moving average for the period of 200-days by +67.06% in comparison to the 20-day moving average, which settled at $46.03. In addition, Squarespace Inc saw 40.59% 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 145,182 shares at the price of $46.33 back on Sep 17 ’24. After this action, Casalena Anthony now owns 1,349,263 shares of Squarespace Inc, valued at $6,726,282 using the latest closing price.
Casalena Anthony, the Chief Executive Officer of Squarespace Inc, sale 80,443 shares at $46.37 during a trade that took place back on Sep 18 ’24, which means that Casalena Anthony is holding 1,268,820 shares at $3,730,142 based on the most recent closing price.
Stock Fundamentals for SQSP
Current profitability levels for the company are sitting at:
- 0.04 for the present operating margin
- 0.74 for the gross margin
The net margin for Squarespace Inc stands at -0.0. The total capital return value is set at 0.12.
Based on Squarespace Inc (SQSP), the company’s capital structure generated 1.77 points at debt to capital in total, while cash flow to debt ratio is standing at 0.47. The debt to equity ratio resting at -2.29. The interest coverage ratio of the stock is 1.17.
Currently, EBITDA for the company is 127.66 million with net debt to EBITDA at 2.97. When we switch over and look at the enterprise to sales, we see a ratio of 6.14. The receivables turnover for the company is 26.72for trailing twelve months and the total asset turnover is 1.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.76.
Conclusion
In conclusion, Squarespace Inc (SQSP) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others 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.
