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Square, Inc. SQ was a big mover last session, as the company saw its shares rise nearly 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $64.15 to $72.53 in the past one-month time frame.
The move came after the company reported better-than-expected second-quarter 2018 results.
The company has seen a mixed track record when it comes to estimate revision s of one increase and three decreases over the past few weeks, while the Zacks Consensus Estimate for the current quarterremained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Square currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Square, Inc. Price
Square, Inc. Price | Square, Inc. Quote
A better-ranked stock in the Internet - Software industry is Attunity Ltd. ATTU, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is SQ going up? Or down? Predict to see what others think: Up or Down
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Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.
With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.
It's not the one you think.
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