As of Friday close, Squarespace Inc.’s (NYSE:SQSP) stock was down -$0.02, moving down -0.07 percent to $30.23. The average number of shares traded per day over the past five days has been 443,180 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.29 fall in that time frame. In the last twenty days, the average volume was 481,405, while in the previous 50 days, it was 644,208.
Since last month, SQSP stock retreated -1.53%. Shares of the company fell to $29.38 on 07/24/23, the lowest level in the past month. A 52-week high of $34.38 was reached on 06/16/23 after having rallying from a 52-week low of $16.86. Since the beginning of this year, SQSP’s stock price has risen by 36.36% or $8.06, and marked a new high 24 times. However, the stock has declined by -12.07% since its 52-week high.
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SQSP stock investors should be aware that Squarespace Inc. (SQSP) stock had its last reported insider trading activity 4 days ago on Aug 15. Casalena Anthony, the Chief Executive Officer of the company, disposed of 22,900 shares for $30.57 on Aug 15. It resulted in a $700,053 divestment by the insider. Casalena Anthony sold 32,998 shares at an average price of $31.07 on Aug 14. The insider now owns 4,490,410 shares following the transaction. On Aug 02, Chief Executive Officer Casalena Anthony sold 46,081 shares at $32.32 apiece. The transaction was valued at $1,489,338.
Financial Health
In the three months ended June 29, Squarespace Inc.’s quick ratio stood at 0.80, while its current ratio was 0.80, showing that the company is not able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 82.30% percent. In the year ended June 29, EBITDA margin amounted to 5.44%, whereas operating margins totaled -15.80%. Based on annual data, SQSP earned $714.32 million in gross profit and brought in $866.97 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -113.30%. Return on equity (ROE) for the past 12 months was 90.20%.
In Squarespace Inc.’s quarter-end financial report for June 29, it reported total debt of $453.23 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SQSP’s revenue rose 14.01% to $237.03 million during the quarter, while net income inched up to $247.36 million. While analysts expected Squarespace Inc. to report $0.13 quarterly earnings, the actual figure was $0.03 per share, beating the consensus estimate by -76.90%. During the quarter, the company generated $43.9 million in EBITDA. The liabilities of Squarespace Inc. were 1.06 billion at the end of its most recent quarter ended June 29, and its total debt was $610.11 million. The value of shareholders’ equity is $135.57 million.
Technical Picture
This quick technical analysis looks at Squarespace Inc.’s (SQSP) price momentum. With a historical volatility rate of 26.48%, the RSI 9-day stood at 37.24% on 18 August.
With respect to its five-day moving average, the current Squarespace Inc. price is down by -4.09% percent or -$1.29. At present, SQSP shares trade +0.13% above its 20-day simple moving average and -1.05% percent below its 100-day simple moving average. However, the stock is currently trading approximately +1.48% above its SMA50 and +36.11% above its SMA200.
Stochastic coefficient K was 7.95% and Stochastic coefficient D was 9.03%, while ATR was 1.01. Given the Stochastic reading of 9.19% for the 14-day period, the RSI (14) reading has been calculated as 42.69%. As of today, the MACD Oscillator reading stands at -0.50, while the 14-day reading stands at -1.09.
Analyst Ratings
Mizuho reiterated its a Neutral rating on Squarespace Inc. (NYSE: SQSP) in a note to investors. The analysts firm has however raised their price target to $32, representing a possible -7.96% increase in the stock price. Squarespace Inc. (SQSP) has been rated Overweight by analysts. According to 0 brokerage firms, SQSP is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Squarespace Inc. stock as buy, with 6 recommending it as overweight.
With a median target price of $35.00, the current consensus forecast for the stock is $30.00 – $40.00. Based on these forecasts, analysts predict Squarespace Inc. (SQSP) will achieve an average price target of $35.25.
