A Brief about the Company
Based in San Francisco, California, Square (SQ) is a company that focuses on financial services and digital payments. It was founded in 2009 and launched its first platform in 2010. Currently, Square’s market cap is USD 122.473 billion, with the share price moving around USD 266.
Square’s Services and Products
The company provides many digital products and services across varied fields, such as:
Under its assets, the company has the Cash App, which allows users to send and receive money for free through a mobile application, in addition to the Square Point-of-Sale, which is a free application that allows merchants to process payments via smartphones.
Should You Buy Square Stocks (SQ)?
In the last five years, Square gained an almost unbelievable 2289.42%, 81.80% of which were in one year. Through the pandemic, it kept healthy financial statements and is still one of the few companies that showed a strong stand.
The all-time high for the stock was USD 283.19, recorded in February. Earlier this week, the price came close to that high, trading above the USD 280 landmark for the first time in five and a half months.
According to these facts, we can say that Square has indeed a strong plan for its future. Unlike other companies, there is no need to fix anything after the pandemic, because it already stood strong, and the company is surely planning to continue on the same path.