Is It Right Time to Be Cautious on Square, Inc. (SQ), GameStop Corp. (GME)?

    The shares of Square, Inc. (NYSE:SQ) has been pegged with a rating of Buy by Guggenheim in its latest research note that was published on August 5th, 2019. The research company has also assigned a $80 price target. Guggenheim wasn’t the only research firm that published a report of Square, Inc., with other equities research analysts also giving their opinion on the stock. Evercore ISI advised investors in its research note published on August 2nd, 2019, to Underperform the SQ stock while also putting a $64 price target. The stock had earned Mkt Perform rating from Raymond James when it published its report on July 9th, 2019. The stock was given Buy rating by Argus in its report released on July 8th, 2019, the day when the price target on the stock was placed at $94. Nomura was of a view that SQ is Buy in its latest report on June 28th, 2019 while giving it a price target of $100. Needham thinks that SQ is worth Buy rating. This was contained in the firm’s report on May 2nd, 2019 in which the stock’s price target was also moved to $90.

    Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 17 believe it has the potential for further growth, thus rating it as Hold while 6 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $84.06. The price of the stock the last time has raised by 26.19% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 31.28.

    The shares of the company added by 1.40% during the trading session on Friday, reaching a low of $62.13 while ending the day at $62.87. During the trading session, a total of 5.41 million shares were traded which represents a 37.57% incline from the average session volume which is 8.66M shares. SQ had ended its last session trading at 62.00. Square, Inc. currently has a market cap of $26.48B while its P/E earnings growth sits at 6.71, with a beta of 3.41. Square, Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.50. SQ 52-week low price stands at $49.82 while its 52-week high price is $101.15.

    The company in its last quarterly report recorded $0.11 earnings per share which is above the $0.08 predicted by most analysts. The Square, Inc. generated $489.05 million in revenue during the last quarter, which is slightly higher than the $478.07 million predicted by analysts. In the second quarter last year, the firm recorded $0.14 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -27.27%. Square, Inc. has the potential to record -0.13 EPS for the current fiscal year, according to equities analysts.

    Investment analysts at The Benchmark Company published a research note on June 5th, 2019 where it informed investors and clients that GameStop Corp. (NYSE:GME) is now rated as Sell. Their price target on the stock stands at $5. Evercore ISI also rated GME as Downgrade on August 2nd, 2019, with its price target of $64 suggesting that GME could surge by 49.31% from its current share price. Even though the stock has been trading at $3.21/share, analysts expect it to surge higher by 3.43% to reach $6.55/share. It started the day trading at $3.36 and traded between $3.21 and $3.32 throughout the trading session.

    A look at its technical shows that GME’s 50-day SMA is 4.67 while its 200-day SMA stands at 9.83. At the moment, only of GameStop Corp. shares were sold short. The company’s average trading volume currently stands at 6.48M shares, which means that the short-interest ratio is just 8.83 days. Over the past seven days, the company moved, with its shift of -7.52%. Looking further, the stock has dropped -61.44% over the past 90 days while it lost -70.95% over the last six months.

    The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. Fidelity Management Research Co sold more GME shares, decreasing its portfolio by -0.65% during the last quarter. This move now sees Fidelity Management Research Co selling -97,999 shares in the last quarter, thus it now holds 15,021,232 shares of GME, with a total valuation of $60,385,353. BlackRock Fund Advisors meanwhile bought more GME shares in the recently filed quarter, changing its stake to $57,937,128 worth of shares. The Vanguard Group Inc followed the path by decreasing its GME portfolio by -12.19% in the quarter. This means that The Vanguard Group Inc sold -1,279,610 shares in the last quarter and now controls 9,221,658 shares of the GME stock, with the valuation hitting $37,071,065.

    Similarly, Renaissance Technologies LLC increased its GameStop Corp. shares by +905.91% during the recently filed quarter. After buying 4,617,446 shares in the last quarter, the firm now controls 5,127,146 shares of GameStop Corp. which are valued at $20,611,127. In the same vein, SSgA Funds Management Inc increased its GameStop Corp. shares by during the most recent reported quarter. The firm bought 388,897 shares during the quarter which increased its stakes to 3,918,904 shares and is now valued at $15,753,994. Following these latest developments, around 2.50% of GameStop Corp. stocks are owned by institutional investors and hedge funds.