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How to buy Block (SQ2) shares in Australia

Learn how to easily invest in Block shares.

Block
AU: SQ2 - AUD
A$121.81
+A$1.16 (+0.96%)
SOFTWARE - INFRASTRUCTURE
About an hour ago

Block is a software - infrastructure business based in Australia. Block shares (SQ2) are listed on the Australian Securities Exchange (ASX) and all prices are in Australian dollars. Block has a trailing 12-month revenue of around $21.9 billion. If you're looking to buy shares, check out the steps below.

How to buy shares in Block

To buy shares listed in Australia such as Block, you'll need to sign up to a broker with access to the ASX. Our table can help you compare share trading platforms and choose. Then follow these steps.

  1. Open and fund your brokerage account.
    Complete an application with your personal and financial details, including your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
  2. Search for Block.
    Find the share by name or ticker symbol: SQ2. Research its history to confirm it's a solid investment against your financial goals.
  3. Purchase now or later.
    Buy today with a market order or use a limit order to delay your purchase until Block reaches your desired price. Look into dollar-cost averaging to spread out your risk, which smooths out buying at consistent intervals and amounts.
  4. Decide on how many to buy.
    At today's price, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
  5. Check on your investment.
    Congratulations, you own a part of Block. Optimise your portfolio by tracking how your stock and the business performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that affect your stock.

Block stock price (ASX:SQ2)

Use our graph to track the performance of SQ2 stocks over time.

Block shares at a glance

Information last updated 2024-02-28.
52-week range$60.56 - $121.4
50-day moving average $105.1087
200-day moving average $93.8794
Target price$149.46
PE ratio 2846
Dividend yield N/A (0%)
Earnings per share (TTM) $0.04

Compare share trading platforms

The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.
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Name Product Standard brokerage fee Inactivity fee Asset class
eToro
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IG Share Trading
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$0 brokerage for US and global shares plus get an active trader discount of $5 commission on Australian shares.
Enjoy some of the lowest brokerage fees on the market when trading Australian and international shares, plus get access to 24-hour customer support.
Moomoo Share Trading
$3
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ASX shares, Global shares, US shares, ETFs
Finder exclusive: Get an additional 30 days on top of the regular brokerage-free period for new accounts. T&Cs apply.
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CMC Invest
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CMC Invest
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ASX shares, Global shares, Options trading, US shares, ETFs
$0 brokerage on US, UK, Canadian and Japanese markets (FX spreads apply).
Trade over 45,000 shares and ETFs from Australia and 15 major global markets. Plus, buy Aussie shares or ETFs for $0 brokerage up to $1,000 (First buy order of each security, each day - excludes margin loan settled trades).
Webull
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ASX shares, Options trading, US shares, ETFs
Trade ASX and US stocks and US options, plus gain access to inbuilt news platforms and educational resources. You can also start trading for less with fractional shares.
Tiger Brokers
$5.50
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ASX shares, Global shares, US shares, ETFs

Get one brokerage-free trade per month for the first 12 months for US or ASX markets. T&Cs apply.
Saxo Invested
Saxo Invested
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Access 22,000+ stocks on 50+ exchanges worldwide
Low fees for Australian and global share trading, no inactivity fees, low currency conversion fee and optimised for mobile.
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Is it a good time to buy Block stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. However, this is not a recommendation. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Block price performance over time

Historical closes compared with the last close of A$120.65

1 week (2024-02-23) 2.30%
1 month (2024-02-01) 20.05%
3 months (2023-12-01) 25.73%
6 months (2023-09-01) 35.33%
1 year (2023-03-01) 6.92%
2 years (2022-03-01) -31.12%

Is Block under- or over-valued?

Valuing Block stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Block's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Block's P/E ratio

Block's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 2846x. In other words, Block shares trade at around 2846x recent earnings.

That's relatively high compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.

Block's PEG ratio

Block's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.062. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.

The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Block's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.

Block's EBITDA

Block's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $129.7 million (£0.0 million).

The EBITDA is a measure of a Block's overall financial performance and is widely used to measure stock profitability.

Block financials

Revenue TTM $21.9 billion
Gross profit TTM $6.1 billion
Return on assets TTM -0.53%
Return on equity TTM -0.12%
Profit margin 0.05%
Book value 30.358
Market capitalisation $70.5 billion

TTM: trailing 12 months

Block share dividends

We're not expecting Block to pay a dividend over the next 12 months.

Block share price volatility

Over the last 12 months, Block's shares have ranged in value from as little as $60.56 up to $121.4. A popular way to gauge a stock's volatility is its "beta".

Beta measures a share's volatility in relation to the market. The market (AU average) beta is 1, while Block's is 2.526. This would suggest that Block's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Block overview

Block, Inc., together with its subsidiaries, builds ecosystems focused on commerce and financial products and services in the United States and internationally. It operates through two segments, Square and Cash App. The Square segment offers commerce products for restaurants, appointments, retail, point of sale, online, online checkout, and invoices, as well as virtual terminals, risk and order managers, and payment and commerce application programming interfaces; managed payment services; software solutions; hardware products, such as registers, terminals, stands, and readers for contactless and chips; banking services consisting of lending, instant transfer, and checking and savings accounts; and full-service setup and support services. This segment also provides loyalty, marketing, team management, and payroll services; and gift cards. The Cash App segment offers financial tools within the mobile Cash App, including peer-to-peer payments, bitcoin, and stock investment brokerage; Cash App Card, a debit card; direct deposit, cash boost, and tax preparation services; and Afterpay, a buy now, pay later platform. This segment also provides Pay in 4, monthly payment solutions, advertising and affiliate, shop directory, and Cash App Pay services; and business accounts, and Afterpay and Afterpay Plus cards. In addition, the company operates TIDAL, a platform for musicians and fans; TBD, an open developer platform focused on making the decentralized financial world accessible; Bitkey, a self-custody bitcoin wallet; and Spiral, which focuses on bitcoin open source work. It serves businesses, sellers, and individuals through e-commerce and retail distribution channels. The company was formerly known as Square, Inc. and changed its name to Block, Inc. in December 2021. Block, Inc. was incorporated in 2009 and is based in Oakland, California.

Past developments

24 March 2023: In response to allegations of fake accounts, Block labels the report "factually inaccurate and misleading" and is looking into legal action against the short-seller.
24 March 2023: Block's shares fell just shy of 20% following a report by short-seller Hindenburg Research. The report suggests that 40% to 75% of the accounts they reviewed were fake, involved in fraud, or were additional accounts tied to a single individual. This is based on estimations from a former Block employee.
30 January 2023: Consumer groups have urged for full regulation of the buy now pay later industry in submissions to the Treasury as the Australian government draws up plans for regulation of the sector. Largest player Afterpay, now owned by Block, said an industry code of conduct is appropriate. Rivals such as CBA and ZIP favour a middle ground.
23 January 2023: The ASX-listed shares of payment giant Block lifted to a 3-month high. Shares tracked gains on the Nasdaq as expectations grow about inflation cooling in the United States, fueling hopes that the Federal Reserve will ease up its policy-tightening campaign.

Frequently asked questions

  1. EOD price data and company information for Block accessed 01 Mar 2024
Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs comes with a higher risk of losing money rapidly due to leverage. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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