Why one should invest in Square’s Stock today

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Due to its strong position in the growing FinTech industry and rising sales, Square (NYSE: SQ) was among the highest growth reserves in recent years. In September 2018, though, the company peaked and has been a ride on a roller coaster since then.

Square took a nerve in July after its second-quarter earnings report was published by the technology giant. Shareholders were not pleased with the weaker than expected direction of the company. Square traded 63 times its income after the decline of its stock, which in comparison to other growth stocks isn’t that expensive.

Here’s why Square is a good buy at current levels.

Square announced its financial results for the third quarter on 6 November and its results were impressive. Here are some main steps to be taken into account. The total volume of transactions (GPV) in the Square quarter amounted to $28.8 billion, up from $22.5 billion (or 25 percent) annually over the year. Total net revenue for the company rose by 44% over the year and amounted to 1,27 billion dollars.

Square also strongly spoke about its salesperson network, which it expects would hit a 30 percent adjusted EBITDA profit margin for the financial year in question. Overall, the company has retained more or less its genius pace in recent years and Square shows no sign of deceleration. The company is slowing down more or less.

Other avenues for growth

When Square pursues many growth opportunities, investors can be optimistic about the future of Square. Perhaps the most relevant is the Cash App, which in recent years has become much more than just a P2P payment app. Cash App offers businesses prepaid credit cards, stocks, and payrolls, and Square recently announced its Cash App is starting to provide free stock trading services.

Square recently announced that it would provide payment processing services to sellers of cannabidiol (CBD) goods. Square decided to take it all, and that decision would pay off rich dividends on the way after launching the beta program to test the water with this initiative at the start of this year. Despite serious obstacles over the last six months or so to the wider cannabis industry, potential industry growth is too enticing to disregard.

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The winner of the title Mr. Pune 2009, Mr. Shreyas Tanna is currently the young, dashing, and dynamic CEO of a market research company called ResearchNReports in Pune. Fondly known as RNR, the company specializes in market research as well as industry analysis, and is closely associated with its parent company Absolute Market Insights (AMI). Mr. Shreyas Tanna began his corporate journey as the Head of Corporate sales & PR at RED Entertainment while pursuing his degree for MMS (Marketing) from the MGM College of Management, Mumbai. After accomplishing the tedious task of balancing his work and education, he further polished his skills in Corporate Sales, Public Relations, Channel Development, Global Client Engagement, Strategic Consulting, and Brand Development by working with HDFC Life and Researchmoz Global Pvt. Ltd. His dedication towards his work has even won him accolades such as the National Level Performer 2013 – HDFC Life and Mr. Research Moz 2015. A disciplined individual with a loving heart, he is often seen taking crisp walks with an engrossed look and a gentle smile within the premises of his company to interact with the various departments. And he will be usually followed by an adorable trail of his beloved trio of Shih Tzu babies proudly known as Gucci, Drake, and Paris. The most enticing thing that you will notice about this content and proud pet parent is his infectious positivity and the firm belief in his eyes, a reflection of his favorite quote, “LIFE IS BEAUTIFUL!”