Block Stock Now Trades at the Same Price It Was in 2018. Is This a Stock Finally Worth Buying in 2025?
From March 15, 2018, through March 11, 2025, shares of financial technology (fintech) stock Block (NYSE: XYZ) were up less than 1%. Granted, the stock was up more than 400% at one point during this stretch of time. However, it's plunged 80% from 2021 highs and has shown no signs of recovering.Two things have happened for Block during these seven long, futile years. First, the company's trailing-12-month revenue has skyrocketed nearly 900%, which is impressive. But the stock's valuation has plunged, which means that its growth has done absolutely nothing to move the needle for shareholders.Block's chart below illustrates this. Revenue is way up, but the price-to-sales (P/S) ratio is way down.Continue reading
From March 15, 2018, through March 11, 2025, shares of financial technology (fintech) stock Block (NYSE: XYZ) were up less than 1%. Granted, the stock was up more than 400% at one point during this stretch of time. However, it's plunged 80% from 2021 highs and has shown no signs of recovering.
Two things have happened for Block during these seven long, futile years. First, the company's trailing-12-month revenue has skyrocketed nearly 900%, which is impressive. But the stock's valuation has plunged, which means that its growth has done absolutely nothing to move the needle for shareholders.
Block's chart below illustrates this. Revenue is way up, but the price-to-sales (P/S) ratio is way down.
