G'day. I don't have too many thoughts other than this is a business that's currently between a rock and a hard place.
Not only is the yield curve / risk free rate hurting growth stocks, but SQ's business model is hugely exposed to sectors that are directly being tightened to reign in inflation. What I mean by that is, when retail numbers come negative, that's a bad sign for SQ's business. When retail numbers come out positive, it's a bad sign for SQ because it means further tightening is required by the reserve.
So it's not surprising how badly SQ is performing. But I don't have a view on how much of this is priced in, all I can say is I hope it's reached it's bottom soon because this carnage has been going on for way too long. Death by a thousand cuts!
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Last
$98.66 |
Change
0.080(0.08%) |
Mkt cap ! $3.875B |
Open | High | Low | Value | Volume |
$98.35 | $98.66 | $97.68 | $18.79M | 191.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1 | $98.66 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$98.67 | 108 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 500 | 98.200 |
1 | 102 | 98.030 |
1 | 5 | 98.020 |
4 | 253 | 98.000 |
1 | 1456 | 97.950 |
Price($) | Vol. | No. |
---|---|---|
98.690 | 700 | 1 |
98.750 | 4000 | 4 |
98.770 | 230 | 1 |
98.800 | 500 | 1 |
98.900 | 3000 | 1 |
Last trade - 16.10pm 31/05/2024 (20 minute delay) ? |
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Last
$98.32 |
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Change
0.080 ( 0.29 %) |
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Open | High | Low | Volume | ||
$97.97 | $98.50 | $97.73 | 8907 | ||
Last updated 15.59pm 31/05/2024 ? |
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SQ2 (ASX) Chart |