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Block: Overvalued Fintech Stock Is Too Risky

Feb. 09, 2022 5:53 AM ETBlock, Inc. (SQ)79 Comments
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Investor Trip


  • Block has lost 40% of its value since changing the company name from "Square" to Block Inc.
  • Fintech stocks have been crushed recently along with the broader market as P/E multiples return to a more realistic level.
  • Block Inc shares could dive below a key $100 support level and head much lower to $80 in the near term.
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Block, Inc. (NYSE:SQ) has been absolutely crushed since the NASDAQ reached historic levels in November 2021 and SQ stock has lost 56% of its value.

Block, Inc. (<a href='https://seekingalpha.com/symbol/SQ' title='Block, Inc.'>SQ</a>) - Price change chart
Data by YCharts

Block CEO Jack Dorsey stepped down from his dual CEO role at

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Investor Trip is a global investment community that focuses on hypergrowth assets like growth stocks and cryptocurrency. Our investment strategy is to identify sectors with massive growth potential then pick the biggest & best companies that will become future winners. We discuss both US & international stocks as well as high performing assets such as Bitcoin. Follow us to receive notifications whenever a new article is published.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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