Squarespace Inc Benefiting From the Move to Digital
The website building space is competitive and includes numerous players. Squarespace Inc (NYSE:SQSP), with a market cap of $4.4 billion, is smaller than the more major players GoDaddy Inc (NASDAQ:GDDY) and Wix.com Ltd (NASDAQ:WIX).
Squarespace stock’s price action has been extremely volatile since the stock debuted on the market at $48.00 in May 2021. After surging to $64.71 in June of that year, SQSP stock subsequently fell to a low of $25.68 on January 6, 2022 before rallying. It remains 50% off its high.
For the contrarian investor, Squarespace stock is worth a look. I like the risk/reward opportunity in SQSP stock, as Squarespace Inc has been ramping up its revenues and moving to profitability.
Read more about SQSP stock here.
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