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In the latest session, Snap Inc (NYSE: SNAP) closed at $10.59 up 0.19% from its previous closing price of $10.57. In other words, the price has increased by $0.19 from its previous closing price. On the day, 31.2 million shares were traded. SNAP stock price reached its highest trading level at $10.8 during the session, while it also had its lowest trading level at $10.55.
Ratios:
For a deeper understanding of Snap Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.70 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1197.95. For the most recent quarter (mrq), Quick Ratio is recorded 3.98 and its Current Ratio is at 3.98. In the meantime, Its Debt-to-Equity ratio is 2.05 whereas as Long-Term Debt/Eq ratio is at 2.02.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, B. Riley Securities on September 20, 2024, initiated with a Neutral rating and assigned the stock a target price of $11.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $8.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Sep 16 ’24 when Andersen Derek sold 97,608 shares for $9.29 per share. The transaction valued at 906,905 led to the insider holds 2,287,970 shares of the business.
Morrow Rebecca sold 2,459 shares of SNAP for $22,842 on Sep 16 ’24. The CAO now owns 476,218 shares after completing the transaction at $9.29 per share. On Sep 16 ’24, another insider, O’Sullivan Michael J., who serves as the General Counsel of the company, sold 59,053 shares for $9.29 each. As a result, the insider received 548,638 and left with 1,258,278 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNAP now has a Market Capitalization of 17573894144 and an Enterprise Value of 18732576768. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.53 while its Price-to-Book (P/B) ratio in mrq is 8.47. Its current Enterprise Value per Revenue stands at 3.761 whereas that against EBITDA is -19.259.
Stock Price History:
Over the past 52 weeks, SNAP has reached a high of $17.90, while it has fallen to a 52-week low of $8.28. The 50-Day Moving Average of the stock is 1.03%, while the 200-Day Moving Average is calculated to be -20.78%.
Shares Statistics:
For the past three months, SNAP has traded an average of 24.93M shares per day and 32647010 over the past ten days. A total of 1.39B shares are outstanding, with a floating share count of 1.05B. Insiders hold about 36.76% of the company’s shares, while institutions hold 52.17% stake in the company. Shares short for SNAP as of 1724976000 were 53400388 with a Short Ratio of 2.17, compared to 1722384000 on 71585458. Therefore, it implies a Short% of Shares Outstanding of 53400388 and a Short% of Float of 5.86.
