Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Snap Inc (NYSE: SNAP) closed the day trading at $10.86 down -1.18% from the previous closing price of $10.99. In other words, the price has decreased by -$1.18 from its previous closing price. On the day, 27.11 million shares were traded. SNAP stock price reached its highest trading level at $10.995 during the session, while it also had its lowest trading level at $10.565.
Ratios:
For a better understanding of SNAP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.60 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 121.46. For the most recent quarter (mrq), Quick Ratio is recorded 4.04 and its Current Ratio is at 4.04. In the meantime, Its Debt-to-Equity ratio is 1.92 whereas as Long-Term Debt/Eq ratio is at 1.89.
On September 20, 2024, B. Riley Securities started tracking the stock assigning a Neutral rating and target price of $11.
On September 05, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $8.Cantor Fitzgerald initiated its Neutral rating on September 05, 2024, with a $8 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 16 ’24 when Morrow Rebecca sold 2,812 shares for $11.44 per share. The transaction valued at 32,182 led to the insider holds 430,252 shares of the business.
Andersen Derek sold 94,164 shares of SNAP for $1,077,453 on Dec 16 ’24. The Chief Financial Officer now owns 2,193,806 shares after completing the transaction at $11.44 per share. On Dec 18 ’24, another insider, Andersen Derek, who serves as the Chief Financial Officer of the company, sold 17,789 shares for $12.00 each. As a result, the insider received 213,491 and left with 2,176,017 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 18214500352 and an Enterprise Value of 19262881792. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.46 while its Price-to-Book (P/B) ratio in mrq is 8.22. Its current Enterprise Value per Revenue stands at 3.729 whereas that against EBITDA is -25.077.
Stock Price History:
Over the past 52 weeks, SNAP has reached a high of $17.75, while it has fallen to a 52-week low of $8.29. The 50-Day Moving Average of the stock is -4.89%, while the 200-Day Moving Average is calculated to be -11.60%.
Shares Statistics:
Over the past 3-months, SNAP traded about 28.19M shares per day on average, while over the past 10 days, SNAP traded about 25555250 shares per day. A total of 1.42B shares are outstanding, with a floating share count of 1.07B. Insiders hold about 35.97% of the company’s shares, while institutions hold 51.83% stake in the company. Shares short for SNAP as of 1734048000 were 64921376 with a Short Ratio of 2.30, compared to 1731628800 on 66369546. Therefore, it implies a Short% of Shares Outstanding of 64921376 and a Short% of Float of 6.99.
