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In the latest session, Snap Inc (NYSE: SNAP) closed at $9.18 down -3.37% from its previous closing price of $9.50. In other words, the price has decreased by -$3.37 from its previous closing price. On the day, 17.88 million shares were traded. SNAP stock price reached its highest trading level at $9.44 during the session, while it also had its lowest trading level at $9.13.
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 4.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1026.91. 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.
On July 23, 2024, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight and also upped its target price recommendation from $12 to $16.
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 Aug 16 ’24 when Young Eric sold 114,097 shares for $9.11 per share. The transaction valued at 1,039,047 led to the insider holds 3,041,723 shares of the business.
Morrow Rebecca sold 8,923 shares of SNAP for $81,235 on Aug 16 ’24. The CAO now owns 472,405 shares after completing the transaction at $9.10 per share. On Aug 16 ’24, another insider, O’Sullivan Michael J., who serves as the General Counsel of the company, sold 12,512 shares for $9.11 each. As a result, the insider received 113,933 and left with 1,328,085 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 15234027520 and an Enterprise Value of 16392702976. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.02 while its Price-to-Book (P/B) ratio in mrq is 7.35. Its current Enterprise Value per Revenue stands at 3.291 whereas that against EBITDA is -16.854.
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 -29.89%, while the 200-Day Moving Average is calculated to be -32.93%.
Shares Statistics:
For the past three months, SNAP has traded an average of 22.37M shares per day and 20036320 over the past ten days. A total of 1.39B shares are outstanding, with a floating share count of 1.04B. Insiders hold about 36.89% of the company’s shares, while institutions hold 55.41% stake in the company. Shares short for SNAP as of 1723680000 were 54173081 with a Short Ratio of 2.42, compared to 1721001600 on 67238619. Therefore, it implies a Short% of Shares Outstanding of 54173081 and a Short% of Float of 5.9499998.
