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In the latest session, Snap Inc (NYSE: SNAP) closed at $10.48 down -2.96% from its previous closing price of $10.80. In other words, the price has decreased by -$2.96 from its previous closing price. On the day, 17.77 million shares were traded. SNAP stock price reached its highest trading level at $10.89 during the session, while it also had its lowest trading level at $10.42.
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 5.64 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1185.50. 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 30 ’24 when O’Sullivan Michael J. sold 18,000 shares for $10.81 per share. The transaction valued at 194,623 led to the insider holds 489,058 shares of the business.
Michael O’Sullivan Living Trus bought 18,000 shares of SNAP for $192,600 on Sep 30 ’24. On Sep 16 ’24, another insider, Andersen Derek, who serves as the Chief Financial Officer of the company, sold 97,608 shares for $9.29 each. As a result, the insider received 906,905 and left with 2,287,970 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 17391349760 and an Enterprise Value of 18550032384. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.49 while its Price-to-Book (P/B) ratio in mrq is 8.39. Its current Enterprise Value per Revenue stands at 3.724 whereas that against EBITDA is -19.072.
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 $8.29. The 50-Day Moving Average of the stock is 6.11%, while the 200-Day Moving Average is calculated to be -20.31%.
Shares Statistics:
For the past three months, SNAP has traded an average of 25.57M shares per day and 24684770 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 52.20% stake in the company. Shares short for SNAP as of 1726185600 were 54156459 with a Short Ratio of 2.12, compared to 1723680000 on 54173081. Therefore, it implies a Short% of Shares Outstanding of 54156459 and a Short% of Float of 5.94.
