Financial Health Report: Snap Inc (SNAP)’s Ratios Tell a Tale

Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.

Snap Inc (NYSE: SNAP) closed the day trading at $15.62 down -0.89% from the previous closing price of $15.76. In other words, the price has decreased by -$0.89 from its previous closing price. On the day, 29.88 million shares were traded. SNAP stock price reached its highest trading level at $15.89 during the session, while it also had its lowest trading level at $15.38.

Ratios:

For a better understanding of SNAP, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 3.76 and its Current Ratio is at 3.76. In the meantime, Its Debt-to-Equity ratio is 1.83 whereas as Long-Term Debt/Eq ratio is at 1.81.

On January 17, 2024, Piper Sandler reiterated its Neutral rating and also lowered its target price recommendation from $12 to $17.

On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $22.BMO Capital Markets initiated its Outperform rating on January 09, 2024, with a $22 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 Apr 30 ’24 when O’Sullivan Michael J. sold 18,000 shares for $15.10 per share. The transaction valued at 271,802 led to the insider holds 456,812 shares of the business.

Murphy Robert C. sold 1,000,000 shares of SNAP for $14,274,500 on Apr 29 ’24. The Chief Technology Officer now owns 59,894,865 shares after completing the transaction at $14.27 per share. On Apr 29 ’24, another insider, Spiegel Evan, who serves as the Chief Executive Officer of the company, sold 150,000 shares for $14.35 each. As a result, the insider received 2,153,025 and left with 3,477,844 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 25862815744 and an Enterprise Value of 26613870592. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.36 while its Price-to-Book (P/B) ratio in mrq is 12.04. Its current Enterprise Value per Revenue stands at 5.53 whereas that against EBITDA is -23.695.

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 26.12%, while the 200-Day Moving Average is calculated to be 28.75%.

Shares Statistics:

Over the past 3-months, SNAP traded about 30.37M shares per day on average, while over the past 10 days, SNAP traded about 31084250 shares per day. A total of 1.39B shares are outstanding, with a floating share count of 1.04B. Insiders hold about 36.79% of the company’s shares, while institutions hold 48.57% stake in the company. Shares short for SNAP as of 1714435200 were 70027531 with a Short Ratio of 2.31, compared to 1711584000 on 81328210. Therefore, it implies a Short% of Shares Outstanding of 70027531 and a Short% of Float of 7.84.

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