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The closing price of Snap Inc (NYSE: SNAP) was $10.88 for the day, up 4.41% from the previous closing price of $10.42. In other words, the price has increased by $4.41 from its previous closing price. On the day, 22.05 million shares were traded. SNAP stock price reached its highest trading level at $10.91 during the session, while it also had its lowest trading level at $10.3.
Ratios:
Our analysis of SNAP’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 1230.75. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 18055143424 and an Enterprise Value of 19213826048. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.62 while its Price-to-Book (P/B) ratio in mrq is 8.71. Its current Enterprise Value per Revenue stands at 3.857 whereas that against EBITDA is -19.754.
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 8.20%, while the 200-Day Moving Average is calculated to be -17.85%.
Shares Statistics:
SNAP traded an average of 25.50M shares per day over the past three months and 28681420 shares per day 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 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.
