Investor’s Delight: Snap Inc (SNAP) Closes Strong at 16.26, Up 1.50

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The closing price of Snap Inc (NYSE: SNAP) was $16.26 for the day, up 1.50% from the previous closing price of $16.02. In other words, the price has increased by $1.50 from its previous closing price. On the day, 11.63 million shares were traded. SNAP stock price reached its highest trading level at $16.36 during the session, while it also had its lowest trading level at $15.7.

Ratios:

Our analysis of SNAP’s different ratios will help us gain a deeper understanding of the company. 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:

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 Jun 28 ’24 when O’Sullivan Michael J. sold 18,000 shares for $16.56 per share. The transaction valued at 298,100 led to the insider holds 481,908 shares of the business.

Andersen Derek sold 122,429 shares of SNAP for $1,896,164 on Jun 17 ’24. The Chief Financial Officer now owns 2,385,578 shares after completing the transaction at $15.49 per share. On Jun 17 ’24, another insider, O’Sullivan Michael J., who serves as the General Counsel of the company, sold 58,924 shares for $15.51 each. As a result, the insider received 913,811 and left with 1,391,122 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 26289494016 and an Enterprise Value of 27664134144. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.54 while its Price-to-Book (P/B) ratio in mrq is 12.54. Its current Enterprise Value per Revenue stands at 5.749 whereas that against EBITDA is -24.63.

Stock Price History:

The Beta on a monthly basis for SNAP is 1.04, which has changed by 0.3415842 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 6.19%, while the 200-Day Moving Average is calculated to be 24.34%.

Shares Statistics:

SNAP traded an average of 26.20M shares per day over the past three months and 18109140 shares per day over the past ten days. A total of 1.39B shares are outstanding, with a floating share count of 1.03B. Insiders hold about 36.99% of the company’s shares, while institutions hold 49.32% stake in the company. Shares short for SNAP as of 1718323200 were 52440963 with a Short Ratio of 2.00, compared to 1715731200 on 59197147. Therefore, it implies a Short% of Shares Outstanding of 52440963 and a Short% of Float of 5.87.

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