The closing price of Snap Inc (NYSE: SNAP) was $11.25 for the day, up 2.09% from the previous closing price of $11.02. In other words, the price has increased by $+0.23 from its previous closing price. On the day, 20629517 shares were traded. SNAP stock price reached its highest trading level at $11.28 during the session, while it also had its lowest trading level at $11.00.
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 5.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 533.77. For the most recent quarter (mrq), Quick Ratio is recorded 4.39 and its Current Ratio is at 4.39. In the meantime, Its Debt-to-Equity ratio is 1.80 whereas as Long-Term Debt/Eq ratio is at 1.78.
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, Piper Sandler on January 17, 2024, Reiterated its Neutral rating but revised its target price to $17 from $12 previously.
On January 09, 2024, BMO Capital Markets started tracking the stock assigning a Outperform rating and target price of $22.
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 Feb 16 when Young Eric sold 120,472 shares for $11.13 per share. The transaction valued at 1,341,444 led to the insider holds 3,540,852 shares of the business.
Morrow Rebecca sold 9,386 shares of SNAP for $104,521 on Feb 16. The CAO now owns 495,526 shares after completing the transaction at $11.14 per share. On Feb 08, another insider, Spiegel Evan, who serves as the Chief Executive Officer of the company, sold 150,000 shares for $11.11 each. As a result, the insider received 1,666,530 and left with 3,627,844 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 18.57B and an Enterprise Value of 19.37B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.03 while its Price-to-Book (P/B) ratio in mrq is 7.67. Its current Enterprise Value per Revenue stands at 4.21 whereas that against EBITDA is -17.55.
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 $7.86. The 50-Day Moving Average of the stock is 14.72, while the 200-Day Moving Average is calculated to be 11.81.
Shares Statistics:
SNAP traded an average of 31.83M shares per day over the past three months and 27.18M shares per day over the past ten days. A total of 1.39B shares are outstanding, with a floating share count of 1.04B. Insiders hold about 36.96% of the company’s shares, while institutions hold 47.96% stake in the company. Shares short for SNAP as of Feb 15, 2024 were 60.92M with a Short Ratio of 1.91, compared to 94.81M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.69% and a Short% of Float of 6.75%.
Earnings Estimates
The firm’s stock currently is rated by 20 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0.01 and a low estimate of -$0.1, while EPS last year was $0.01. The consensus estimate for the next quarter is $0, with high estimates of $0.09 and low estimates of -$0.05.
Analysts are recommending an EPS of between $0.35 and $0 for the fiscal current year, implying an average EPS of $0.17. EPS for the following year is $0.36, with 23 analysts recommending between $0.65 and $0.07.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 32 analysts. It ranges from a high estimate of $1.14B to a low estimate of $1.1B. As of the current estimate, Snap Inc’s year-ago sales were $1.01B, an estimated increase of 11.00% from the year-ago figure. For the next quarter, 32 analysts are estimating revenue of $1.22B, an increase of 15.40% over than the figure of $11.00% in the same quarter last year. There is a high estimate of $1.25B for the next quarter, whereas the lowest estimate is $1.18B.
A total of 36 analysts have provided revenue estimates for SNAP’s current fiscal year. The highest revenue estimate was $5.59B, while the lowest revenue estimate was $5.06B, resulting in an average revenue estimate of $5.24B. In the same quarter a year ago, actual revenue was $4.61B, up 13.80% from the average estimate. Based on 33 analysts’ estimates, the company’s revenue will be $5.98B in the next fiscal year. The high estimate is $6.5B and the low estimate is $5.46B. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
