Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
The price of Snap Inc (NYSE: SNAP) closed at $11.63 in the last session, up 6.70% from day before closing price of $10.90. In other words, the price has increased by $6.70 from its previous closing price. On the day, 54.38 million shares were traded. SNAP stock price reached its highest trading level at $11.78 during the session, while it also had its lowest trading level at $11.07.
Ratios:
We take a closer look at SNAP’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.42 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 551.79. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Apr 16 ’24 when Morrow Rebecca sold 428 shares for $10.19 per share. The transaction valued at 4,362 led to the insider holds 492,656 shares of the business.
O’Sullivan Michael J. sold 18,000 shares of SNAP for $207,594 on Mar 28 ’24. The General Counsel now owns 474,812 shares after completing the transaction at $11.53 per share. On Mar 18 ’24, another insider, Andersen Derek, who serves as the Chief Financial Officer of the company, sold 96,953 shares for $10.99 each. As a result, the insider received 1,065,979 and left with 2,534,689 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 19196827648 and an Enterprise Value of 19997763584. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 7.93. Its current Enterprise Value per Revenue stands at 4.342 whereas that against EBITDA is -16.259.
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 2.73%, while the 200-Day Moving Average is calculated to be -2.72%.
Shares Statistics:
According to the various share statistics, SNAP traded on average about 30.24M shares per day over the past 3-months and 26712370 shares per day over the past 10 days. A total of 1.39B shares are outstanding, with a floating share count of 1.04B. Insiders hold about 36.89% of the company’s shares, while institutions hold 48.00% stake in the company. Shares short for SNAP as of 1711584000 were 81328210 with a Short Ratio of 2.69, compared to 1709164800 on 58782298. Therefore, it implies a Short% of Shares Outstanding of 81328210 and a Short% of Float of 9.0100005.
Earnings Estimates
The market rating for Snap Inc (SNAP) is a result of the insights provided by Snap Inc. analysts actively involved in the assessment.
