The 36-month beta value for SNAP is also noteworthy at 1.14. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 3 rating it as “overweight,” 20 rating it as “hold,” and 9 rating it as “sell.”
The public float for SNAP is 1.04B, and at present, short sellers hold a 5.42% of that float. The average trading volume of SNAP on April 08, 2024 was 30.46M shares.
SNAP) stock’s latest price update
The stock of Snap Inc (NYSE: SNAP) has decreased by -0.18 when compared to last closing price of 11.02. Despite this, the company has experienced a -4.18% fall in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-06 that Snap experienced tepid revenue growth last year, but a strengthening advertising market should serve as a tailwind in 2024. The company is consistently growing its daily active user count, and is building out its AI capabilities as part of its strategy to maintain that growth.
SNAP’s Market Performance
SNAP’s stock has fallen by -4.18% in the past week, with a monthly drop of -1.43% and a quarterly drop of -32.10%. The volatility ratio for the week is 3.26% while the volatility levels for the last 30 days are 3.72% for Snap Inc The simple moving average for the past 20 days is -3.61% for SNAP’s stock, with a -8.07% simple moving average for the past 200 days.
Analysts’ Opinion of SNAP
Many brokerage firms have already submitted their reports for SNAP stocks, with Piper Sandler repeating the rating for SNAP by listing it as a “Neutral.” The predicted price for SNAP in the upcoming period, according to Piper Sandler is $17 based on the research report published on January 17, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see SNAP reach a price target of $22. The rating they have provided for SNAP stocks is “Outperform” according to the report published on January 09th, 2024.
Raymond James gave a rating of “Outperform” to SNAP, setting the target price at $20 in the report published on December 20th of the previous year.
SNAP Trading at -10.68% from the 50-Day Moving Average
After a stumble in the market that brought SNAP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -38.55% of loss for the given period.
Volatility was left at 3.72%, however, over the last 30 days, the volatility rate increased by 3.26%, as shares sank -7.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -32.60% lower at present.
During the last 5 trading sessions, SNAP fell by -4.18%, which changed the moving average for the period of 200-days by +3.97% in comparison to the 20-day moving average, which settled at $11.37. In addition, Snap Inc saw -35.03% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNAP starting from O’Sullivan Michael J., who sale 18,000 shares at the price of $11.53 back on Mar 28 ’24. After this action, O’Sullivan Michael J. now owns 474,812 shares of Snap Inc, valued at $207,594 using the latest closing price.
Andersen Derek, the Chief Financial Officer of Snap Inc, sale 96,953 shares at $10.99 during a trade that took place back on Mar 18 ’24, which means that Andersen Derek is holding 2,534,689 shares at $1,065,979 based on the most recent closing price.
Stock Fundamentals for SNAP
Current profitability levels for the company are sitting at:
- -0.3 for the present operating margin
- 0.54 for the gross margin
The net margin for Snap Inc stands at -0.29. The total capital return value is set at -0.2. Equity return is now at value -52.95, with -16.53 for asset returns.
Based on Snap Inc (SNAP), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at 0.06. The debt to equity ratio resting at 1.8. The interest coverage ratio of the stock is -63.49.
Currently, EBITDA for the company is -1.1 billion with net debt to EBITDA at -2.32. When we switch over and look at the enterprise to sales, we see a ratio of 4.5. The receivables turnover for the company is 3.6for trailing twelve months and the total asset turnover is 0.58. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.
Conclusion
In summary, Snap Inc (SNAP) has had a bad performance as of late. Analysts have bearish opinions on the stock, with some viewing it as a “sell” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
