The 36-month beta value for SNAP is also noteworthy at 1.11. 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 7.81% of that float. The average trading volume of SNAP on April 22, 2024 was 30.78M shares.
SNAP) stock’s latest price update
The stock price of Snap Inc (NYSE: SNAP) has plunged by -4.04 when compared to previous closing price of 11.63, but the company has seen a 2.86% gain in its stock price over the last five trading sessions. Invezz reported 2024-04-18 that Snap Inc (NYSE: SNAP) has gained over 10% in recent sessions but it may not be out of juice just yet, as per Wells Fargo. How high could Snap stock go in 2024?
SNAP’s Market Performance
Snap Inc (SNAP) has seen a 2.86% rise in stock performance for the week, with a -0.36% decline in the past month and a -32.03% plunge in the past quarter. The volatility ratio for the week is 6.47%, and the volatility levels for the past 30 days are at 3.97% for SNAP. The simple moving average for the past 20 days is 0.42% for SNAP’s stock, with a -6.64% 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 -0.40% 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 -37.65% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 6.47%. Over the last 50 days, in opposition, the stock is trading -2.19% lower at present.
During the last 5 trading sessions, SNAP rose by +2.86%, which changed the moving average for the period of 200-days by -7.92% in comparison to the 20-day moving average, which settled at $11.11. In addition, Snap Inc saw -34.08% 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 Morrow Rebecca, who sale 428 shares at the price of $10.19 back on Apr 16 ’24. After this action, Morrow Rebecca now owns 492,656 shares of Snap Inc, valued at $4,362 using the latest closing price.
O’Sullivan Michael J., the General Counsel of Snap Inc, sale 18,000 shares at $11.53 during a trade that took place back on Mar 28 ’24, which means that O’Sullivan Michael J. is holding 474,812 shares at $207,594 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 4.56. 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 mixed 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.
