The stock has a 36-month beta value of 1.12. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 3 as “overweight,” 20 as “hold,” and 9 as “sell.”
The public float for SNAP is 1.04B, and at present, short sellers hold a 7.96% of that float. On April 29, 2024, the average trading volume of SNAP was 32.47M shares.
SNAP) stock’s latest price update
Snap Inc (NYSE: SNAP)’s stock price has plunge by 27.63relation to previous closing price of 11.40. Nevertheless, the company has seen a 30.38% surge in its stock price over the last five trading sessions. MarketBeat reported 2024-04-28 that Snap Inc. NYSE: SNAP investors are rejoicing after the company reported a surprise profit in its Q1 2024 earnings report. The company also raised its outlook for Q2 2024 as a cherry on top.
SNAP’s Market Performance
Snap Inc (SNAP) has seen a 30.38% rise in stock performance for the week, with a 27.07% gain in the past month and a -10.46% plunge in the past quarter. The volatility ratio for the week is 7.13%, and the volatility levels for the past 30 days are at 4.95% for SNAP. The simple moving average for the past 20 days is 31.16% for SNAP’s stock, with a 21.93% simple moving average for the past 200 days.
Analysts’ Opinion of SNAP
Piper Sandler, on the other hand, stated in their research note that they expect to see SNAP reach a price target of $17, previously predicting the price at $12. The rating they have provided for SNAP stocks is “Neutral” according to the report published on January 17th, 2024.
BMO Capital Markets gave a rating of “Outperform” to SNAP, setting the target price at $22 in the report published on January 09th of the current year.
SNAP Trading at 29.91% 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 -18.72% of loss for the given period.
Volatility was left at 4.95%, however, over the last 30 days, the volatility rate increased by 7.13%, as shares surge +26.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.63% upper at present.
During the last 5 trading sessions, SNAP rose by +30.38%, which changed the moving average for the period of 200-days by +8.83% in comparison to the 20-day moving average, which settled at $11.25. In addition, Snap Inc saw -14.06% 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:
- -0.28 for the present operating margin
- 0.52 for the gross margin
The net margin for Snap Inc stands at -0.27. The total capital return value is set at -0.23. Equity return is now at value -55.16, with -17.25 for asset returns.
Based on Snap Inc (SNAP), the company’s capital structure generated 0.61 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 1.57. The interest coverage ratio of the stock is -65.43.
Currently, EBITDA for the company is -1.1 billion with net debt to EBITDA at -2.54. When we switch over and look at the enterprise to sales, we see a ratio of 5.58. The receivables turnover for the company is 4.34for trailing twelve months and the total asset turnover is 0.67. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.76.
Conclusion
To sum up, Snap Inc (SNAP) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
