The stock of Snap-on, Inc. (SNA) has seen a 14.49% increase in the past week, with a 16.79% gain in the past month, and a 21.00% flourish in the past quarter. The volatility ratio for the week is 3.01%, and the volatility levels for the past 30 days are at 1.78% for SNA. The simple moving average for the past 20 days is 12.77% for SNA’s stock, with a 17.55% simple moving average for the past 200 days.
Is It Worth Investing in Snap-on, Inc. (NYSE: SNA) Right Now?
Snap-on, Inc. (NYSE: SNA) has a higher price-to-earnings ratio of 17.04x compared to its average ratio, The 36-month beta value for SNA is at 0.97. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 5 rating it as “overweight,” 2 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SNA is 51.61M, and currently, shorts hold a 4.99% of that float. The average trading volume for SNA on October 18, 2024 was 280.73K shares.
SNA) stock’s latest price update
Snap-on, Inc. (NYSE: SNA) has seen a rise in its stock price by 9.97 in relation to its previous close of 298.08. However, the company has experienced a 14.49% gain in its stock price over the last five trading sessions. fool.com reported 2024-10-17 that Snap-on Tools’ sequential sales growth has the market optimistic that the company’s growth could turn around.
Analysts’ Opinion of SNA
Many brokerage firms have already submitted their reports for SNA stocks, with ROTH MKM repeating the rating for SNA by listing it as a “Buy.” The predicted price for SNA in the upcoming period, according to ROTH MKM is $324 based on the research report published on July 17, 2023 of the previous year 2023.
ROTH MKM gave a rating of “Buy” to SNA, setting the target price at $298 in the report published on May 18th of the previous year.
SNA Trading at 15.85% from the 50-Day Moving Average
After a stumble in the market that brought SNA to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 8.31% of gains for the given period.
Volatility was left at 1.78%, however, over the last 30 days, the volatility rate increased by 3.01%, as shares surge +14.57% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +21.84% upper at present.
During the last 5 trading sessions, SNA rose by +14.49%, which changed the moving average for the period of 200-days by +13.52% in comparison to the 20-day moving average, which settled at $290.67. In addition, Snap-on, Inc. saw 13.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNA starting from RICHARD T. MILLER, who proposed sale 1,500 shares at the price of $298.08 back on Oct 17 ’24. After this action, RICHARD T. MILLER now owns shares of Snap-on, Inc., valued at $447,120 using the latest closing price.
IAIN BOYD, the Officer of Snap-on, Inc., proposed sale 3,116 shares at $298.08 during a trade that took place back on Oct 17 ’24, which means that IAIN BOYD is holding shares at $928,817 based on the most recent closing price.
Stock Fundamentals for SNA
Current profitability levels for the company are sitting at:
- 0.22 for the present operating margin
- 0.51 for the gross margin
The net margin for Snap-on, Inc. stands at 0.21. The total capital return value is set at 0.15. Equity return is now at value 20.57, with 13.78 for asset returns.
Based on Snap-on, Inc. (SNA), the company’s capital structure generated 0.19 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.23. The interest coverage ratio of the stock is 42.7.
Currently, EBITDA for the company is 1.41 billion with net debt to EBITDA at -0.05. When we switch over and look at the enterprise to sales, we see a ratio of 3.44. The receivables turnover for the company is 6.28for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.06.
Conclusion
In conclusion, Snap-on, Inc. (SNA) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
