Snap Inc. (NYSE:SNAP) saw a downside of -1.68% to close Friday at $75.00 after subtracting -$1.28 on the day. The 5-day average trading volume is 13,084,280 shares of the company’s common stock. It has gained $77.41 in the past week. An average of 17,179,775 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 14,316,450.
SNAP’s 1-month performance is 0.51% or $0.87 on its low of $69.82 reached on 09/13/21. The company’s shares have touched a 52-week low of $26.68 and high of $83.34, with the stock’s rally to the 52-week high happening on 09/24/21. YTD, SNAP has achieved 49.79% or $24.93. However, the current price is down -10.01%% from the 52-week high price.
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
On Sep 30, 11 days have gone by since the last insider trading activity for Snap Inc. (SNAP). O’Sullivan Michael J. (General Counsel) most recently sold 6,000 shares at $73.82 per share on Sep 30. This transaction cost the insider $442,949. Chief Executive Officer, Spiegel Evan, sold 306,522 shares at a price of $81.56 on Sep 27. Then, on Sep 24, Chief Executive Officer Spiegel Evan sold 311,904 shares at a price of $80.15 per share. This transaction amounted to $25,000,041.
Snap Inc. (SNAP) has a trailing price-to-earnings (P/E) ratio of 30.20 for the broader industry and 30.66 for the sector.SNAP stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 36.09 while the price-to-book (PB) in the most recent quarter is 39.89.
Snap Inc.’s quick ratio for the period ended June 29 was 5.80, with the current ratio over the same period at 5.80 meaning that SNAP stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.88, while the total debt to equity was 0.88. In terms of profitability, the gross margin trailing 12 months is 54.00%. The trailing 12-month EBITDA margin is -30.93% while for the period ending June 29; Snap Inc.’s operating margin was -22.80%. The firm’s gross profit as reported stood at $1.32 billion against revenue of $2.51 billion.
For the quarterly period ending June 29 this year, Snap Inc.’s cash and short-term investments amounted to $1.42 billion against total debt of $2.91 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 53.76% to $982.11 million, while revenue of $769.58 million was 21.64% off the previous quarter. Analysts expected SNAP to announce -$0.01 per share in earnings in its latest quarter, but it posted $0.1, representing a 1,100.00% surprise. EBITDA for the quarter stood at more than -$163.09 million. SNAP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.91 billion, with total debt at $2.91 billion. Shareholders hold equity totaling $1.58 billion
Let’s look briefly at Snap Inc. (SNAP) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 50.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 60.98%.
The stock’s 5-day moving average is $73.81, reflecting a -0.33% or -$0.25 change from its current price. SNAP is currently trading +0.67% above its 20-day SMA, +40.55% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +0.11% and +43.98% respectively.
Stochastic %K and %D was 36.15% and 29.31% and the average true range (ATR) pointed at 3.68. The RSI (14) points at 50.71%, while the 14-day stochastic is at 37.62% with the period’s ATR at 3.61. The stock’s 9-day MACD Oscillator is pointing at 0.99 and -1.03 on the 14-day charts.
In the most recent analyst report for Snap Inc. (NYSE: SNAP), RBC Capital Mkts launched coverage with an Outperform rating. Analysts offering their rating for SNAP stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SNAP as a “sell,”, while 11 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 3 rates the stock as overweight while 26 have offered a “buy” rating.
What is SNAP’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $42.20 and a high of $110.00, with their median price target at $88.00. Looking at these predictions, the average price target given by analysts is for Snap Inc. (SNAP) stock is $85.95.