Does Snap Inc. (SNAP) Have Insiders Selling Shares?

As of Thursday close, Snap Inc.’s (NYSE:SNAP) stock was up $0.86, moving up 6.57 percent to $13.94. The average number of shares traded per day over the past five days has been 37,524,238 shares. 4 times new highs have been achieved over the past 5 days, with a $0.74 gain in that time frame. In the last twenty days, the average volume was 56,389,164, while in the previous 50 days, it was 48,196,180.

Since last month, SNAP stock retreated -37.96%. Shares of the company fell to $11.88 on 06/15/22, the lowest level in the past month. A 52-week high of $83.34 was reached on 01/03/22 after having rallying from a 52-week low of $11.88. Since the beginning of this year, SNAP’s stock price has dropped by -70.36% or -$33.09, and marked a new high 1 time. However, the stock has declined by -83.27% since its 52-week high.

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Snap Inc. (SNAP) last reported insider trading activity 8 days ago on Jun 16. Andersen Derek, the Chief Financial Officer of the company, disposed of 38,009 shares for $12.28 on Jun 16. It resulted in a $466,929 divestment by the insider. Gorman Jeremi sold 37,740 shares at an average price of $12.28 on Jun 16. The insider now owns 1,449,178 shares following the transaction. On Jun 15, Chief Financial Officer Andersen Derek sold 6,718 shares at $11.91 apiece. The transaction was valued at $80,011.

Valuation Metrics

The stock’s beta is 1.21. Besides these, the trailing price-to-sales (P/S) ratio of 5.09, the price-to-book (PB) ratio of 6.34, and the price-to-cash flow ratio of 110.39 may also be considered.

Financial Health

In the three months ended March 30, Snap Inc.’s quick ratio stood at 7.20, while its current ratio was 7.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.05, and the total debt-to-equity ratio was 1.05. On the profitability front, the trailing twelve-month gross margin is 60.10% percent. In the year ended March 30, operating margins totaled -15.20%. Based on annual data, SNAP earned $2.37 billion in gross profit and brought in $4.12 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -11.80%. Return on equity (ROE) for the past 12 months was -16.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. SNAP’s revenue rose 27.58% to $1.3 billion during the quarter, while net income inched up to $1.06 billion. While analysts expected Snap Inc. to report $0.01 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated -$232.01 million in EBITDA. The liabilities of Snap Inc. were 5.38 billion at the end of its most recent quarter ended March 30, and its total debt was $4.22 billion. The value of shareholders’ equity is $1.64 billion.

Technical Picture

This quick technical analysis looks at Snap Inc.’s (SNAP) price momentum. With a historical volatility rate of 100.28%, the RSI 9-day stood at 46.64% on 23 June.

With respect to its five-day moving average, the current Snap Inc. price is up by +5.61% percent or $0.74. At present, SNAP shares trade +8.99% above its 20-day simple moving average and -54.17% percent below its 100-day simple moving average. However, the stock is currently trading approximately -59.48% below its SMA50 and -81.78% below its SMA200.

Stochastic coefficient K was 35.34% and Stochastic coefficient D was 25.03%, while ATR was 1.19. Given the Stochastic reading of 51.63% for the 14-day period, the RSI (14) reading has been calculated as 40.10%. As of today, the MACD Oscillator reading stands at 0.52, while the 14-day reading stands at -0.22.

Analyst Ratings

Snap Inc. downgraded its rating on Snap Inc. (NYSE: SNAP) to a Neutral in a note to investors on June 02, 2022. The analysts firm previously had an Overweight rating on the stock.Snap Inc. (SNAP) has been rated Overweight by analysts. According to 1 brokerage firm, SNAP is a sell, and 9 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 3 analysts rate Snap Inc. stock as buy, with 27 recommending it as overweight.

With a median target price of $26.00, the current consensus forecast for the stock is $14.00 – $59.00. Based on these forecasts, analysts predict Snap Inc. (SNAP) will achieve an average price target of $28.50.


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