Last Week, Snap Inc. (SNAP) Recorded A Gain Of $50.68

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As of Wednesday close, Snap Inc.’s (NYSE:SNAP) stock was up $0.41, moving up 4.14 percent to $10.32. The average number of shares traded per day over the past five days has been 23,598,760 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.75 fall in that time frame. In the last twenty days, the average volume was 40,091,180, while in the previous 50 days, it was 47,109,367.

Since last month, SNAP stock rose 7.50%. Shares of the company fell to $7.49 on 10/24/22, the lowest level in the past month. A 52-week high of $54.89 was reached on 01/03/22 after having rallying from a 52-week low of $7.33. Since the beginning of this year, SNAP’s stock price has dropped by -78.06% or -$36.71, and marked a new high 1 time. However, the stock has declined by -81.20% since its 52-week high.


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SNAP stock investors should be aware that Snap Inc. (SNAP) stock had its last reported insider trading activity 9 days ago on Nov 16. O’Sullivan Michael J., the General Counsel of the company, disposed of 44,404 shares for $11.16 on Nov 16. It resulted in a $495,740 divestment by the insider. Hunter Jerry James sold 64,673 shares at an average price of $11.17 on Nov 16. The insider now owns 2,872,784 shares following the transaction. On Nov 16, Chief Financial Officer Andersen Derek sold 9,526 shares at $11.17 apiece. The transaction was valued at $106,424.

Valuation Metrics

The stock’s beta is 0.96. Besides these, the trailing price-to-sales (P/S) ratio of 3.76, the price-to-book (PB) ratio of 5.73, and the price-to-cash flow ratio of 125.22 may also be considered.

Financial Health

In the three months ended September 29, Snap Inc.’s quick ratio stood at 4.90, while its current ratio was 4.90, 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 September 29 was 1.29, and the total debt-to-equity ratio was 1.29. On the profitability front, the trailing twelve-month gross margin is 61.50% percent. In the year ended September 29, operating margins totaled -24.60%. 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 -32.70%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SNAP’s revenue rose 5.41% to $1.11 billion during the quarter, while net income inched up to $1.13 billion. While analysts expected Snap Inc. to report -$0.01 quarterly earnings, the actual figure was $0.08 per share. During the quarter, the company generated -$397.12 million in EBITDA. The liabilities of Snap Inc. were 5.38 billion at the end of its most recent quarter ended September 29, and its total debt was $4.18 billion. The value of shareholders’ equity is $1.61 billion.

Technical Picture

This quick technical analysis looks at Snap Inc.’s (SNAP) price momentum. With a historical volatility rate of 71.29%, the RSI 9-day stood at 48.98% on 23 November.

With respect to its five-day moving average, the current Snap Inc. price is down by -6.78% percent or -$0.75. At present, SNAP shares trade +7.72% above its 20-day simple moving average and -28.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -10.42% below its SMA50 and -72.52% below its SMA200.

Stochastic coefficient K was 38.42% and Stochastic coefficient D was 43.51%, while ATR was 0.69. Given the Stochastic reading of 46.75% for the 14-day period, the RSI (14) reading has been calculated as 49.60%. As of today, the MACD Oscillator reading stands at -0.75, while the 14-day reading stands at -0.44.

Analyst Ratings

Truist reiterated its a Hold rating on Snap Inc. (NYSE: SNAP) in a note to investors. The analysts firm has however raised their price target to $10, representing a possible 14.0% increase in the stock price. Snap Inc. (SNAP) has been rated Hold by analysts. According to 4 brokerage firms, SNAP is a sell, and 29 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Snap Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $10.00, the current consensus forecast for the stock is $3.00 – $23.00. Based on these forecasts, analysts predict Snap Inc. (SNAP) will achieve an average price target of $10.52.

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