Snap Inc. (NYSE:SNAP) saw a downside of -0.28% to close Tuesday at $10.54 after subtracting -$0.03 on the day. The 5-day average trading volume is 22,795,561 shares of the company’s common stock. It has gained $11.22 in the past week and touched a new high 1 time within the past 5 days. An average of 37,843,859 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 28,882,244.
SNAP’s 1-month performance is -10.53% or -$1.14 on its low of $9.99 reached on 07/26/23. The company’s shares have touched a 52-week low of $7.33 and high of $13.89, with the stock’s rally to the 52-week high happening on 07/13/23. YTD, SNAP has achieved 17.77% or $1.59 and has reached a new high 20 times. However, the current price is down -24.12% from the 52-week high price.
Insider Transactions
SNAP stock investors last saw insider trading activity on Jul 31.O’Sullivan Michael J. (General Counsel) most recently sold 13,000 shares at $11.22 per share on Jul 31. This transaction cost the insider $145,898. Chief Technology Officer, Murphy Robert C., sold 1,000,000 shares at a price of $10.56 on Jul 27. Then, on Jul 17, CAO Morrow Rebecca sold 5,589 shares at a price of $13.13 per share. This transaction amounted to $73,375.
Valuation Metrics
SNAP stock has a beta of 1.26. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.83 while the price-to-book (PB) in the most recent quarter is 6.76, with the price to cash flow ratio at 211.69.
Snap Inc.’s quick ratio for the period ended June 29 was 5.20, with the current ratio over the same period at 5.20. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.50, while the total debt to equity was 1.50.. In terms of profitability, the gross margin trailing 12 months is 58.40%. The trailing 12-month EBITDA margin is -25.93% while for the period ending June 29, Snap Inc.’s operating margin was -33.30%. The firm’s gross profit as reported stood at $2.79 billion against revenue of $4.6 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Snap Inc.’s cash and short-term investments amounted to $2.46 billion against total debt of $4.16 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income shrunk -11.86% to -$377.31 million, while revenue of -$328.67 million was 12.89% off the previous quarter. Analysts expected SNAP to announce -$0.04 per share in earnings in its latest quarter, but it posted -$0.02, representing a 50.00% surprise. EBITDA for the quarter stood at more than -$362.81 million. SNAP stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.16 billion, with total debt at $4.16 billion. Shareholders hold equity totaling $1.62 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 August was 32.35% to suggest the stock is trending Neutral, with historical volatility in this time period at 46.51%.
The stock’s 5-day moving average is $10.72, reflecting a -6.56% or -$0.74 change from its current price. SNAP is currently trading -17.27% above its 20-day SMA, +1.93% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +7.77% and SMA200 by-2.95%.
Stochastic %K and %D was 18.22% and 20.52% and the average true range (ATR) pointed at 0.52. The RSI (14) points at 37.99%, while the 14-day stochastic is at 16.79% with the period’s ATR at 0.53. The stock’s 9-day MACD Oscillator is pointing at -0.19 and -0.73 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Snap Inc. (NYSE: SNAP), China Renaissance downgraded it to a Sell rating. They previously had a Hold rating on the stock. Analysts offering their rating for SNAP stock have a consensus rating for the stock as Hold. Currently, 4 brokerage advisors rate SNAP as a “sell,”, while 30 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 4 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 $6.00 and a high of $15.00, with their median price target at $9.50. Looking at these predictions, the average price target given by analysts is for Snap Inc. (SNAP) stock is $9.91.
