As of Thursday close, Snap Inc.’s (NYSE:SNAP) stock was down -$0.12, moving down -1.31 percent to $9.04. The average number of shares traded per day over the past five days has been 22,399,881 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.18 fall in that time frame. In the last twenty days, the average volume was 34,004,426, while in the previous 50 days, it was 28,908,498.
Since last month, SNAP stock retreated -31.05%. Shares of the company fell to $9.03 on 08/17/23, the lowest level in the past month. A 52-week high of $13.89 was reached on 07/13/23 after having rallying from a 52-week low of $7.33. Since the beginning of this year, SNAP’s stock price has risen by 1.01% or $0.09, and marked a new high 20 times. However, the stock has declined by -34.92% 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 18 days ago on Jul 31. O’Sullivan Michael J., the General Counsel of the company, disposed of 13,000 shares for $11.22 on Jul 31. It resulted in a $145,898 divestment by the insider. Murphy Robert C. sold 1,000,000 shares at an average price of $10.56 on Jul 27. The insider now owns 68,916,328 shares following the transaction. On Jul 17, CAO Morrow Rebecca sold 5,589 shares at $13.13 apiece. The transaction was valued at $73,375.
Valuation Metrics
The stock’s beta is 1.29. Besides these, the trailing price-to-sales (P/S) ratio of 3.33, the price-to-book (PB) ratio of 5.79, and the price-to-cash flow ratio of 184.32 may also be considered.
Financial Health
In the three months ended June 30, Snap Inc.’s quick ratio stood at 5.20, while its current ratio was 5.20, 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 June 30 was 1.50, and the total debt-to-equity ratio was 1.50. On the profitability front, the trailing twelve-month gross margin is 58.40% percent. In the year ended June 30, EBITDA margin amounted to -25.93%, whereas operating margins totaled -33.30%. Based on annual data, SNAP earned $2.79 billion in gross profit and brought in $4.6 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 -22.50%. Return on equity (ROE) for the past 12 months was -51.30%.
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 fell -4.05% to $988.61 million during the quarter, while net income inched up to $1.07 billion. While analysts expected Snap Inc. to report -$0.04 quarterly earnings, the actual figure was -$0.02 per share. During the quarter, the company generated -$362.81 million in EBITDA. The liabilities of Snap Inc. were 5.16 billion at the end of its most recent quarter ended June 30, and its total debt was $4.16 billion. The value of shareholders’ equity is $1.62 billion.
Technical Picture
This quick technical analysis looks at Snap Inc.’s (SNAP) price momentum. With a historical volatility rate of 12.64%, the RSI 9-day stood at 15.86% on 17 August.
With respect to its five-day moving average, the current Snap Inc. price is down by -11.55% percent or -$1.18. At present, SNAP shares trade -30.09% below its 20-day simple moving average and -21.80% percent below its 100-day simple moving average. However, the stock is currently trading approximately -13.99% below its SMA50 and -10.32% below its SMA200.
Stochastic coefficient K was 1.36% and Stochastic coefficient D was 3.22%, while ATR was 0.41. Given the Stochastic reading of 0.43% for the 14-day period, the RSI (14) reading has been calculated as 24.86%. As of today, the MACD Oscillator reading stands at -0.69, while the 14-day reading stands at -1.08.
Analyst Ratings
Snap Inc. downgraded its rating on Snap Inc. (NYSE: SNAP) to a Sell in a note to investors on July 28, 2023. The analysts firm previously had a Hold rating on the stock.Snap Inc. (SNAP) has been rated Hold by analysts. According to 4 brokerage firms, SNAP is a sell, and 30 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 2 analysts rate Snap Inc. stock as buy, with 4 recommending it as overweight.
With a median target price of $9.50, the current consensus forecast for the stock is $6.00 – $15.00. Based on these forecasts, analysts predict Snap Inc. (SNAP) will achieve an average price target of $9.91.
