Snap Inc (NYSE:SNAP) saw a downside of -1.04% to close Monday at $8.60 after subtracting -$0.09 on the day. The 5-day average trading volume is 17,584,699 shares of the company’s common stock. It has gained $9.38 in the past week and touched a new high 2 times within the past 5 days. An average of 18,972,105 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 25,286,234.
SNAP’s 1-month performance is -8.22% or -$0.65 on its low of $8.55 reached on 09/25/23. 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 lost -3.91% or -$0.35 and has reached a new high 20 times. However, the current price is down -38.08% from the 52-week high price.
Insider Transactions
SNAP stock investors last saw insider trading activity on Sep 19.Hunter Jerry James (Chief Operating Officer) most recently sold 48,154 shares at $8.80 per share on Sep 19. This transaction cost the insider $423,789. Chief Operating Officer, Hunter Jerry James, sold 76,556 shares at a price of $8.87 on Sep 18. Then, on Sep 18, Chief Financial Officer Andersen Derek sold 28,346 shares at a price of $8.87 per share. This transaction amounted to $251,327.
Valuation Metrics
SNAP stock has a beta of 1.29. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.11 while the price-to-book (PB) in the most recent quarter is 5.55, with the price to cash flow ratio at 91.83.
Snap Inc’s quick ratio for the period ended June 29 was 5.16, with the current ratio over the same period at 5.16. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.64, while the total debt to equity was 1.66. In terms of profitability, the gross margin trailing 12 months is 54.85%. The trailing 12-month EBITDA margin is -25.93% while for the period ending June 29, Snap Inc’s operating margin was -33.28%. 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, 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 25 September was 28.23% to suggest the stock is trending oversold, with historical volatility in this time period at 27.86%.
The stock’s 5-day moving average is $8.79, reflecting a -3.26% or -$0.29 change from its current price. SNAP is currently trading -7.03% above its 20-day SMA, +3.49% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -34.60% and SMA200 by-8.70%.
Stochastic %K and %D was 2.63% and 8.28% and the average true range (ATR) pointed at 0.33. The RSI (14) points at 32.28%, while the 14-day stochastic is at 2.87% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at -0.30 and -0.52 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, 5 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 2 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 $9.25. Looking at these predictions, the average price target given by analysts is for Snap Inc (SNAP) stock is $9.61.
