In last trading session, Snap Inc. (NYSE:SNAP) saw 10,302,501 shares changing hands with its beta currently measuring 1.76. Company’s recent per share price level of $23.67 trading at -$0.8 or -3.25% at recent trade assigns it a market valuation of $34.53 Billion. That current price of SNAP’s stock is at a discount of -5.28% from its 52-week high price of $24.92 and is indicating a premium of 66.67% from its 52-week low price of $7.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 25.2 Million shares which gives us an average trading volume of 30.78 Million if we extend that period to 3-months.
For Snap Inc. (SNAP), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.2. Splitting up the data highlights that, out of 41 analysts covering the stock, 2 rated the stock as a Sell while 1 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 24 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.1 in the current quarter.
Snap Inc. (NYSE:SNAP) trade information
In the face of being in the red today for losing -4.43%, in the last five days SNAP remained trading in the green while hitting it’s week-highest on Friday, Jun 26 when the stock touched $24.90- price level, adding 4.78% to its value on the day. Snap Inc.’s shares saw a change of 45.19% in year-to-date performance and have moved 4.63% in past 5-day. Snap Inc. (NYSE:SNAP) showed a performance of 36.19% in past 30-days. Number of shares sold short was 92.33 Million shares which calculate 3 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $19.5 to the stock, which implies targetted prices is already lagging behind -17.62% to its current value. Analysts have been projecting $6.5 as a low price target for the stock while placing it at a high target of $28. It follows that stock’s current price would jump +18.29% in reaching the projected high whereas dropping to the targeted low would mean a loss of -72.54% for stock’s current value.
Snap Inc. (SNAP) estimates and forecasts
Statistics highlight that Snap Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +56.82% of value to its shares in past 6 months, showing an annual growth rate of 37.5% while that of industry is 3. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -66.7% in the current quarter and calculating -25% decline in the next quarter. This year revenue growth is estimated to rise 22.6% from the last financial year’s standing.
34 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $431.83 Million for the same. And 34 analysts are in estimates of company making revenue of $521.9 Million in the next quarter that will end in September 01, 2020. Company posted $359.56 Million and $446.2 Million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 20.1% while estimating it to be 17% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 22.2% while estimates for its earnings growth in next 5 years are of 0%
Snap Inc. (NYSE:SNAP)’s Major holders
Insiders are in possession of 26.65% of company’s total shares while institution are holding 48.84% percent of that, with stock having share float percentage of 66.59%. Investors also watch the number of corporate investors in a company very closely, which is 632 institutions for Snap Inc. that are currently holding shares of the company. Price (T.Rowe) Associates Inc is the top institutional holder at SNAP for having 87.87 Million shares of worth $1.04 Billion. And as of March 30, 2020, it was holding 7.54% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 84.16 Million shares on March 30, 2020. The number of shares represents firm’s hold over 7.23% of outstanding shares, having a total worth of $1Billion.
On the other hand, Vanguard Total Stock Market Index Fund and Price (T.Rowe) Growth Stock Fund Inc. are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 28364591 shares of worth $337.25 Million or 2.44% of the total outstanding shares. The later fund manager was in possession of 28.2 Million shares on March 30, 2020, making its stake of worth around $335.25 Million in the company or a holder of 2.42% of company’s stock.