Snap Inc (NYSE:SNAP) has a beta value of 1.13 and has seen 28.39 million shares traded in the last trading session. The company, currently valued at $18.26B, closed the last trade at $11.06 per share which meant it lost -$0.13 on the day or -1.16% during that session. The SNAP stock price is -61.84% off its 52-week high price of $17.90 and 28.93% above the 52-week low of $7.86. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30.69 million shares traded. The 3-month trading volume is 32.06 million shares.
Snap Inc (NYSE:SNAP) trade information
Sporting -1.16% in the red in last session, the stock has traded in the red over the last five days, when the SNAP stock price touched $11.06 or saw a rise of 10.45%. Year-to-date, Snap Inc shares have moved -34.67%, while the 5-day performance has seen it change -6.82%. Over the past 30 days, the shares of Snap Inc (NYSE:SNAP) have changed -4.66%. Short interest in the company has seen 58.78 million shares shorted with days to cover at 1.37.
Snap Inc (SNAP) estimates and forecasts
Figures show that Snap Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 20.74% over the past 6 months, with this year growth rate of 77.78%, compared to 20.50% for the industry. Other than that, the company has, however, increased its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -500.00% and 100.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be 13.80%.
33 analysts offering their estimates for the company have set an average revenue estimate of $1.03 billion for the current quarter. 33 have an estimated revenue figure of $1.12 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $1.01 billion and $1.05 billion respectively for this quarter and the next, and analysts expect sales will grow by 1.90% for the current quarter and 5.90% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 3.22% over the past 5 years.
SNAP Dividends
Snap Inc is expected to release its next earnings report between April 25 and April 29 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
