During the last session, Snap Inc (NYSE:SNAP)’s traded shares were 15.02 million, with the beta value of the company hitting 1.14. At the end of the trading day, the stock’s price was $11.02, reflecting an intraday loss of -1.17% or -$0.13. The 52-week high for the SNAP share is $17.90, that puts it down -62.43 from that peak though still a striking 28.68% gain since the share price plummeted to a 52-week low of $7.86. The company’s market capitalization is $18.19B, and the average intraday trading volume over the past 10 days was 18.43 million shares, and the average trade volume was 30.47 million shares over the past three months.
Snap Inc (NYSE:SNAP) trade information
Snap Inc (SNAP) registered a -1.17% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.17% in intraday trading to $11.02, hitting a weekly high. The stock’s 5-day price performance is -3.76%, and it has moved by -3.59% in 30 days. Based on these gigs, the overall price performance for the year is -1.96%. The short interest in Snap Inc (NYSE:SNAP) is 56.52 million shares and it means that shorts have 1.99 day(s) to cover.
Snap Inc (SNAP) estimates and forecasts
Statistics show that Snap Inc has outperformed its competitors in share price, compared to the industry in which it operates. Snap Inc (SNAP) shares have gone up 29.04% during the last six months, with a year-to-date growth rate more than the industry average at 77.78% against 20.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -600.00% this quarter and then jump 100.00% in the quarter after that. In the rating firms’ projections, revenue will increase 13.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $1.12 billion as predicted by 33 analyst(s). Meanwhile, a consensus of 33 analyst(s) estimates revenue growth to $1.22 billion by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $1.01 billion and $1.05 billion respectively. In this case, analysts expect current quarter sales to grow by 11.00% and then jump by 15.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.22%. While earnings are projected to return 25.11% in 2024.
SNAP Dividends
Snap Inc is due to release its next quarterly earnings between April 25 and April 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Snap Inc (NYSE:SNAP)’s Major holders
Snap Inc insiders own 25.02% of total outstanding shares while institutional holders control 56.82%, with the float percentage being 75.77%. FMR, LLC is the largest shareholder of the company, while 787 institutions own stock in it. As of Jun 29, 2023, the company held over 157.36 million shares (or 11.50% of all shares), a total value of $1.86 billion in shares.
The next largest institutional holding, with 90.46 million shares, is of Vanguard Group Inc’s that is approximately 6.61% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $1.07 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Snap Inc (SNAP) shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. Data provided on Jul 30, 2023 indicates that Fidelity Blue Chip Growth Fund owns about 71.66 million shares. This amounts to just over 5.24 percent of the company’s overall shares, with a $814.06 million market value. The same data shows that the other fund manager holds slightly less at 31.59 million, or about 2.31% of the stock, which is worth about $374.05 million.
