Is Snap Inc (NYSE: SNAP) Worth Your Money In 2024?

In the last trading session, 24.89 million shares of the Snap Inc (NYSE:SNAP) were traded, and its beta was 1.12. Most recently the company’s share price was $11.14, and it changed around -$0.02 or -0.18% from the last close, which brings the market valuation of the company to $18.39B. SNAP currently trades at a discount to its 52-week high of $17.90, offering almost -60.68% off that amount. The share price’s 52-week low was $7.86, which indicates that the current value has risen by an impressive 29.44% since then. We note from Snap Inc’s average daily trading volume that its 3-month average coming to 31.02 million.

Snap Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.77. If we narrow it down even further, the data shows that 9 out of 36 analysts rate the stock as a Sell; another 3 rate it as Overweight. Among the rest, 20 recommended SNAP as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight. Snap Inc is expected to report earnings per share of $SAP SE for the current quarter.

Snap Inc (NYSE:SNAP) trade information

Instantly SNAP has showed a red trend with a performance of -0.18% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -34.20% year-to-date, but still up 7.74% over the last five days. On the other hand, Snap Inc (NYSE:SNAP) is -0.18% down in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $31.11, which translates to bulls needing to increase their stock price by 64.19% from its current value. Analyst projections state that SNAP is forecast to be at a low of $7 and a high of $100.

Snap Inc (SNAP) estimates and forecasts

Snap Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 15.44 percent over the past six months and at a 77.78% annual growth rate that is well above the industry average of 20.50%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.22%.

SNAP Dividends

Snap Inc’s next quarterly earnings report is expected to be released in May.