Snap Inc (NYSE:SNAP)’s traded shares stood at 14.31 million during the latest session, with the company’s beta value hitting 1.09. At the last check today, the stock’s price was $16.45, to imply a decrease of -1.74% or -$0.29 in intraday trading. The SNAP share’s 52-week high remains $17.90, putting it -8.81% down since that peak but still an impressive 50.46% since price per share fell to its 52-week low of $8.15. The company has a valuation of $27.15B, with an average of 31.47 million shares over the past 3 months.
Snap Inc (NYSE:SNAP) trade information
After registering a -1.74% downside in the latest session, Snap Inc (SNAP) has traded red over the past five days. The stock hit a weekly high of 17.29, dropping -1.74% in its intraday price action. The 5-day price performance for the stock is 0.91%, and 51.18% over 30 days. With these gigs, the year-to-date price performance is -2.84%.
Snap Inc (SNAP) estimates and forecasts
Looking at statistics comparing Snap Inc share performance against respective industry, we note that the company has outperformed competitors. Snap Inc (SNAP) shares are 50.08% up over the last 6 months, with its year-to-date growth rate higher than industry average at 133.33% against 22.10%. The rating firms project that company’s revenue will grow 24.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 31 analysts is 1.25B. Meanwhile, for the current quarter, a total of 31 analyst(s) estimate revenue growth to 1.36B.Earnings reports from the last fiscal year show that sales brought in 1.05B and 1.01B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 18.30% before jumping 34.10% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 3.22% for the past 5-year period. While 2024 is set for a 36.03% return in earnings, projections for the next 5 years are at 42.44% annually.
SNAP Dividends
Snap Inc has its next earnings report out in June. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Snap Inc has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
