How Is Snap Inc. (NYSE: SNAP) Expected To Fare In The Coming Months?

Snap Inc (NYSE:SNAP) has a beta value of 1.03 and has seen 5.75 million shares traded in the recent trading session. The company, currently valued at $25.44B, closed the recent trade at $15.51 per share which meant it lost -$0.08 on the day or -0.55% during that session. The SNAP stock price is -15.41% off its 52-week high price of $17.90 and 46.62% above the 52-week low of $8.28. The 3-month trading volume is 27.47 million shares.

Snap Inc (NYSE:SNAP) trade information

Sporting -0.55% in the red today, the stock has traded in the green over the last five days, when the SNAP stock price touched $15.51 or saw a rise of 0.64%. Year-to-date, Snap Inc shares have moved -8.42%, while the 5-day performance has seen it change 1.21%. Over the past 30 days, the shares of Snap Inc (NYSE:SNAP) have changed -6.31%.

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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 5.05% over the past 6 months, with this year growth rate of 155.56%, compared to 23.60% for the industry. Revenue growth from the last financial year stood is estimated to be 24.60%.

33 analysts offering their estimates for the company have set an average revenue estimate of 1.25B for the current quarter. 33 have an estimated revenue figure of 1.36B for the next ending quarter. Year-ago sales stood 1.05B and 1.01B respectively for this quarter and the next, and analysts expect sales will grow by 18.50% for the current quarter and 24.60% 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. Earnings growth for 2024 is a modest 38.06% while over the next 5 years, the company’s earnings are expected to increase by 79.20%.

SNAP Dividends

Snap Inc is expected to release its next earnings report in July this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.