In today’s recent session, 8.2 million shares of the Snap Inc (NYSE:SNAP) have been traded, and its beta is 1.15. Most recently the company’s share price was $8.65, and it changed around -$0.06 or -0.75% from the last close, which brings the market valuation of the company to $14.19B. SNAP at last check was trading at a discount to its 52-week high of $17.90, offering almost -106.94% off that amount. The share price’s 52-week low was $8.28, which indicates that the recent value has risen by an impressive 4.28% since then. We note from Snap Inc’s average daily trading volume that its 10-day average is 39.37 million shares, with the 3-month average coming to 22.35 million.

Snap Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.71. 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 0.05 for the current quarter.

Snap Inc (NYSE:SNAP) trade information

Instantly SNAP has been showing red trend so far today with a performance of -0.75% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 13.95 on recent trading dayincreased the stock’s daily price by 37.99%. The company’s shares are currently down -48.94% year-to-date, but still down -33.96% over the last five days. On the other hand, Snap Inc (NYSE:SNAP) is -47.61% down in the 30-day period. We can see from the shorts that 67.24 million shares have been sold at a short interest cover period of 3.92 day(s).

The consensus price target as assigned by Wall Street analysts is $16, which translates to bulls needing to increase their stock price by 45.94% from its current value. Analyst projections state that SNAP is forecast to be at a low of $9 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 fallen -48.39 percent over the past six months and at a 166.67% annual growth rate that is well above the industry average of 21.50%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 150.00% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 24.30%, up from the previous year.

Consensus estimates provided by 32 financial analysts predict the company will bring in an average of 1.36B in revenue for the current quarter. 31 analysts expect Snap Inc to make 1.56B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.01B and 1.27B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 34.20%. Forecasts for the next quarter put sales growth at 22.70%.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 3.22%. Snap Inc earnings are expected to increase by 36.34% in 2024, but the outlook is positive 79.20% per year for the next five years.

SNAP Dividends

Snap Inc’s next quarterly earnings report is expected to be released on 2024-Oct-22.

Snap Inc (NYSE:SNAP)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 24.40% of Snap Inc shares, and 57.40% of them are in the hands of institutional investors. The stock currently has a share float of 75.92%. Snap Inc stock is held by 797.0 institutions, with FMR LLC being the largest institutional investor. By 2024-03-31, it held 12.6991% of the shares, which is about 208.1 million shares worth $2.39 billion.

VANGUARD GROUP INC, with 5.8673% or 96.15 million shares worth $1.1 billion as of 2024-03-31, holds the second largest percentage of outstanding shares.