Snap Inc (NYSE:SNAP) has a beta value of 1.11 and has seen 6.99 million shares traded in the recent trading session. The company, currently valued at $15.44B, closed the recent trade at $9.41 per share which meant it gained $0.39 on the day or 4.32% during that session. The SNAP stock price is -90.22% off its 52-week high price of $17.90 and 12.01% above the 52-week low of $8.28. If we look at the company’s 10-day average daily trading volume, we find that it stood at 45.37 million shares traded. The 3-month trading volume is 22.42 million shares.
The consensus among analysts is that Snap Inc (SNAP) is Buy stock at the moment, with a recommendation rating of 2.64. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 13 out of 28 have rated it as a Hold, with 15 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.05.
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Snap Inc (NYSE:SNAP) trade information
Sporting 4.32% in the green today, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the SNAP stock price touched $9.41 or saw a rise of 1.36%. Year-to-date, Snap Inc shares have moved -44.42%, while the 5-day performance has seen it change 8.91%. Over the past 30 days, the shares of Snap Inc (NYSE:SNAP) have changed -41.95%. Short interest in the company has seen 71.59 million shares shorted with days to cover at 3.91.
Wall Street analysts have a consensus price target for the stock at $16, which means that the shares’ value could jump 41.19% from the levels at last check today. The projected low price target is $9.0 while the price target rests at a high of $100.0. In that case, then, we find that the latest price level in today’s session is -962.7% off the targeted high while a plunge would see the stock lose 4.36% from the levels at last check today.
Snap Inc (SNAP) estimates and forecasts
Figures show that Snap Inc shares have outperformed across the wider relevant industry. The company’s shares have lost -19.16% over the past 6 months, with this year growth rate of 133.33%, compared to 22.10% for the industry. Revenue growth from the last financial year stood is estimated to be 13.80%.
30 analysts offering their estimates for the company have set an average revenue estimate of 1.24B for the current quarter. 29 have an estimated revenue figure of 1.43B for the next ending quarter. Year-ago sales stood 1.01B and 1.27B respectively for this quarter and the next, and analysts expect sales will grow by 23.00% for the current quarter and 13.80% 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 36.37% while over the next 5 years, the company’s earnings are expected to increase by 70.70%.
SNAP Dividends
Snap Inc is expected to release its next earnings report 2024-Oct-22 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Snap Inc (NYSE:SNAP)’s Major holders
Insiders own 24.40% of the company shares, while shares held by institutions stand at 57.02% with a share float percentage of 75.43%. Investors are also buoyed by the number of investors in a company, with Snap Inc having a total of 797.0 institutions that hold shares in the company. The top two institutional holders are FMR LLC with over 208.1 million shares worth more than $2.39 billion. As of 2024-03-31, FMR LLC held 12.6991% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 96.15 million shares as of 2024-03-31. The firm’s total holdings are worth over $1.1 billion and represent 5.8673% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Blue Chip Growth Fund and Vanguard Total Stock Market Index Fund. As of Jun 30, 2024, the former fund manager holds about 5.75% shares in the company for having 80.8 shares of worth $757.17 million while later fund manager owns 32.87 shares of worth $307.97 million as of Mar 31, 2024, which makes it owner of about 2.34% of company’s outstanding stock.
