In last trading session, Snap Inc (NYSE:SNAP) saw 15.12 million shares changing hands with its beta currently measuring 1.01. Company’s recent per share price level of $10.49 trading at $0.03 or 0.29% at ring of the bell on the day assigns it a market valuation of $17.41B. That closing price of SNAP’s stock is at a discount of -70.64% from its 52-week high price of $17.90 and is indicating a premium of 20.97% from its 52-week low price of $8.29. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 18.19 million shares which gives us an average trading volume of 25.51 million if we extend that period to 3-months.

For Snap Inc (SNAP), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 2.66. Splitting up the data highlights that, out of 28 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 15 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.05 in the current quarter.

Snap Inc (NYSE:SNAP) trade information

Upright in the green during last session for gaining 0.29%, in the last five days SNAP remained trading in the red while hitting it’s week-highest on Tuesday, 10/15/24 when the stock touched $10.49 price level, adding 6.34% to its value on the day. Snap Inc’s shares saw a change of -38.04% in year-to-date performance and have moved -5.75% in past 5-day. Snap Inc (NYSE:SNAP) showed a performance of 4.17% in past 30-days. Number of shares sold short was 69.76 million shares which calculate 2.56 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 15 to the stock, which implies a rise of 30.07% to its current value. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 100. It follows that stock’s current price would jump 23.74% in reaching the projected high whereas dropping to the targeted low would mean a gain of 23.74% for stock’s current value.

Snap Inc (SNAP) estimates and forecasts

Statistics highlight that Snap Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -6.00% of value to its shares in past 6 months, showing an annual growth rate of 133.33% while that of industry is 19.00. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.10% from the last financial year’s standing.

33 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.36B for the same. And 33 analysts are in estimates of company making revenue of 1.56B in the next quarter. Company posted 1.01B and 1.27B of sales in current and next quarters respectively a year earlier.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 3.22% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 35.36% while estimates for its earnings growth in next 5 years are of -14.10%.

Snap Inc (NYSE:SNAP)’s Major holders

Insiders are in possession of 24.38% of company’s total shares while institution are holding 63.87 percent of that, with stock having share float percentage of 84.46%. Investors also watch the number of corporate investors in a company very closely, which is 63.87% institutions for Snap Inc that are currently holding shares of the company. FMR LLC is the top institutional holder at SNAP for having 206.76 million shares of worth $3.43 billion. And as of 2024-06-30, it was holding 12.551 of the company’s outstanding shares.

The second largest institutional holder is VANGUARD GROUP INC, which was holding about 98.86 million shares on 2024-06-30. The number of shares represents firm’s hold over 6.0007 of outstanding shares, having a total worth of $1.64 billion.