In the last trading session, 16.88 million Snap Inc (NYSE:SNAP) shares changed hands as the company’s beta touched 1.01. With the company’s per share price at $10.33 changed hands at -$0.16 or -1.53% during last session, the market valuation stood at $17.14B. SNAP’s last price was a discount, traded about -73.28% off its 52-week high of $17.90. The share price had its 52-week low at $8.29, which suggests the last value was 19.75% up since then. When we look at Snap Inc’s average trading volume, we note the 10-day average is 18.08 million shares, with the 3-month average coming to 25.52 million.

Analysts gave the Snap Inc (SNAP) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.66. If we narrow down to specifics, the data shows that 0 out of 28 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 13 recommended SNAP as a Hold, 15 felt it is a Buy and 0 rated the stock as Underweight. Snap Inc’s EPS for the current quarter is expected to be 0.05.

Snap Inc (NYSE:SNAP) trade information

Instantly SNAP was in red as seen at the end of in last trading. With action -6.52%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -38.98%, with the 5-day performance at -6.52% in the red. However, in the 30-day time frame, Snap Inc (NYSE:SNAP) is 2.79% up. Looking at the short shares, we see there were 69.76 million shares sold at short interest cover period of 2.56 days.

The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 31.13% from its current market value. According to analyst projections, SNAP’s forecast low is 8 with 100 as the target high. To hit the forecast high, the stock’s price needs a -868.05% plunge from its current level, while the stock would need to tank 22.56% for it to hit the projected low.

Snap Inc (SNAP) estimates and forecasts

Data shows that the Snap Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.27% over the past 6 months, a 133.33% in annual growth rate that is considerably higher than the industry average of 18.90%. Year-over-year growth is forecast to reach 24.10% up from the last financial year.

Consensus estimates given by 33 financial analysts project the company’s revenue in the current quarter to hit an average of 1.36B. 33 analysts are of the opinion that Snap Inc’s revenue for the current quarter will be 1.56B. The company’s revenue for the corresponding quarters a year ago was 1.01B and 1.27B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 34.30%. The estimates for the next quarter sales put growth at 22.50%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 3.22%. The 2024 estimates are for Snap Inc earnings to increase by 35.05%, but the outlook for the next 5-year period is at -14.10% per year.

SNAP Dividends

Snap Inc is expected to release its next quarterly earnings report in November.

Snap Inc (NYSE:SNAP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 24.38% of Snap Inc shares while 63.87% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 84.47%. There are 63.87% institutions holding the Snap Inc stock share, with FMR LLC the top institutional holder. As of 2024-06-30, the company held 12.551% of the shares, roughly 206.76 million SNAP shares worth $3.43 billion.

VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 6.0007% or 98.86 million shares worth $1.64 billion as of 2024-06-30.