During the recent session, Snap Inc (NYSE:SNAP)’s traded shares were 12.78 million, with the beta value of the company hitting 1.00. At the last check today, the stock’s price was $12.84, reflecting an intraday gain of 5.62% or $0.68. The 52-week high for the SNAP share is $17.90, that puts it down -39.41 from that peak though still a striking 35.44% gain since the share price plummeted to a 52-week low of $8.29. The company’s market capitalization is $21.31B, and the average intraday trading volume over the past 10 days was 39.35 million shares, and the average trade volume was 28.61 million shares over the past three months.
Snap Inc (SNAP) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.66. SNAP has a Sell rating from 0 analyst(s) out of 28 analysts who have looked at this stock. 13 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 15 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.13.
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Snap Inc (NYSE:SNAP) trade information
Snap Inc (SNAP) registered a 5.62% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 5.62% in intraday trading to $12.84, hitting a weekly high. The stock’s 5-day price performance is 22.90%, and it has moved by 19.58% in 30 days. Based on these gigs, the overall price performance for the year is 28.56%. The short interest in Snap Inc (NYSE:SNAP) is 72.07 million shares and it means that shorts have 2.99 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 8.29% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $9 and $100 respectively. As a result, SNAP is trading at a discount of -678.82% off the target high and 29.91% off the low.
Snap Inc (SNAP) estimates and forecasts
Statistics show that Snap Inc has outperformed its competitors in share price, compared to the industry in which it operates. Snap Inc (SNAP) shares have gone down -20.96% during the last six months, with a year-to-date growth rate more than the industry average at 122.22% against 19.40. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 85.70% this quarter and then jump 33.30% in the quarter after that. In the rating firms’ projections, revenue will increase 24.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.55B as predicted by 33 analyst(s). Meanwhile, a consensus of 24 analyst(s) estimates revenue growth to 1.34B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 1.27B and 1.12B respectively. In this case, analysts expect current quarter sales to grow by 22.10% and then jump by 20.10% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 3.22%. While earnings are projected to return 45.01% in 2024, the next five years will return -14.10% per annum.
SNAP Dividends
Snap Inc is due to release its next quarterly earnings on 2025-Feb-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Snap Inc (NYSE:SNAP)’s Major holders
Snap Inc insiders own 24.08% of total outstanding shares while institutional holders control 63.34%, with the float percentage being 83.43%. FMR LLC is the largest shareholder of the company, while 794.0 institutions own stock in it. As of 2024-06-30, the company held over 206.76 million shares (or 12.551% of all shares), a total value of $3.43 billion in shares.
The next largest institutional holding, with 98.86 million shares, is of VANGUARD GROUP INC’s that is approximately 6.0007% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1.64 billion.
