In recent trading session, Snap Inc (NYSE:SNAP) saw 8.91 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $11.91 trading at -$0.57 or -4.53% at last check today assigns it a market valuation of $19.98B. That most recent trading price of SNAP’s stock is at a discount of -50.29% from its 52-week high price of $17.90 and is indicating a premium of 30.39% 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 45.09 million shares which gives us an average trading volume of 26.22 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 2.71. 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 0.14 in the current quarter.
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Snap Inc (NYSE:SNAP) trade information
Upright in the red during last session for losing -4.53%, in the last five days SNAP remained trading in the red while hitting it’s week-highest on Thursday, 11/07/24 when the stock touched $11.91 price level, adding 5.4% to its value on the day. Snap Inc’s shares saw a change of -29.62% in year-to-date performance and have moved -4.91% in past 5-day. Snap Inc (NYSE:SNAP) showed a performance of 11.77% in past 30-days. Number of shares sold short was 72.07 million shares which calculate 2.99 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 14.5 to the stock, which implies a rise of 17.86% to its recent value today. Analysts have been projecting 9 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 24.43% in reaching the projected high whereas dropping to the targeted low would mean a gain of 24.43% 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 -25.58% of value to its shares in past 6 months, showing an annual growth rate of 166.67% while that of industry is 20.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 24.40% from the last financial year’s standing.
31 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1.55B for the same. And 24 analysts are in estimates of company making revenue of 1.34B in the next quarter. Company posted 1.27B and 1.12B 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 43.45% while estimates for its earnings growth in next 5 years are of 27.40%.
Snap Inc (NYSE:SNAP)’s Major holders
Insiders are in possession of 23.88% of company’s total shares while institution are holding 60.76 percent of that, with stock having share float percentage of 79.83%. Investors also watch the number of corporate investors in a company very closely, which is 60.76% 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.
