Snap Inc (NYSE:SNAP)’s traded shares stood at 3.04 million during the latest session, with the company’s beta value hitting 0.97. At the last check today, the stock’s price was $10.79, to imply a decrease of -3.64% or -$0.41 in intraday trading. The SNAP share’s 52-week high remains $17.75, putting it -64.5% down since that peak but still an impressive 23.17% since price per share fell to its 52-week low of $8.29. The company has a valuation of $18.10B, with an average of 25.6 million shares in intraday trading volume over the past 10 days and average of 28.24 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Snap Inc (SNAP), translating to a mean rating of 2.71. Of 28 analyst(s) looking at the stock, 0 analyst(s) give SNAP a Sell rating. 0 of those analysts rate the stock as Overweight while 13 advise Hold as 15 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.14.
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Snap Inc (NYSE:SNAP) trade information
After registering a -3.64% downside in the latest session, Snap Inc (SNAP) has traded red over the past five days. The 5-day price performance for the stock is -4.49%, and -6.96% over 30 days. With these gigs, the year-to-date price performance is -36.25%. Short interest in Snap Inc (NYSE:SNAP) saw shorts transact 67.25 million shares and set a 1.92 days time to cover.
The extremes give us $9 and $16 for target low and target high price respectively. As such, SNAP has been trading -48.29% off suggested target high and 16.59% from its likely low.
Snap Inc (SNAP) estimates and forecasts
Looking at statistics comparing Snap Inc share performance against respective industry, we note that the company has outperformed competitors. Snap Inc (SNAP) shares are -35.02% down over the last 6 months, with its year-to-date growth rate higher than industry average at 177.78% against 25.60%. The rating firms project that company’s revenue will grow 16.25% compared to the previous financial year.
Revenue forecast for the current quarter as set by 33 analysts is 1.55B. Meanwhile, for the current quarter, a total of 25 analyst(s) estimate revenue growth to 1.34B.Earnings reports from the last fiscal year show that sales brought in 1.36B and 1.19B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 14.02% before jumping 12.09% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 3.22% for the past 5-year period. While 2024 is set for a 43.44% return in earnings, projections for the next 5 years are at 27.40% annually.
SNAP Dividends
Snap Inc has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Snap Inc (NYSE:SNAP)’s Major holders
Snap Inc insiders hold 23.92% of total outstanding shares, with institutional holders owning 60.92% of the shares at 80.08% float percentage. In total, 60.92% institutions holds shares in the company, led by FMR LLC. As of 2024-06-30, the company held over 206.76 million shares (or 12.551% of shares), all amounting to roughly $3.43 billion.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 98.86 million shares, or about 6.0007% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $1.64 billion.
We also have Fidelity Blue Chip Growth Fund and Growth Fund of America Inc as the top two Mutual Funds with the largest holdings of the Snap Inc (SNAP) shares. Going by data provided on Oct 31, 2024 , Fidelity Blue Chip Growth Fund holds roughly 84.72 shares. This is just over 5.95% of the total shares, with a market valuation of $917.49 million. Data from the same date shows that the other fund manager holds a little less at 38.9, or 2.73% of the shares, all valued at about 421.29 million.
