Snap Inc. [NYSE: SNAP] jumped around 0.69 points on Monday, while shares priced at $22.84 at the close of the session, up 3.12%. The company report on July 21, 2020 that Snap Inc. Announces Second Quarter 2020 Financial Results.
Daily Active Users increased 17% year-over-year to 238 million.
Second quarter revenue increased 17% year-over-year to $454 million.
Snap Inc. stock is now 39.87% up from its year-to-date (YTD) trading value. SNAP Stock saw the intraday high of $22.85 and lowest of $22.2044 per share. The company’s 52-week high price is 26.76, which means current price is +189.48% above from all time high which was touched on 07/09/20.
Compared to the average trading volume of 28.38M shares, SNAP reached a trading volume of 21396040 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Snap Inc. [SNAP]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNAP shares is $24.82 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNAP stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Pivotal Research Group have made an estimate for Snap Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 22, 2020. The new note on the price target was released on July 22, 2020, representing the official price target for Snap Inc. stock. Previously, the target price had yet another raise from $23 to $30, while Rosenblatt kept a Buy rating on SNAP stock. On July 01, 2020, analysts increased their price target for SNAP shares from 15 to 25.
The Average True Range (ATR) for Snap Inc. is set at 1.17, with the Price to Sales ratio for SNAP stock in the period of the last 12 months amounting to 17.30. The Price to Book ratio for the last quarter was 15.03, with the Price to Cash per share for the same quarter was set at 1.94.
How has SNAP stock performed recently?
Snap Inc. [SNAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -9.62. With this latest performance, SNAP shares dropped by -6.70% in over the last four-week period, additionally plugging by 22.66% over the last 6 months – not to mention a rise of 27.67% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNAP stock in for the last two-week period is set at 48.63, with the RSI for the last a single of trading hit 44.02, and the three-weeks RSI is set at 51.45 for Snap Inc. [SNAP]. The present Moving Average for the last 50 days of trading for this stock 21.71, while it was recorded at 22.98 for the last single week of trading, and 16.73 for the last 200 days.
Snap Inc. [SNAP]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Snap Inc. [SNAP] shares currently have an operating margin of -58.48 and a Gross Margin at +43.94. Snap Inc.’s Net Margin is presently recorded at -60.25.
Return on Total Capital for SNAP is now -34.45, given the latest momentum, and Return on Invested Capital for the company is -35.75. Return on Equity for this stock declined to -45.23, with Return on Assets sitting at -30.74. When it comes to the capital structure of this company, Snap Inc. [SNAP] has a Total Debt to Total Equity ratio set at 54.74. Additionally, SNAP Total Debt to Total Capital is recorded at 35.38, with Total Debt to Total Assets ending up at 30.84. Long-Term Debt to Equity for the company is recorded at 52.88, with the Long-Term Debt to Total Capital now at 34.17.
Reflecting on the efficiency of the workforce at the company, Snap Inc. [SNAP] managed to generate an average of -$323,524 per employee. Receivables Turnover for the company is 4.05 with a Total Asset Turnover recorded at a value of 0.51.Snap Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 6.00 and a Current Ratio set at 6.00.
Earnings analysis for Snap Inc. [SNAP]
With the latest financial reports released by the company, Snap Inc. posted -0.04/share EPS, while the average EPS was predicted by analysts to be reported at -0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 20.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNAP.
Insider trade positions for Snap Inc. [SNAP]
There are presently around $12,728 million, or 49.80% of SNAP stock, in the hands of institutional investors. The top three institutional holders of SNAP stocks are: PRICE T ROWE ASSOCIATES INC /MD/ with ownership of 87,872,679, which is approximately 1167.031% of the company’s market cap and around 12.10% of the total institutional ownership; VANGUARD GROUP INC, holding 84,157,448 shares of the stock with an approximate value of $1.92 billion in SNAP stocks shares; and EDGEWOOD MANAGEMENT LLC, currently with $1.41 billion in SNAP stock with ownership of nearly New of the company’s market capitalization.
Positions in Snap Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 221 institutional holders increased their position in Snap Inc. [NYSE:SNAP] by around 227,350,847 shares. Additionally, 241 investors decreased positions by around 187,857,483 shares, while 80 investors held positions by with 142,065,898 shares. The mentioned changes placed institutional holdings at 557,274,228 shares, according to the latest SEC report filing. SNAP stock had 89 new institutional investments in for a total of 91,311,207 shares, while 108 institutional investors sold positions of 68,094,598 shares during the same period.