Snap Inc. [NYSE: SNAP] gained 1.36% or 0.84 points to close at $62.81 with a heavy trading volume of 18553428 shares. The company report on February 5, 2021 that Snap Inc. Files Annual Report on Form 10-K.
Snap Inc. (NYSE: SNAP) has filed its Annual Report on Form 10-K for the year ended December 31, 2020, with the Securities and Exchange Commission.
The report, which includes Snap Inc.’s audited financial statements, is accessible at investor.snap.com. A printed copy of the report may be requested free of charge by any stockholder requesting a copy in writing to: Corporate Secretary, Snap Inc., 2772 Donald Douglas Loop North, Santa Monica, California, CA 90405 USA. The report is also available at www.sec.gov.
It opened the trading session at $62.28, the shares rose to $64.29 and dropped to $61.18, the range by which the price of stock traded the whole day. The daily chart for SNAP points out that the company has recorded 189.58% gains over the past six months. However, it is still -696.07% lower than its most recent low trading price.
If we look at the average trading volume of 21.05M shares, SNAP reached to a volume of 18553428 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $60.54 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 2.10. 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 February 05, 2021. While these analysts kept the previous recommendation, Canaccord Genuity raised their target price from $58 to $62. The new note on the price target was released on February 05, 2021, representing the official price target for Snap Inc. stock. Previously, the target price had yet another raise from $42 to $57, while Evercore ISI kept a Outperform rating on SNAP stock.
The Average True Range (ATR) for Snap Inc. is set at 3.33, with the Price to Sales ratio for SNAP stock in the period of the last 12 months amounting to 37.95. The Price to Book ratio for the last quarter was 40.01, with the Price to Cash per share for the same quarter was set at 1.68.
Trading performance analysis for SNAP stock
Snap Inc. [SNAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.52. With this latest performance, SNAP shares gained by 28.11% in over the last four-week period, additionally plugging by 189.58% over the last 6 months – not to mention a rise of 257.69% 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 65.90, with the RSI for the last a single of trading hit 68.08, and the three-weeks RSI is set at 64.53 for Snap Inc. [SNAP]. The present Moving Average for the last 50 days of trading for this stock 53.63, while it was recorded at 62.48 for the last single week of trading, and 33.19 for the last 200 days.
Snap Inc. [SNAP]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Snap Inc. [SNAP] shares currently have an operating margin of -34.39 and a Gross Margin at +50.25. Snap Inc.’s Net Margin is presently recorded at -37.69.
Return on Total Capital for SNAP is now -22.02, given the latest momentum, and Return on Invested Capital for the company is -24.39. Return on Equity for this stock declined to -41.17, with Return on Assets sitting at -20.91. When it comes to the capital structure of this company, Snap Inc. [SNAP] has a Total Debt to Total Equity ratio set at 85.99. Additionally, SNAP Total Debt to Total Capital is recorded at 46.23, with Total Debt to Total Assets ending up at 39.88. Long-Term Debt to Equity for the company is recorded at 84.23, with the Long-Term Debt to Total Capital now at 45.29.
Reflecting on the efficiency of the workforce at the company, Snap Inc. [SNAP] managed to generate an average of -$244,587 per employee. Receivables Turnover for the company is 4.05 with a Total Asset Turnover recorded at a value of 0.55.Snap Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.00 and a Current Ratio set at 5.00.
Snap Inc. [SNAP]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Snap Inc. posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -14.30%. 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.
An analysis of insider ownership at Snap Inc. [SNAP]
There are presently around $49,259 million, or 60.30% 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 126,213,213, which is approximately 11.057% of the company’s market cap and around 11.00% of the total institutional ownership; VANGUARD GROUP INC, holding 75,218,802 shares of the stock with an approximate value of $4.72 billion in SNAP stocks shares; and EDGEWOOD MANAGEMENT LLC, currently with $3.91 billion in SNAP stock with ownership of nearly -17.372% of the company’s market capitalization.
Positions in Snap Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 374 institutional holders increased their position in Snap Inc. [NYSE:SNAP] by around 157,804,941 shares. Additionally, 241 investors decreased positions by around 79,124,198 shares, while 71 investors held positions by with 547,329,438 shares. The mentioned changes placed institutional holdings at 784,258,577 shares, according to the latest SEC report filing. SNAP stock had 194 new institutional investments in for a total of 57,745,656 shares, while 67 institutional investors sold positions of 13,428,429 shares during the same period.