Snap Inc. [NYSE: SNAP] stock went on a downward path that fall over -1.28% on Friday, amounting to a one-week price decrease of less than -6.36%. The company report on April 6, 2023 at 5:00 PM that Snap Inc. Announces Date of First Quarter 2023 Results Conference Call.
Snap Inc. (NYSE: SNAP) will hold its quarterly conference call to discuss first quarter 2023 financial results on Thursday, April 27, 2023 at 2:30 p.m. Pacific Time (5:30 p.m. Eastern Time).
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A live webcast and replay of the conference call will be accessible on Snap Inc.’s Investor Relations website for at least 90 days at: http://investor.snap.com.
Over the last 12 months, SNAP stock dropped by -67.46%. The one-year Snap Inc. stock forecast points to a potential upside of 3.38. The average equity rating for SNAP stock is currently 2.90, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $16.03 billion, with 1.57 billion shares outstanding and 1.23 billion shares in the current float. Compared to the average trading volume of 33.08M shares, SNAP stock reached a trading volume of 26418570 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $10.36 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 2.90. 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.
UBS have made an estimate for Snap Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on February 01, 2023. The new note on the price target was released on February 01, 2023, representing the official price target for Snap Inc. stock.
The Average True Range (ATR) for Snap Inc. is set at 0.53, with the Price to Sales ratio for SNAP stock in the period of the last 12 months amounting to 3.48. The Price to Book ratio for the last quarter was 6.10, with the Price to Cash per share for the same quarter was set at 2.46. Price to Free Cash Flow for SNAP in the course of the last twelve months was 289.96 with Quick ratio for the last quarter at 4.30.
SNAP Stock Performance Analysis:
Snap Inc. [SNAP] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.36. With this latest performance, SNAP shares dropped by -9.41% in over the last four-week period, additionally sinking by -7.83% over the last 6 months – not to mention a drop of -67.46% 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 39.73, with the RSI for the last a single of trading hit 33.44, and the three-weeks RSI is set at 43.51 for Snap Inc. [SNAP]. The present Moving Average for the last 50 days of trading for this stock 10.70, while it was recorded at 10.61 for the last single week of trading, and 10.62 for the last 200 days.
Insight into Snap Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Snap Inc. [SNAP] shares currently have an operating margin of -30.32 and a Gross Margin at +56.69. Snap Inc.’s Net Margin is presently recorded at -31.07.
Return on Total Capital for SNAP is now -21.18, given the latest momentum, and Return on Invested Capital for the company is -21.86. Return on Equity for this stock declined to -44.88, with Return on Assets sitting at -18.37. When it comes to the capital structure of this company, Snap Inc. [SNAP] has a Total Debt to Total Equity ratio set at 161.79. Additionally, SNAP Total Debt to Total Capital is recorded at 61.80, with Total Debt to Total Assets ending up at 52.00. Long-Term Debt to Equity for the company is recorded at 159.99, with the Long-Term Debt to Total Capital now at 61.11.
Reflecting on the efficiency of the workforce at the company, Snap Inc. [SNAP] managed to generate an average of -$270,358 per employee. Receivables Turnover for the company is 4.09 with a Total Asset Turnover recorded at a value of 0.59.Snap Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.30 and a Current Ratio set at 4.30.
SNAP Stock EPS
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. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Snap Inc. go to 45.71%.
Snap Inc. [SNAP] Insider Position Details
There are presently around $6,821 million, or 55.00% of SNAP stock, in the hands of institutional investors. The top three institutional holders of SNAP stocks are: FMR LLC with ownership of 145,377,594, which is approximately 1.953% of the company’s market cap and around 8.50% of the total institutional ownership; VANGUARD GROUP INC, holding 89,625,880 shares of the stock with an approximate value of $897.15 million in SNAP stocks shares; and BLACKROCK INC., currently with $353.62 million in SNAP stock with ownership of nearly -5.516% of the company’s market capitalization.
Positions in Snap Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 243 institutional holders increased their position in Snap Inc. [NYSE:SNAP] by around 71,516,745 shares. Additionally, 298 investors decreased positions by around 77,926,700 shares, while 137 investors held positions by with 531,977,746 shares. The mentioned changes placed institutional holdings at 681,421,191 shares, according to the latest SEC report filing. SNAP stock had 84 new institutional investments in for a total of 8,331,758 shares, while 102 institutional investors sold positions of 18,968,366 shares during the same period.