Snap Inc [NYSE: SNAP] traded at a high on Friday, posting a 1.75 gain after which it closed the day’ session at $10.45.
The results of the trading session contributed to over 18587147 shares changing hands. Over the past one week, the price volatility of Snap Inc stands at 2.90% while the volatility over the past one month is 3.48%.
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The market cap for SNAP stock reached $17.34 billion, with 1.39 billion shares outstanding and 1.05 billion shares in the current float. Compared to the average trading volume of 25.98M shares, SNAP reached a trading volume of 18587147 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 $12.68 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 2.66. 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.
JMP Securities have made an estimate for Snap Inc shares, keeping their opinion on the stock as Mkt Outperform, with their previous recommendation back on October 23, 2024. While these analysts kept the previous recommendation, B. Riley Securities raised their target price to Neutral. The new note on the price target was released on September 20, 2024, representing the official price target for Snap Inc stock. Previously, the target price had yet another raise to $8, while Cantor Fitzgerald analysts kept a Neutral rating on SNAP stock.
The Average True Range (ATR) for Snap Inc is set at 0.38, 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 8.36, with the Price to Cash per share for the same quarter was set at 1.86. Price to Free Cash Flow for SNAP in the course of the last twelve months was 1182.11 with Quick ratio for the last quarter at 3.98.
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 -0.38. With this latest performance, SNAP shares dropped by -1.04% in over the last four-week period, additionally sinking by -28.18% over the last 6 months – not to mention a rise of 13.71% 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 50.78, with the RSI for the last a single of trading hit 50.17, and the three-weeks RSI is set at 49.86 for Snap Inc [SNAP]. The present Moving Average for the last 50 days of trading for this stock 9.94, while it was recorded at 10.24 for the last single week of trading, and 12.68 for the last 200 days.
Snap Inc [SNAP]: Deeper insight into the fundamentals
Snap Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.98 and a Current Ratio set at 3.98.
Earnings analysis for Snap Inc [SNAP]
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 -14.10%.
Insider trade positions for Snap Inc [SNAP]
There are presently around $64.13%, or 84.80%% of SNAP stock, in the hands of institutional investors. The top three institutional holders of SNAP stocks are: FMR LLC with ownership of 206.76 million shares, which is approximately 12.551%. VANGUARD GROUP INC, holding 98.86 million shares of the stock with an approximate value of $$1.64 billion in SNAP stocks shares; and VANGUARD GROUP INC, currently with $$1.21 billion in SNAP stock with ownership which is approximately 4.4144%.
