Snap Inc [SNAP] stock prices are up 0.92% to $11.00 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The SNAP shares have gain 2.42% over the last week, with a monthly amount drifted -34.87%, and not seem to be holding up well over a long-time horizon.
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On 7, February 2024, Snap Inc. Files Annual Report on Form 10-K. In a post published today on Yahoo Finance, Snap Inc. (NYSE: SNAP) has filed its Annual Report on Form 10-K for the year ended December 31, 2023, with the Securities and Exchange Commission.
From an analyst’s perspective:
Snap Inc [NYSE: SNAP] stock has seen the most recent analyst activity on January 17, 2024, when Piper Sandler reiterated its Neutral rating and also boosted its price target to $17 from $12. Previously, BMO Capital Markets started tracking the stock with Outperform rating on January 09, 2024, and set its price target to $22. Guggenheim upgraded its rating to a Buy but stick to its price target of $23 on December 18, 2023. Wells Fargo upgraded its rating to a Overweight and raised its price target to $22 on December 11, 2023. Jefferies upgraded its rating to Buy for this stock on November 30, 2023, and upped its price target to $16. In a note dated October 26, 2023, China Renaissance upgraded an Hold rating on this stock but restated the target price of $9.
The stock price of Snap Inc [SNAP] has been fluctuating between $7.86 and $17.90 over the past year. Currently, Wall Street analysts expect the stock to reach $30.68 within the next 12 months. Snap Inc [NYSE: SNAP] shares were valued at $11.00 at the most recent close of the market. An investor can expect a potential return of 178.91% based on the average SNAP price forecast.
Analyzing the SNAP fundamentals
The Snap Inc [NYSE:SNAP] reported sales of 4.61B for trailing twelve months, representing a surge of 4.74%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.3%, Pretax Profit Margin comes in at -0.28%, and Net Profit Margin reading is -0.29%. To continue investigating profitability, this company’s Return on Assets is posted at -0.17, Equity is -0.53 and Total Capital is -0.2. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.8.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 10.79 points at the first support level, and at 10.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.18, and for the 2nd resistance point, it is at 11.35.
Snap Inc [SNAP] reported earnings per share of $0.08 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.06/share, meaning a difference of $0.02 and a surprise factor of 33.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.02 per share as compared to estimates of -$0.04 per share, a difference of $0.06 representing a surprise of 150.00%.
Ratios To Look Out For
It’s worth pointing out that Snap Inc [NYSE:SNAP]’s Current Ratio is 4.39. On the other hand, the Quick Ratio is 4.39, and the Cash Ratio is 1.57. Considering the valuation of this stock, the price to sales ratio is 3.94, the price to book ratio is 7.50.
Transactions by insiders
Recent insider trading involved Young Eric, SVP of Engineering, that happened on Feb 16 when 0.12 million shares were sold. CAO, Morrow Rebecca completed a deal on Feb 16 to sell 9386.0 shares. Meanwhile, Chief Executive Officer Spiegel Evan sold 0.15 million shares on Feb 08.
