Snap Inc [SNAP] stock is trading at $14.55, up 27.63%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SNAP shares have gain 30.38% over the last week, with a monthly amount glided 27.07%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Snap Inc [NYSE: SNAP] stock has seen the most recent analyst activity on April 26, 2024, when HSBC Securities upgraded its rating to a Buy. Previously, Piper Sandler reaffirmed its Neutral rating on January 17, 2024, and elevated its price target to $17. On January 09, 2024, BMO Capital Markets initiated with a Outperform rating and assigned a price target of $22 on the stock. Guggenheim upgraded its rating to a Buy but $23 remained the price target by the analyst firm on December 18, 2023. Wells Fargo upgraded its rating to Overweight for this stock on December 11, 2023, and upped its price target to $22. In a note dated November 30, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $12 to $16.
Snap Inc [SNAP] stock has fluctuated between $7.86 and $17.90 over the past year. Currently, Wall Street analysts expect the stock to reach $30.66 within the next 12 months. Snap Inc [NYSE: SNAP] shares were valued at $14.55 at the most recent close of the market. An investor can expect a potential return of 110.72% based on the average SNAP price forecast.
Analyzing the SNAP fundamentals
Snap Inc [NYSE:SNAP] reported sales of 4.81B for the trailing twelve months, which represents a growth of 20.85%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.28%, Pretax Profit Margin comes in at -0.26%, and Net Profit Margin reading is -0.27%. To continue investigating profitability, this company’s Return on Assets is posted at -0.18, Equity is -0.54 and Total Capital is -0.23. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.57.
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 13.91 points at the first support level, and at 13.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.07, and for the 2nd resistance point, it is at 15.58.
Snap Inc [SNAP] reported earnings per share of $0.03 for its fiscal quarter that ended on 3/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.05/share, meaning a difference of $0.08 and a surprise factor of 160.00%. By comparison, the stated earnings for the previous quarter ended on 12/31/2023 were $0.08 per share as compared to estimates of $0.06 per share, a difference of $0.02 representing a surprise of 33.30%.
Ratios To Look Out For
For context, Snap Inc’s Current Ratio is 3.76. As well, the Quick Ratio is 3.76, while the Cash Ratio is 0.95. Considering the valuation of this stock, the price to sales ratio is 4.99, the price to book ratio is 11.22.
Transactions by insiders
Recent insider trading involved Morrow Rebecca, CAO, that happened on Apr 16 ’24 when 428.0 shares were sold. General Counsel, O’Sullivan Michael J. completed a deal on Mar 28 ’24 to sell 18000.0 shares. Meanwhile, Chief Financial Officer Andersen Derek sold 96953.0 shares on Mar 18 ’24.
