Snap Inc [SNAP] stock is trading at $11.81, up 1.72%. 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 11.10% over the last week, with a monthly amount drifted -6.42%, and not 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 October 23, 2024, when JMP Securities upgraded its rating to a Mkt Outperform but kept the price target unchanged to $17 for it. Previously, B. Riley Securities started tracking the stock with Neutral rating on September 20, 2024, and set its price target to $11. On September 05, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $8 on the stock. HSBC Securities downgraded its rating to a Hold. Morgan Stanley upgraded its rating to a Equal-Weight and raised its price target to $16 on July 23, 2024. In a note dated April 26, 2024, HSBC Securities upgraded an Buy rating on this stock.
Snap Inc [SNAP] stock has fluctuated between $8.29 and $17.90 over the past year. Currently, Wall Street analysts expect the stock to reach $25.99 within the next 12 months. Snap Inc [NYSE: SNAP] shares were valued at $11.81 at the most recent close of the market. An investor can expect a potential return of 120.07% based on the average SNAP price forecast.
Analyzing the SNAP fundamentals
Snap Inc [NYSE:SNAP] reported sales of 5.17B for the trailing twelve months, which represents a growth of 15.48%. Gross Profit Margin for this corporation currently stands at 0.52% with Operating Profit Margin at -0.2%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.43 and Total Capital is -0.16. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.65.
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 11.65 points at the first support level, and at 11.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.99, and for the 2nd resistance point, it is at 12.18.
Ratios To Look Out For
For context, Snap Inc’s Current Ratio is 4.04. As well, the Quick Ratio is 4.04, while the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 3.90, the price to book ratio is 8.94.
Transactions by insiders
Recent insider trading involved Michael O’Sullivan Living Trus, Officer, that happened on Nov 29 ’24 when 18000.0 shares were purchased. SVP of Engineering, Young Eric completed a deal on Nov 21 ’24 to sell 50000.0 shares. Meanwhile, Officer Young Eric bought 50000.0 shares on Nov 21 ’24.
