Snap Inc [SNAP] stock prices are down -0.71% to $11.18 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 0.09% over the last week, with a monthly amount drifted -2.01%, 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.
The stock price of Snap Inc [SNAP] has been fluctuating between $8.29 and $17.75 over the past year. Currently, Wall Street analysts expect the stock to reach $13.12 within the next 12 months. Snap Inc [NYSE: SNAP] shares were valued at $11.18 at the most recent close of the market. An investor can expect a potential return of 17.35% based on the average SNAP price forecast.
Analyzing the SNAP fundamentals
The Snap Inc [NYSE:SNAP] reported sales of 5.17B for trailing twelve months, representing a surge 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 11.11 points at the first support level, and at 11.03 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.27, and for the 2nd resistance point, it is at 11.35.
Ratios To Look Out For
It’s worth pointing out that Snap Inc [NYSE:SNAP]’s Current Ratio is 4.04. On the other hand, the Quick Ratio is 4.04, and the Cash Ratio is 0.85. Considering the valuation of this stock, the price to sales ratio is 3.60, the price to book ratio is 8.46.
Transactions by insiders
Recent insider trading involved Morrow Rebecca, CAO, that happened on Dec 16 ’24 when 2812.0 shares were sold. Chief Financial Officer, Andersen Derek completed a deal on Dec 16 ’24 to sell 94164.0 shares. Meanwhile, Chief Financial Officer Andersen Derek sold 17789.0 shares on Dec 18 ’24.
