Snap Inc (NYSE:SNAP) currently has a daily average trading volume of 22.78M but it saw 30854369 shares traded in last market. With a market cap of 14.67B USD, the company’s current market price of $8.94 came rising about 7.84 while comparing to the previous closing price of $8.29. In past 52 weeks, the stock remained buoying in the range of price level as high as $17.90 and as low as $8.28. In the recent trading on the day, stock has struck highest price mark of $8.35 while lowest mark touched by it was $9.01.
Taking a look at 20-day trading activity of Snap Inc (SNAP) gives us an average price of $12.90, while its current price level is -50.06% below from 52-week high level whereas it is 7.97% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $14.66 while that of 200 days or SMA-200 reads an average of $13.74. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.59% during that period while stretching the period over a month that decreases to 5.84%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 20.88 which implies that the stock is in oversold territory.
Morgan Stanley upgraded its recommendation for the stock as a “Equal-Weight” from “Underweight” on July 23, 2024 while assigning a price target range of $12-$16.
Over the week, SNAP’s stock price is moving -30.21% down while it is -46.91% when we observe its performance for the past one month. Year-to-date it is -47.19% down and over the past year, the stock is showing a downside performance of -15.18%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.02 beat the consensus estimate of -0.04 for the same. In next quarter, company is expected to be making quarterly sales of $1.56B as analysts are expecting the sales for current fiscal year at $5.34B and seeing the company making $6.09B in sales next year. Moreover, analysts are in estimates of $1.36B for current-quarter revenue.
Currently, Snap Inc’s total number of outstanding shares is 1.39B. Company’s return on investment (ROI) stands at -18.73% and return on equity (ROE) at -51.19%. Stock’s beta reads 1.16. Stock has a price to book (P/B) ratio of 7.15 while price to sale or P/S ratio amounts to 2.95. Its return on asset (ROA) is -15.51% on average.
