Snap Inc (NYSE: SNAP) is -29.36% lower on its value in year-to-date trading and has touched a low of $8.29 and a high of $17.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNAP stock was last observed hovering at around $12.01 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $11.96, the stock is 6.12% and 13.82% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 31.74 million and changing -0.42% at the moment leaves the stock -3.90% off its SMA200. SNAP registered 6.41% gain for a year compared to 6-month loss of -24.11%. The firm has a 50-day simple moving average (SMA 50) of $10.4558 and a 200-day simple moving average (SMA200) of $12.4673.
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The stock witnessed a 7.46% gain in the last 1 month and extending the period to 3 months gives it a 29.58%, and is -1.32% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.04% over the week and 4.39% over the month.
Snap Inc (SNAP) has around 5289 employees, a market worth around $19.30B and $5.17B in sales. Profit margin for the company is -18.49%. Distance from 52-week low is 44.27% and -33.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-14.94%).
with sales reaching $1.55B over the same period.The EPS is expected to grow by 43.45% this year, but quarterly earnings will post 24.40% year-over-year. Quarterly sales are estimated to grow 22.00% in year-over-year returns.
Snap Inc (SNAP) Top Institutional Holders
801.0 institutions hold shares in Snap Inc (SNAP), with institutional investors hold 80.59% of the company’s shares. The shares outstanding are 1.39B, and float is at 1.07B with Short Float at 6.74%. Institutions hold 61.35% of the Float.
The top institutional shareholder in the company is FMR LLC with over 206.76 million shares valued at $3.43 billion. The investor’s holdings represent 12.551% of the SNAP Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 98.86 million shares valued at $1.64 billion to account for 6.0007 of the shares outstanding. The other top investors are SRS INVESTMENT MANAGEMENT, LLC which holds 72.72 million shares representing 4.4144% and valued at over $1.21 billion, while BANK OF AMERICA CORP /DE/ holds 4.0818 of the shares totaling 67.24 million with a market value of $1.12 billion.
Snap Inc (SNAP) Insider Activity
The most recent transaction is an insider sale by Spiegel Evan, the company’s Chief Executive Officer. SEC filings show that Spiegel Evan sold 150,000 shares of the company’s common stock on Oct 31 ’24 at a price of $12.52 per share for a total of $1.88 million. Following the sale, the insider now owns 3.18 million shares.
Snap Inc disclosed in a document filed with the SEC on Oct 31 ’24 that Murphy Robert C. (Chief Technology Officer) sold a total of 1,000,000 shares of the company’s common stock. The trade occurred on Oct 31 ’24 and was made at $12.50 per share for $12.5 million. Following the transaction, the insider now directly holds 57.21 million shares of the SNAP stock.
Still, SEC filings show that on Oct 31 ’24, O’Sullivan Michael J. (General Counsel) disposed off 18,000 shares at an average price of $12.31 for $0.22 million. The insider now directly holds 471,058 shares of Snap Inc (SNAP).
