Snap Inc (NYSE: SNAP) is -32.66% lower on its value in year-to-date trading and has touched a low of $8.29 and a high of $17.75 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 $11.30 in the last trading session, with the day’s gains setting it 0.1%.
Currently trading at $11.40, the stock is -3.50% and 0.02% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 38.18 million and changing 0.88% at the moment leaves the stock -7.35% off its SMA200. SNAP registered -31.33% loss for a year compared to 6-month loss of -27.25%. The firm has a 50-day simple moving average (SMA 50) of $11.3976 and a 200-day simple moving average (SMA200) of $12.3047.
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The stock witnessed a 7.65% gain in the last 1 month and extending the period to 3 months gives it a 11.76%, and is 0.80% up 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 5.61% over the week and 5.25% over the month.
Snap Inc (SNAP) has around 5289 employees, a market worth around $19.29B and $5.17B in sales. Profit margin for the company is -18.49%. Distance from 52-week low is 37.52% and -35.77% 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 43.44% this year, but quarterly earnings will post 16.25% year-over-year. Quarterly sales are estimated to grow 14.02% in year-over-year returns.
Snap Inc (SNAP) Top Institutional Holders
782.0 institutions hold shares in Snap Inc (SNAP), with institutional investors hold 80.08% of the company’s shares. The shares outstanding are 1.42B, and float is at 1.07B with Short Float at 6.26%. Institutions hold 60.92% 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 Morrow Rebecca, the company’s CAO. SEC filings show that Morrow Rebecca sold 2,812 shares of the company’s common stock on Dec 16 ’24 at a price of $11.44 per share for a total of $32182.0. Following the sale, the insider now owns 0.43 million shares.
Snap Inc disclosed in a document filed with the SEC on Dec 16 ’24 that Andersen Derek (Chief Financial Officer) sold a total of 94,164 shares of the company’s common stock. The trade occurred on Dec 16 ’24 and was made at $11.44 per share for $1.08 million. Following the transaction, the insider now directly holds 2.19 million shares of the SNAP stock.
Still, SEC filings show that on Dec 18 ’24, Andersen Derek (Chief Financial Officer) disposed off 17,789 shares at an average price of $12.00 for $0.21 million. The insider now directly holds 2,176,017 shares of Snap Inc (SNAP).
