Currently, there are 1.39B common shares owned by the public and among those 1.05B shares have been available to trade.
The company’s stock has a 5-day price change of -0.64% and -34.55% over the past three months. SNAP shares are trading -36.21% year to date (YTD), with the 12-month market performance up to 24.28% higher. It has a 12-month low price of $8.29 and touched a high of $17.90 over the same period. SNAP has an average intraday trading volume of 25.72 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 9.09%, 8.77%, and -18.07% respectively.
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Institutional ownership of Snap Inc (NYSE: SNAP) shares accounts for 52.20% of the company’s 1.39B shares outstanding.
It has a market capitalization of $17.92B and a beta (3y monthly) value of 1.01. The earnings-per-share (ttm) stands at -$0.71. Price movements for the stock have been influenced by the stock’s volatility, which stands at 4.09% over the week and 4.34% over the month.
Earnings per share for the fiscal year are expected to increase by 36.12%, and 37.67% over the next financial year. EPS should shrink at an annualized rate of -14.10% over the next five years, compared to 3.22% over the past 5-year period.
Looking at the support for the SNAP, a number of firms have released research notes about the stock. B. Riley Securities stated their Neutral rating for the stock in a research note on September 20, 2024, with the firm’s price target at $11. Cantor Fitzgerald coverage for the Snap Inc (SNAP) stock in a research note released on September 05, 2024 offered a Neutral rating with a price target of $8. HSBC Securities was of a view on August 02, 2024 that the stock is Hold, while Morgan Stanley gave the stock Equal-Weight rating on July 23, 2024, issuing a price target of $12- $16. Wolfe Research on their part issued Peer Perform rating on July 16, 2024.
