With 20.47 million shares changed hands, the volume of the stock remained lighter than its average volume of 27.04 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $10.6201 whereas the lowest price it dropped to was $10.4224. The 52-week range on SNAP shows that it touched its highest point at $17.90 and its lowest point at $8.29 during that stretch. It currently has a 1-year price target of $12.97. Beta for the stock currently stands at 0.98.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SNAP was down-trending over the past week, with a drop of -6.66%, but this was up by 1.74% over a month. Three-month performance surged to 10.86% while six-month performance fell -32.76%. The stock lost -11.61% in the past year, while it has lost -37.92% so far this year. A look at the trailing 12-month EPS for SNAP yields -0.58 with Next year EPS estimates of -0.28. For the next quarter, that number is -0.04. This implies an EPS growth rate of 43.26% for this year and 39.23% for next year. EPS is expected to grow by 27.40% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 3.22%.
Float and Shares Shorts:
At present, 1.39 billion SNAP shares are outstanding with a float of 1.07 billion shares on hand for trading. On 2024-10-31, short shares totaled 80.0 million, which was 476.99999999999994 higher than short shares on 1727654400. In addition to Mr. Evan T. Spiegel as the firm’s Co-Founder, CEO & Director, Mr. Robert Murphy serves as its Co-Founder, CTO & Director.
Institutional Ownership:
Through their ownership of 0.60916 of SNAP’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, SNAP reported revenue of $1372574000.0 and operating income of -$173210000.0. The EBITDA in the recently reported quarter was -$100182000.0 and diluted EPS was -$0.09.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SNAP since 28 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 13 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With SNAP analysts setting a high price target of 18.0 and a low target of 9.0, the average target price over the next 12 months is 13.03618. Based on these targets, SNAP could surge 71.27% to reach the target high and fall by -14.37% to reach the target low. Reaching the average price target will result in a growth of 24.04% from current levels.
Analysts have provided yearly estimates in a range of -$0.36832 being high and -$0.56218 being low. For SNAP, this leads to a yearly average estimate of -$0.46525. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.05.
