Snap Inc. (NYSE:SNAP) traded at $59.17 at close of the session on Monday, May 03, made a downturn move of -4.29% on its previous day’s price.
Looking at the stock we see that its previous close was $61.82 and the beta (5Y monthly) reads 1.27 with the day’s price range being $58.64 – 62.84. The company has a trailing 12-month PE ratio of 0. In terms of its 52-week price range, SNAP has a high of $73.59 and a low of $16.42. The company’s stock has gained about 8.59% over that past 30 days.
Snap Inc. has a market cap of $90.82 Billion and is expected to release its quarterly earnings report on Jul 19, 2021- Jul 23, 2021. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the SNAP stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at $0.21 for 2021 and $0.67 for next year. These figures represent -4.5% and 2.19% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $843.76 Million, with a low of $821.07 Million and a high of $878.1 Million. The median projection represents growth adding up to 92.2% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2021 is expected to hit $3.9 Billion, or +55.7% up from figures reported last year.
On the other hand, looking at the outlook for the SNAP stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 40 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 10 have rated the Snap Inc. (SNAP) stock as a Hold, while 27 rate it as a Buy. 2 analyst(s) rate it as outperform while none of them rated it as underperform, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the SNAP stock currently stands at 0, and the current price level is -2.36% off its SMA20 and -0.8% from its 50-day simple moving average. The RSI (14) is pointing at 48.59 while the volatility over the past week is 6.47% and drops to 5.48% over the past one month. The beta value is 1.27, while the average true range (ATR) is currently pointing at 3.48. The average price target for the stock over the next 12 months is $76.29, with the estimates having a low of $40 and a high of $100. These price ends are -32.4% and +69% off the current price level respectively, although investors could be excited at the prospect of a +33.51% if the SNAP share price touches on the median price of $79.
Let’s briefly compare Snap Inc. (SNAP) stock to its peers. We find that current price change of -4.29% and +252.41% over the past 12 months for SNAP competes that of Paypal Holdings (PYPL), which has seen its stock price fall -1.22% in the last trading session and was +114.82% over the last one year. Another of its peers Square (SQ) has dropped -0.47% previous session, and was +286.79% up over the past year, while Zoom Video Communications Cl A (ZM) was also down -4.29% in the last session, while its price remained in the green at 252.41% over the same period. Snap Inc. has a P/E ratio of 0 compared to Paypal Holdings 73.23 and Square’s 846.11. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 0.27% and 0.7%, respectively, at close of the trading.
Coming back to Snap Inc. (NYSE:SNAP), we note that the average 3-month trading volume was 26.23 Million, while that of the preceding 10-day period stands at 41.82 Million. Current shares outstanding are 1.27 Billion.
According to data from Thomson Reuters, insiders hold 11.56% of the company’s shares while institutions hold 63.58%. The data shows that short shares as of April 14, 2021, stood at 56.3 Million at a short ratio of 2.8. This represents a 3.71% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 61.57 Million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock +18.17% up in year-to-date price movement.