Snap Inc (NYSE:SNAP) traded at $12.57 at close of the session on Monday, January 06 and made an upward move of 5.01% on its previous day’s price.
Looking at the stock we see that its previous close was $11.97 and the beta (5Y monthly) reads 0.995 with the day’s price range being $11.98 – $12.585. In terms of its 52-week price range, SNAP has a high of $17.75 and a low of $8.29. The company’s stock has lost about -0.40% over that past 30 days.
Snap Inc has a market cap of $22.45 billion and is expected to release its quarterly earnings report in February.
On the other hand, looking at the outlook for the SNAP stock, short term indicators assign the stock an average of 25% Buy, while medium term indicators assign it an average of Hold.
Based on estimates by 28 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the Snap Inc (SNAP) stock as a Hold, while 15 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 9.06% off its SMA20 and 9.01% from its 50-day simple moving average. The RSI (14) is pointing at 65.74 while the volatility over the past week is 4.51% and jumps to 4.86% over the past one month. The beta value is 0.99, while the average true range (ATR) is currently pointing at 0.54. The average price target for the stock over the next 12 months is $13, with the estimates having a low of $9 and a high of $16. These price ends are 28.4% and -27.29% off the current price level respectively, although investors could be excited at the prospect of a -3.42% if the SNAP share price touches on the median price of $13.
Coming back to Snap Inc (NYSE:SNAP), we note that the average 3-month trading volume was 28.29 million, while that of the preceding 10-day period stands at 23.1 million. Current shares outstanding are 1.42 billion.
The insiders hold 35.97% of the company’s shares while institutions hold 51.84%. The data shows that short shares as of 2024-12-13, stood at 64.92 million at a short ratio of 2.36. This represents a 699.00 short interest in shares outstanding on 2024-12-13. Shares short fall in December from the previous month at 66.37 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 16.71% up in year-to-date price movement.
