Snap Inc (NYSE:SNAP) shares, rose in value, with the stock price down by -1.54% to the previous day’s close as strong demand from buyers drove the stock to $9.26.
Actively observing the price movement in the recent trading, the stock is buoying the session at $9.41, falling within a range of $9.14 and $9.33. The value of beta (5-year monthly) is 0.919. Referring to stock’s 52-week performance, its high was $17.33, and the low was $8.29. On the whole, SNAP has fluctuated by -8.81% over the past month.
With the market capitalization of Snap Inc currently standing at about $15.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-03.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 6.09B, with a low estimate of 1.33B and a high estimate of 1.37B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.35B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that SNAP’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of SNAP currently trading nearly -0.24% and -9.47% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 44.42, while the 7-day volatility ratio is showing 4.02% which for the 30-day chart, stands at 4.63%. Furthermore, Snap Inc (SNAP)’s beta value is 0.89, and its average true range (ATR) is 0.42.
A comparison of Snap Inc (SNAP) with its peers suggests the former has fared considerably weaker in the market. SNAP showed an intraday change of -1.54% in today’s session so far, and over the past year, it shrunk by -17.72%%.
Data on historical trading for Snap Inc (NYSE:SNAP) indicates that the trading volumes over the past 10 days have averaged 30.74 and over the past 3 months, they’ve averaged 28.94 million. According to company’s latest data on outstanding shares, there are 1.44 billion shares outstanding.
Nearly 35.59% of Snap Inc’s shares belong to company insiders and institutional investors own 50.34% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 61.27 million shares as on 2025-03-14, resulting in a short ratio of 2.66. According to the data, the short interest in Snap Inc (SNAP) stood at 688.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 59.38 million. The stock has fallen by -13.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the SNAP stock heading into the next quarter.
