Snap Inc (NYSE:SNAP) shares, rose in value, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $7.71.
Actively observing the price movement in the recent trading, the stock is buoying the session at $7.74, falling within a range of $7.65 and $7.83. The value of beta (5-year monthly) is 0.922. Referring to stock’s 52-week performance, its high was $17.33, and the low was $7.08. On the whole, SNAP has fluctuated by -14.77% over the past month.
With the market capitalization of Snap Inc currently standing at about $13.07 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 5.99B, with a low estimate of 1.31B 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 -9.01% and -17.63% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 39.37, while the 7-day volatility ratio is showing 6.19% which for the 30-day chart, stands at 7.03%. Furthermore, Snap Inc (SNAP)’s beta value is 0.63, and its average true range (ATR) is 0.57.
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 -0.45% in today’s session so far, and over the past year, it shrunk by -25.98%%.
Data on historical trading for Snap Inc (NYSE:SNAP) indicates that the trading volumes over the past 10 days have averaged 42.95 and over the past 3 months, they’ve averaged 30.90 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 50.42% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 74.94 million shares as on 2025-03-31, resulting in a short ratio of 2.74. According to the data, the short interest in Snap Inc (SNAP) stood at 841.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 62.06 million. The stock has fallen by -28.46% 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.
