The stock of Snap Inc (NYSE:SNAP) last traded at $9.02, down -0.33% from the previous session.
SNAP stock price is now -37.97% away from the 50-day moving average and -34.32% away from the 200-day moving average. The market capitalization of the company currently stands at $14.80B.
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On July 23, 2024, Morgan Stanley Upgraded its previous ‘Underweight’ rating to ‘Equal-Weight’ on the stock increasing its target price from $12 to quote $16, while ‘Wolfe Research’ rates the stock as ‘Peer Perform’
In other news, Murphy Robert C., Officer bought 1,000,000 shares of the company’s stock on Aug 06 ’24. The stock was bought for $8,628,559 at an average price of $8.63. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Officer Spiegel Evan bought 150,000 shares of the business’s stock. A total of $1,318,338 was incurred on buying the stock at an average price of $8.79. A total of 37.00% of the company’s stock is owned by insiders.
During the past 12 months, Snap Inc has had a low of $8.28 and a high of $17.90. As of last week, the company has a debt-to-equity ratio of 2.05, a current ratio of 3.98, and a quick ratio of 3.98. The fifty day moving average price for SNAP is $14.4188 and a two-hundred day moving average price translates $13.73015 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-06-30. The net profit margin was -23.49% and return on equity was -51.19% for SNAP. The company reported revenue of $1.24 billion for the quarter, compared to $1.07 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.84 percent.
