The price of Snap Inc (NYSE:SNAP) shares last traded on Wall Street fell -1.04% to $8.53.
SNAP stock price is now -29.61% away from the 50-day moving average and -37.23% away from the 200-day moving average. The market capitalization of the company currently stands at $14.00B.
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With the price target of $8, Cantor Fitzgerald recently initiated with Neutral rating for Snap Inc (NYSE: SNAP). , while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’
In other news, O’Sullivan Michael J., General Counsel sold 18,000 shares of the company’s stock on Aug 30 ’24. The stock was sold for $167,476 at an average price of $9.30. Upon completion of the transaction, the General Counsel now directly owns 456,662 shares in the company, valued at $3.9 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 30 ’24, Officer Michael O’Sullivan Living Trus bought 18,000 shares of the business’s stock. A total of $165,960 was incurred on buying the stock at an average price of $9.22. A total of 36.89% 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 $11.957 and a two-hundred day moving average price translates $13.572 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.
