The price of Snap Inc (NYSE:SNAP) shares last traded on Wall Street rose 1.26% to $9.64.
SNAP stock price is now -15.39% away from the 50-day moving average and -28.63% away from the 200-day moving average. The market capitalization of the company currently stands at $15.82B.
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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., Officer bought 59,053 shares of the company’s stock on Sep 16 ’24. The stock was bought for $548,640 at an average price of $9.29. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 16 ’24, Officer Morrow Rebecca bought 2,459 shares of the business’s stock. A total of $22,842 was incurred on buying the stock at an average price of $9.29. 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 $11.259 and a two-hundred day moving average price translates $13.49055 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.
