In yesterday’s Wall Street session, Snap Inc (NYSE:SNAP) shares traded at $10.55, down -0.47% from the previous session.
SNAP stock price is now -1.59% away from the 50-day moving average and -14.27% away from the 200-day moving average. The market capitalization of the company currently stands at $17.43B.
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With the price target maintained at $17, JMP Securities recently Upgraded its rating from Mkt Perform to Mkt Outperform for Snap Inc (NYSE: SNAP). On September 20, 2024, B. Riley Securities recently initiated its ‘Neutral’ rating on the stock quoting a target price of $11, while ‘Cantor Fitzgerald’ rates the stock as ‘Neutral’
In other news, Morrow Rebecca, Officer bought 11,154 shares of the company’s stock on Nov 18 ’24. The stock was bought for $117,634 at an average price of $10.55. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 18 ’24, Officer O’Sullivan Michael J. bought 12,315 shares of the business’s stock. A total of $129,857 was incurred on buying the stock at an average price of $10.54. A total of 36.26% of the company’s stock is owned by insiders.
During the past 12 months, Snap Inc has had a low of $8.29 and a high of $17.90. As of last week, the company has a debt-to-equity ratio of 1.92, a current ratio of 4.04, and a quick ratio of 4.04. The fifty day moving average price for SNAP is $10.68 and a two-hundred day moving average price translates $12.3389 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-09-30. The net profit margin was -18.49% and return on equity was -40.62% for SNAP. The company reported revenue of $1.37 billion for the quarter, compared to $1.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.48 percent.
