In yesterday’s Wall Street session, Snap Inc (NYSE:SNAP) shares traded at $10.71, down -1.92% from the previous session.
SNAP stock price is now -6.75% away from the 50-day moving average and -13.00% away from the 200-day moving average. The market capitalization of the company currently stands at $18.17B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
On February 05, 2025, Wells Fargo Downgraded its previous ‘Overweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $15 to quote $11, while ‘JMP Securities’ rates the stock as ‘Mkt Outperform’
In other news, Spiegel Evan, Chief Executive Officer sold 150,000 shares of the company’s stock on Feb 06 ’25. The stock was sold for $1,571,715 at an average price of $10.48. Upon completion of the transaction, the Chief Executive Officer now directly owns 3,027,844 shares in the company, valued at $32.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 06 ’25, Officer Spiegel Evan bought 150,000 shares of the business’s stock. A total of $1,562,669 was incurred on buying the stock at an average price of $10.42. A total of 36.02% 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 $17.33. As of last week, the company has a debt-to-equity ratio of 1.73, a current ratio of 3.95, and a quick ratio of 3.95. The fifty day moving average price for SNAP is $11.5036 and a two-hundred day moving average price translates $12.31435 for the stock.
The latest earnings results from Snap Inc (NYSE: SNAP) was released for 2024-09-30. The net profit margin was -13.02% and return on equity was -28.69% 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.
