An Evaluation Of Snap Inc (NYSE: SNAP) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Snap Inc. Announces Fourth Quarter and Full Year 2023 Financial Results.

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Stocks Info

SNAP belongs to the Communication Services sector of the NYSE while operating in the Internet Content & Information industry. At the end of the last regular session, the stock closed at $17.45 and fluctuated between $17.50 as its day high and $16.77 as its day low. The current market capitalization of Snap Inc is $28.73B. A total of 82.14 million shares were traded on the day, compared to an average of 23.51M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SNAP has seen 2 BUY and 7 SELL insider trades, representing the acquisition of 145,319 and the disposition of 351,322 shares. Over the last 12 months, there were 24 BUYs and 66 SELLs from insiders. Insiders purchased 4,960,975 shares during that period but sold 6,721,674.

In the most recent transaction, O’Sullivan Michael J. sold 13,000 shares of SNAP for 16.16 per share on Jan 31. After the transaction, the General Counsel now owns 461,005 company shares. In a previous transaction on Jan 16, Morrow Rebecca sold 408 shares at 15.56 per share. SNAP shares that CAO owns now total 306,618.

Among the insiders who sold shares, Andersen Derek disposed of 27,152 shares on Dec 18 at a per-share price of $17.12. This resulted in the Chief Financial Officer holding 2,228,366 shares of SNAP after the transaction. In another insider transaction, Morrow Rebecca sold 1,792 shares at $17.13 per share on Dec 18. Company shares held by the CAO now total 307,026.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SNAP in the last 3 months, the mean price target is $14.94 with high estimates of $23.00 and low estimates of $7.50. In terms of 52-week highs and lows, SNAP has a high of $17.90 and a low of $7.86.

As of this writing, SNAP has an earnings estimate of $SAP SE per share for the current quarter. EPS was calculated based on a consensus of Snap Inc. estimates, with a high estimate of $Snap One Holdings Corp. per share and a lower estimate of $Snap-On Incorporated.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SNAP’s latest balance sheet shows that the firm has $3.69B in Cash & Short Term Investments as of fiscal 2021. There were $2.63B in debt and $851.79M in liabilities at the time. Its Book Value Per Share was $1.52, while its Total Shareholder’s Equity was $3.79B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SNAP is Buy with a score of 3.39.

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