The Question Is Whether To Buy Or Not To Buy Snap Inc (NYSE: SNAP)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours.

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Stocks Info

Snap Inc is listed on the NYSE as a member of the Communication Services sector and is a part of the Internet Content & Information industry. The current market capitalization of Snap Inc is $18.39B. A total of 24.95 million shares were traded on the day, compared to an average of 31.11M shares.

In the most recent transaction, Morrow Rebecca sold 428 shares of SNAP for 10.19 per share on Apr 16 ’24. After the transaction, the CAO now owns 492,656 company shares. In a previous transaction on Mar 28 ’24, O’Sullivan Michael J. sold 18,000 shares at 11.53 per share. SNAP shares that General Counsel owns now total 474,812.

Among the insiders who sold shares, Andersen Derek disposed of 96,953 shares on Mar 18 ’24 at a per-share price of $10.99. This resulted in the Chief Financial Officer holding 2,534,689 shares of SNAP after the transaction. In another insider transaction, O’Sullivan Michael J. sold 59,641 shares at $11.00 per share on Mar 18 ’24. Company shares held by the General Counsel now total 1,267,193.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. 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 -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 22 estimates, with a high estimate of $0.01 per share and a lower estimate of -$0.1. The company reported an EPS of $0.02 in the last quarter, which was 150.00% higher than expectations of -$0.04.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on 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 $1.47, while its Total Shareholder’s Equity was $3.79B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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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