Snap Inc (NYSE:SNAP) shares traded -2.36% down during most recent session to reach at the closing price of $6.21. The stock exchanged hands 16.87 Million shares versus average trading capacity of 24.94 Million shares, yielding a market cap of $7.91 Billion. Wall Street analysts covering the stock are projecting that the stock will reach $8.12 within the next 52-weeks. The mean target projections are based on 31 opinions.
Taking a broader look brokerage firms’ analysts on the street with an expectant view have Snap Inc (NYSE:SNAP) high price target of $14.6 and with a conservative view have low price target of $5.
Jefferies “Maintained” Snap Inc (NYSE:SNAP) in a research note issued to investors on 10/26/18 to Hold with price target of $8.
Additionally on 10/26/18 Canaccord Genuity “Maintained” Snap Inc (NYSE:SNAP) to Hold setting price target at $8 and on 10/26/18 JP Morgan “Downgrades” the stock to Underweight at $6. Furthermore on 10/12/18 Pivotal Research “Upgrades” the stock to Buy at $0.
On the other hand the company has Relative Strength Index (RSI 14) of 41.67 along with Average True Range (ATR 14) of 0.37, Consequently Snap Inc (NYSE:SNAP)’s weekly and monthly volatility is 4.27%, 4.92% respectively. The company’s beta value is at 0.
In terms of Buy, Sell or Hold recommendations, Snap Inc (NYSE:SNAP) has analysts’ mean recommendation of 3.2. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.
According to analysts Snap Inc (NYSE:SNAP)’s minimum EPS for the current quarter is at $-0.13 and can go high up to $-0.06. The consensus mean EPS for the current quarter is at $-0.08 derived from a total of 24 estimates from the analysts who have weighed in on projected earnings. However the company reported $-0.13 earnings per share for the same quarter during last year.
Previously Snap Inc (NYSE:SNAP) reported $-0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $-0.14 by $0.02. The company posted an earnings surprise of 14.3%.
Snap Inc (NYSE:SNAP)’s revenue estimates for the current quarter are $374.16 Million according to 29 number of analysts, for the current quarter the company has high revenue estimates of $392 Million in contradiction of low revenue estimates of $332.98 Million. For the current year the company’s revenue estimates are $1.16 Billion compared to low analyst estimates of $1.12 Billion and high estimates of $1.18 Billion according to 33 number of analysts.
Currently Snap Inc (NYSE:SNAP)’s shares owned by insiders are 10.3%, whereas shares owned by institutional owners are 38.6%. However the six-month change in the insider ownership was recorded -4.12%, as well as three-month change in the institutional ownership was recorded 4.74%.
Snap Inc (NYSE:SNAP)’s trailing twelve month revenues are $1.08 Billion, whereas its price to sales ratio for the same period is 7.35. Its book value per share for the most recent quarter is $1.82 while its price to book ratio for the same period is 3.41, as for as the company’s cash per share for the most recent quarter is $1.11, however its price to cash per share ratio for the same period is 5.59. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0.