Stocks of Snap Inc (NYSE:SNAP) traded higher last session on Wall Street, up 0.77% to $10.42.
SNAP stock price is now -7.22% away from the 50-day moving average and -14.14% away from the 200-day moving average. The market capitalization of the company currently stands at $17.68B.
, while ‘Wells Fargo’ rates the stock as ‘Equal Weight’
In other news, Morrow Rebecca, CAO sold 8,837 shares of the company’s stock on Feb 18 ’25. The stock was sold for $95,828 at an average price of $10.84. Upon completion of the transaction, the CAO now directly owns 429,892 shares in the company, valued at $4.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 18 ’25, Chief Financial Officer Andersen Derek sold 61,334 shares of the business’s stock. A total of $665,020 was realized by selling the stock at an average price of $10.84. This leaves the insider owning 3,564,235 shares of the company worth $37.14 million. A total of 35.98% 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 net profit margin was -13.02% and return on equity was -28.69% for SNAP. The company reported revenue of $1.56 billion for the quarter, compared to $1.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.4 percent.
