Shares of Technology sector company Snap moved 7.5% today, and are now trading at a price of $12.14. The large-cap stock's daily volume was 26,697,186 compared to its average volume of 23,144,800. The S&P 500 index returned a 2.0% performance.
Snap Inc. operates as a technology company in North America, Europe, and internationally. The company is based in Santa Monica and has 5,367 full time employees. Its market capitalization is $19,995,529,216.
29 analysts are following Snap and have set target prices ranging from $7.0 to $15.0 per share. On average, they have given the company a rating of hold. At today's prices, SNAP is trading 19.77% away from its average analyst target price of $10.14 per share.
Over the last year, SNAP's share price has increased by 3.0%, which represents a difference of -11.0% when compared to the S&P 500. The stock's 52 week high is $13.89 per share whereas its 52 week low is $7.86. Snap has averaged free cash flows of $-169616166.7 over the last 6 years, but they have been increasing at a rate of 1.6%. Nonetheless, more cautious investors will probably avoid this stock until the business becomes firmly cash positive.
| Date Reported | Cash Flow from Operations ($ k) | Capital expenditures ($ k) | Free Cash Flow ($ k) | YoY Growth (%) |
|---|---|---|---|---|
| 2023 | 250,402 | 169,334 | 81,068 | 46.58 |
| 2022 | 184,614 | 129,306 | 55,308 | -75.2 |
| 2021 | 292,880 | 69,875 | 223,005 | 198.9 |
| 2020 | -167,644 | 57,832 | -225,476 | 33.96 |
| 2019 | -304,958 | 36,478 | -341,436 | 57.86 |
| 2018 | -689,924 | 120,242 | -810,166 |
