Snap Inc Stock Cash And Equivalents
| SNAP Stock | USD 9.39 0.08 0.84% |
Snap's fundamental analysis aims to assess its intrinsic value by examining key economic and financial indicators - such as cash flow records, changes in balance sheet accounts, income statement trends, financial ratios, and relevant microeconomic factors affecting Snap Stock price.
This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools. Snap Inc Company Cash And Equivalents Analysis
Snap's Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Current Snap Cash And Equivalents | 4.43 B |
Most of Snap's fundamental indicators, such as Cash And Equivalents, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Snap Inc is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
Cash equivalents represent current assets that are easily convertible to cash such as short term bonds, savings account, money market funds, or certificate of deposits (CDs). One of the important consideration companies make when classifying assets as cash equivalent is that investments they report on their balance sheets under current assets should have almost no risk of change in value over the next few months (usually three months).
| Competition |
In accordance with the recently published financial statements, Snap Inc has 4.43 B in Cash And Equivalents. This is 42.99% higher than that of the Interactive Media & Services sector and significantly higher than that of the Communication Services industry. The cash and equivalents for all United States stocks is 63.95% lower than that of the firm.
Snap Cash And Equivalents Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Snap's direct or indirect competition against its Cash And Equivalents to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Snap could also be used in its relative valuation, which is a method of valuing Snap by comparing valuation metrics of similar companies.Snap is currently under evaluation in cash and equivalents category among its peers.
Snap Fundamentals
| Return On Equity | -0.24 | ||||
| Return On Asset | -0.0547 | ||||
| Profit Margin | (0.1) % | ||||
| Operating Margin | (0.14) % | ||||
| Current Valuation | 16.94 B | ||||
| Shares Outstanding | 1.43 B | ||||
| Shares Owned By Insiders | 24.38 % | ||||
| Shares Owned By Institutions | 63.02 % | ||||
| Number Of Shares Shorted | 106.66 M | ||||
| Price To Earning | (5.04) X | ||||
| Price To Book | 6.59 X | ||||
| Price To Sales | 2.88 X | ||||
| Revenue | 5.36 B | ||||
| Gross Profit | 2.99 B | ||||
| EBITDA | (492.6 M) | ||||
| Net Income | (697.86 M) | ||||
| Cash And Equivalents | 4.43 B | ||||
| Cash Per Share | 2.75 X | ||||
| Total Debt | 4.24 B | ||||
| Debt To Equity | 1.44 % | ||||
| Current Ratio | 4.86 X | ||||
| Book Value Per Share | 1.37 X | ||||
| Cash Flow From Operations | 413.48 M | ||||
| Short Ratio | 2.86 X | ||||
| Earnings Per Share | (0.32) X | ||||
| Price To Earnings To Growth | 496.06 X | ||||
| Target Price | 9.88 | ||||
| Number Of Employees | 5.06 K | ||||
| Beta | 0.62 | ||||
| Market Capitalization | 15.93 B | ||||
| Total Asset | 7.94 B | ||||
| Retained Earnings | (12.74 B) | ||||
| Working Capital | 3.66 B | ||||
| Net Asset | 7.94 B |
About Snap Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Snap Inc's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Snap using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Snap Inc based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Snap
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Snap position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Snap will appreciate offsetting losses from the drop in the long position's value.Moving together with Snap Stock
| 0.75 | Z | Zillow Group Class Earnings Call Today | PairCorr |
| 0.81 | ZG | Zillow Group Earnings Call Today | PairCorr |
| 0.87 | ZH | Zhihu Inc ADR | PairCorr |
Moving against Snap Stock
| 0.71 | GIFT | RDE, Inc Symbol Change | PairCorr |
| 0.66 | FVRR | Fiverr International | PairCorr |
| 0.45 | DJTWW | Trump Media Technology | PairCorr |
| 0.39 | TEM | Tempus AI, Class Earnings Call This Week | PairCorr |
| 0.32 | YELP | Yelp Inc Earnings Call This Week | PairCorr |
The ability to find closely correlated positions to Snap could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Snap when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Snap - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Snap Inc to buy it.
The correlation of Snap is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Snap moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Snap Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Snap can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Snap Stock Analysis
When running Snap's price analysis, check to measure Snap's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snap is operating at the current time. Most of Snap's value examination focuses on studying past and present price action to predict the probability of Snap's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snap's price. Additionally, you may evaluate how the addition of Snap to your portfolios can decrease your overall portfolio volatility.