Snap One Holdings Stock: A Deep Dive Into Analyst Perspectives (4 Ratings)
Across the recent three months, 4 analysts have shared their insights on Snap One Holdings (NASDAQ:SNPO), expressing a variety of opinions spanning from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 0 | 2 | 0 | 0 |
| Last 30D | 0 | 0 | 2 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $11.38, along with a high estimate of $12.00 and a low estimate of $10.75. Highlighting a 5.17% decrease, the current average has fallen from the previous average price target of $12.00.
Analyzing Analyst Ratings: A Detailed Breakdown
A comprehensive examination of how financial experts perceive Snap One Holdings is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Cory Carpenter | JP Morgan | Lowers | Neutral | $10.75 | $11.00 |
| Keith Hughes | Truist Securities | Lowers | Hold | $10.75 | $12.00 |
| Keith Hughes | Truist Securities | Raises | Buy | $12.00 | $11.00 |
| Robert Jamieson | UBS | Lowers | Buy | $12.00 | $14.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Snap One Holdings. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Snap One Holdings compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Snap One Holdings's stock. This comparison reveals trends in analysts' expectations over time.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Snap One Holdings's market standing. Stay informed and make data-driven decisions with our Ratings Table.
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Unveiling the Story Behind Snap One Holdings
Snap One Holdings Corp provides products, services, and software's to its network of professional integrators that enable them to deliver smart living experiences for their residential and business end users. The Company's hardware and software portfolio includes proprietary and third-party offerings across connected, infrastructure, and entertainment categories. Additionally, the Company provides value-added services and workflow solutions to support integrators throughout the project lifecycle, enhancing their operations.
Breaking Down Snap One Holdings's Financial Performance
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Snap One Holdings faced challenges, resulting in a decline of approximately -1.44% in revenue growth as of 31 December, 2023. This signifies a reduction in the company's top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Snap One Holdings's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -2.19%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Snap One Holdings's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -0.76%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -0.36%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Snap One Holdings's debt-to-equity ratio surpasses industry norms, standing at 0.74. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.