2-May-2024
Loop Capital Markets Reaffirms Their Buy Rating on Snap (SNAP)
TipRanks (Thu, 2-May 7:39 AM ET)
TikTok Ban: Is The US Government Taking A Page From China's Censorship Book?
Benzinga (Wed, 1-May 5:11 PM ET)
Roblox opens up new ad format as it looks to build its ads business
Seeking Alpha News (Wed, 1-May 10:25 AM ET)
Benzinga (Mon, 29-Apr 9:39 PM ET)
TikTok Ban: Courts Must Decide Whether National Security Concerns Trump Freedom Of Expression
Benzinga (Mon, 29-Apr 2:40 PM ET)
What's Going On With Snap Stock?
Benzinga (Mon, 29-Apr 1:10 PM ET)
Elon Musk's X Faces Widespread Disruptions, Affecting Users Globally
Benzinga (Mon, 29-Apr 7:35 AM ET)
KeyBanc Sticks to Their Hold Rating for Snap (SNAP)
TipRanks (Mon, 29-Apr 2:27 AM ET)
Snap Inc. Announces First Quarter 2024 Financial Results
Business Wire (Thu, 25-Apr 4:10 PM ET)
SNAP Options are Pricing in a Large Earnings Move
Market Chameleon (Thu, 25-Apr 12:56 PM ET)
Snap owns one of the most popular social networking apps, Snapchat, claiming more than 400 million daily active users as of the end of 2023. Snap generates nearly all its revenue from advertising. While only about one quarter of users are in North America, the region accounts for about 65% of sales.
Snap Class A trades on the NYSE stock market under the symbol SNAP.
As of May 2, 2024, SNAP stock price climbed to $16.30 with 26,538,875 million shares trading.
SNAP has a beta of 1.76, meaning it tends to be more sensitive to market movements. SNAP has a correlation of 0.09 to the broad based SPY ETF.
SNAP has a market cap of $28.09 billion. This is considered a Large Cap stock.
Last quarter Snap Class A reported $1 billion in Revenue and $.03 earnings per share. This beat revenue expectation by $75 million and exceeded earnings estimates by $.08.
In the last 3 years, SNAP stock traded as high as $83.34 and as low as $7.33.
The top ETF exchange traded funds that SNAP belongs to (by Net Assets): VTI, VO, VXF, FDN, VUG.
SNAP has outperformed the market in the last year with a price return of +86.7% while the SPY ETF gained +23.2%. However, in the short term, SNAP had mixed performance relative to the market. It has underperformed in the last 3 months, returning +2.7% vs +3.6% return in SPY. But in the last 2 weeks, SNAP shares have fared better than the market returning +49.5% compared to SPY +0.9%.
SNAP support price is $15.32 and resistance is $16.40 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNAP stock will trade within this expected range on the day.