26-Apr-2024
GOOG, SNAP among major communication services gainers; ROKU, DRCT among losers
Seeking Alpha News (Fri, 26-Apr 3:02 PM ET)
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Benzinga (Fri, 26-Apr 2:50 PM ET)
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PEGY, CGEM and IFBD among mid-day movers
Seeking Alpha News (Fri, 26-Apr 1:09 PM ET)
Biggest stock movers today: ROKU, GOOG, MSFT, SNAP, and more
Seeking Alpha News (Fri, 26-Apr 10:24 AM ET)
Maintaining Hold on Snap Amid Tentative Turnaround and Competitive Challenges
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Benzinga (Fri, 26-Apr 8:18 AM ET)
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Maintaining a Hold: Balancing Snap’s Q1 Success Against Long-Term Growth Visibility
TipRanks (Fri, 26-Apr 8:05 AM ET)
Snap (SNAP) Receives a Rating Update from a Top Analyst
TipRanks (Fri, 26-Apr 7:55 AM 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 April 26, 2024, SNAP stock price climbed to $14.55 with 129,472,350 million shares trading.
SNAP has a beta of 1.78, 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 $24.02 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, VUG, VOT.
SNAP has outperformed the market in the last year with a price return of +47.3% while the SPY ETF gained +27.4%. However, in the short term, SNAP had mixed performance relative to the market. It has underperformed in the last 3 months, returning -10.5% vs +4.6% return in SPY. But in the last 2 weeks, SNAP shares have fared better than the market returning +34.1% compared to SPY -0.5%.
SNAP support price is $11.01 and resistance is $11.79 (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.