Arch Resources, Bunge, and Constellation E. - SMID-cap stock ideas as the theme rebounds - BMO
Seeking Alpha News (Wed, 27-Mar 11:19 AM ET)
Social media faces modest hit from Florida's child-safety law: Wells Fargo
Seeking Alpha News (Wed, 27-Mar 9:10 AM ET)
Wells Fargo Remains a Buy on Snap (SNAP)
TipRanks (Wed, 27-Mar 4:56 AM ET)
Bernstein Remains a Hold on Snap (SNAP)
TipRanks (Wed, 27-Mar 3:35 AM ET)
Benzinga (Tue, 26-Mar 11:21 PM ET)
Snap Stock (NYSE:SNAP) May Be Heading Toward Penny Stock Status
TipRanks (Tue, 26-Mar 9:14 PM ET)
Why Snap Stock (NYSE:SNAP) Could Head Become a Penny Stock
TipRanks (Tue, 26-Mar 9:14 PM ET)
Why Snap (NYSE:SNAP) Could Become a Penny Stock
TipRanks (Tue, 26-Mar 9:14 PM ET)
Integral Ad Science signs first-to-market partnership with Snap
Seeking Alpha News (Tue, 26-Mar 9:00 AM ET)
PRNewswire (Tue, 26-Mar 8:00 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 March 28, 2024, SNAP stock price climbed to $11.48 with 14,555,063 million shares trading.
SNAP has a beta of 1.55, meaning it tends to be more sensitive to market movements. SNAP has a correlation of 0.07 to the broad based SPY ETF.
SNAP has a market cap of $18.95 billion. This is considered a Large Cap stock.
Last quarter Snap Class A reported $1 billion in Revenue and $.08 earnings per share. This fell short of revenue expectation by $-19 million and exceeded earnings estimates by $.02.
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, FDN.
SNAP has underperformed the market in the last year with a price return of -2.2% while the SPY ETF gained +33.6%. SNAP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -32.3% and -3.5%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
SNAP support price is $11.11 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.