YELP Stock Summary and Trading Ideas (Yelp | NYSE:YELP)

Yelp Inc operates in the online content market based in the United States. It provides a web-based platform and mobile application to bridge the gap between businesses and consumers. The platform assists consumers through product reviews, tips, photos and videos thereby enabling them in making better buying decisions and posting their feedbacks. Its products and services includes Advertising Products and Business Page Products. In addition, it also lets the buyers directly transact with businesses directly through its platform. Yelp generates revenue mainly from the sale of advertising on its website and mobile app to businesses. The company generates majority of the revenue from United States.

Yelp trades on the NYSE stock market under the symbol YELP.

As of May 13, 2024, YELP stock price climbed to $37.82 with 213,930 million shares trading.

YELP has a beta of 1.11, meaning it tends to be more sensitive to market movements. YELP has a correlation of 0.16 to the broad based SPY ETF.

YELP has a market cap of $2.57 billion. This is considered a Mid Cap stock.

Last quarter Yelp reported $333 million in Revenue and $.02 earnings per share. This fell short of revenue expectation by $-608,000 and missed earnings estimates by -$.04.

In the last 3 years, YELP stock traded as high as $48.99 and as low as $25.30.

The top ETF exchange traded funds that YELP belongs to (by Net Assets): IJR, CALF, VTI, VB, IWM.

YELP has outperformed the market in the last year with a return of +32.8%, while the SPY ETF gained +27.9%. However, in the most recent history, YELP shares have underperformed the stock market with its stock returning -16.9% in the last 3 month period and -7.3% for the last 2 week period, while SPY has returned +4.3% and +2.6%, respectively.

YELP support price is $36.23 and resistance is $37.35 (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 YELP stock will trade within this expected range on the day.