2/19/2023 0 Comments Snap stock priceSNAP was also able to healthily grow average revenue per user to $4.06 on a global basis.Īnother strong point in the quarter was the company’s continued improvement in profit margins. Compare that to the stagnating numbers at FB. The most critical differentiating factor was its strong 20% growth in daily active users. This is the quarter which famously wiped out $200 billion of stock value from Meta ( FB) in one day, as social networking companies felt the pressures from iOS privacy changes. SNAP’s last quarter showed surprisingly strong revenue growth of 42%. This is the kind of stock that has traded at huge premiums to the growth sectors in recent years, yet now trades with substantial potential upside ahead. SNAP Stock PriceĪt recent prices SNAP is now trading a smidgeon above where it closed on its first day of trading five years ago (which was $24.48 per share). SNAP is clearly resonating with the younger audience, which should provide strong secular growth tailwinds for years if not decades to come. That has led the stock to trade at levels not too far from right before it reported those strong earnings. Yet the stock has plunged alongside the rest of tech amidst the broader tech crash. The company reported strong results in the latest quarters which easily set the tone for social networking peers. is slowly digging itself out of the hole that social media stocks find themselves in, leaving the owners of Facebook and Snapchat behind thanks to its greater reliance on search-driven advertising.Shares in the digital pin-board platform have risen 34% from a two-year low in mid-June, as analysts note improving growth in the number of users on the site, as well as how much they’re interacting with content there.Snapchat ( NYSE: SNAP) is exactly the kind of stock investors should be flocking to in the current market. Pinterest Leaves Peers in the Dust With 34% Rally Snap (SNAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Jefferies senior equities analyst Brent Thill has some very divergent opinions about Tesla and Twitter - and some concerns about the future of the social media company under Tesla CEO Elon Musk - if and when the drama-filled deal to purchase the company goes through at the end of the month.Įarnings Preview: Snap (SNAP) Q3 Earnings Expected to Decline Twitter is the ‘single worst experience online It’s awful,’ analyst says The letter said Snap was terminating its relationship with Elevate, which also provides services to law firms, according to its website. Snap said it had been told by document analysis company Elevate that an unauthorized party had accessed some of Elevate's computer systems in March 2022, according to a Sept. (Reuters) -Ephemeral messaging app Snap had employee data exposed by a breach at a third-party document analysis firm, according to a document reviewed by Reuters on Thursday. Snap employee data exposed after breach at document company Elevate -letter UPDATE 1-Snap employee data exposed after breach at document company Elevate -letterĮphemeral messaging app Snap had employee data exposed by a breach at a third-party document analysis firm, according to a document reviewed by Reuters on Thursday. SNAP's price/sales ratio has moved down 66.1 over the prior 68 months.īelow are key valuation metrics over time for SNAP.īelow are the latest news stories about SNAP INC that investors may wish to consider to help them evaluate SNAP as an investment opportunity.In comparison to the median Technology stock, SNAP's price/sales ratio is 62.5% higher, now standing at 3.9.And to visit SNAP INC's official web site, go to SNAP Valuation Summary If you're looking for stocks that are quantitatively similar to SNAP INC, a group of peers worth examining would be LYEL, MPWR, LASR, U, and SEER.The volatility of SNAP INC's share price is greater than that of 94.7% US stocks with at least 200 days of trading history.The price/operating cash flow metric for SNAP INC is higher than 94.43% of stocks in our set with a positive cash flow.With a market capitalization of $17,000,842,172, SNAP INC has a greater market value than 89.44% of US stocks.SNAP's current lowest rank is in the Stability metric (where it is better than 4.4% of US stocks).SNAP's strongest trending metric is Value it's been moving up over the last 179 days.Value is the dimension where SNAP ranks best there it ranks ahead of 52.78% of US stocks.
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