Previous Close | 13.13 |
Open | 13.18 |
Bid | 0.00 x 4000 |
Ask | 13.23 x 1300 |
Day's Range | 12.80 - 13.46 |
52 Week Range | 11.88 - 83.34 |
Volume | |
Avg. Volume | 44,473,900 |
Market Cap | 21.61B |
Beta (5Y Monthly) | 1.22 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -0.35 |
Earnings Date | Jul 20, 2022 - Jul 25, 2022 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 30.31 |
Snap is one of the largest and best-known technology companies with a stock price under $20. The company operates Snapchat, a camera application that allows users to capture and share images and video. Snapchat caters to a young demographic, and the company boasts that most young people in developed economies know and use Snapchat frequently.
Snap's (NYSE: SNAP) stock has tumbled about 70% this year and currently trades nearly 20% below its initial public offering price of $17. The social media company lost its luster amid concerns about its slowing growth, widening losses, and Snapchat's ability to adapt to Apple's (NASDAQ: AAPL) iOS changes. Rising interest rates exacerbated that pain by driving investors away from unprofitable growth stocks, and Snap's abrupt decision to slash its second-quarter guidance in late May -- just one month after posting its original downbeat guidance with its first-quarter report -- spooked investors.
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