|Bid||13.10 x 4000|
|Ask||13.17 x 1300|
|Day's range||12.80 - 13.46|
|52-week range||11.88 - 83.34|
|Beta (5Y monthly)||1.22|
|PE ratio (TTM)||N/A|
|Earnings date||20 Jul 2022 - 25 Jul 2022|
|Forward dividend & yield||N/A (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.
(Bloomberg) -- Twitter Inc. has hired Maggie McLean Suniewick from NBCUniversal Media to be the company’s new vice president of partnerships, overseeing the teams in charge of global alliances, business development and developer relations.Most Read from BloombergJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutUS Court Ruling May Take 70,000 Truckers Off Road, Spur JamsCrypto Meltdown Claims Rolex and Patek Philippe as VictimsThe Wheels Have Come Off Electric VehiclesNetflix Crash