![]() The 68.73 million shares sold short account for a healthy 5.6% of SNAP's available float. Second, short sellers are firmly in control, with short interest up 14.6% over the last two reporting periods. The 12-month consensus target price of $9.41 is now a 28.6% discount to current levels, suggesting there is still ample room for upgrades and/or additional price-target hikes. First, analysts are still mostly pessimistic, with 29 of 32 in question calling the security a tepid "hold" or worse. There are two reasons SNAP could have room to run. The shares have relied on support form their 20-day moving average since mid-May, and now boast a 47.2% year-to-date lead. Snap stock is fresh off its July 13 rally to $13.88 - its highest level so far in 2023. At last check, SNAP is up 0.8% at $13.26. ![]() Canaccord Genuity, Goldman Sachs, and Credit Suisse all raised their price targets on the social media stock, with the latter making the biggest adjustment from $16 to $11. No cash balance or cash flow is included in the calculation.The bull notes keep coming for Snap Inc (NYSE:SNAP) this morning. Please note all regulatory considerations regarding the presentation of fees must be taken into account. ![]() Backtested results are adjusted to reflect the reinvestment of dividends and other income and, except where otherwise indicated, are presented gross-of fees and do not include the effect of backtested transaction costs, management fees, performance fees or expenses, if applicable. Stock Advisor list price is 199 per year. Live Streaming During Market Hours And Much More Get Started Now. As in the second quarter, Snap's board authorized a stock repurchase program of up to 500 million. Snap stock plunged after the company reported its 2023 first-quarter earnings. ![]() SNAP Stock Quote - Stock Price Today - Stock Market. Should the stock close on Friday at its after-hours level, it would be the lowest since early 2019. Actual performance may differ significantly from backtested performance. after-hours trading following the companys earnings report Thursday. Open 8.55 Prior Close 8.74 (10/05/23) 1 Day SNAP -1.26 DJIA 0.87 S&P 500 1.18 Technology 2.60 Overview Per-Share Earnings, Actuals & Estimates Snap Inc. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Other Robinhood Financial fees may apply, check /fees for details. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. You can buy and sell Snap (SNAP) and other stocks, ETFs, and options commission-free on Robinhood with real-time quotes, market data, and relevant news. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. X The company reported adjusted earnings of 22 cents a share on revenue of 1.3 billion. No representations and warranties are made as to the reasonableness of the assumptions. Snap stock soared in reaction during after-hours trading, after plunging in regular-hours trading. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The historical data and Price History for Snap Inc (SNAP) with Intraday, Daily, Weekly, Monthly, and Quarterly data available for download. These figures correspond to the information presents on the Traders Cheat Sheet page. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. View, at a glance, the 52-Week High and Low for a symbol, along with the 61.8, 50, and 38.2 Fibonacci levels. Backtested performance is not an indicator of future actual results. Snaps (SNAP 0.57) stock price plunged 19 during after-hours trading on July 25 after the social media company posted its second-quarter earnings report. Disclaimer: The TipRanks Smart Score performance is based on backtested results.
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