Snap's (NYSE: $SNAP) Meteoric Ascent: An Impressive +11.51% Leap 🚀📈
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In today’s digital era, the robustness of companies like Snap (SNAP) sets the pace for the broader market. This month, SNAP took center stage, climbing by a notable 11.51% to reach $9.3 per share.
🌟 Highlighting Industry Dynamics:
A deep dive by A.I.dvisor into the Internet Software/Services Industry this month revealed that only 20% (26 out of 129) of the stocks are on the rise, with a significant 80% taking a downward turn. Snap's performance, in this context, stands out as exemplary.
📊 Financial Report Card:
Snap's recent earnings report, released on October 24, illustrated a positive earnings per share of 1 cent, trumping the estimated -23 cents. With a total of 8.44M shares outstanding, SNAP boasts a formidable market capitalization of 15.31B.
🌐 Key Players in the Arena:
When talking about the Internet Software/Services Industry, we're essentially discussing a realm of giants. Noteworthy names include Alphabet, Meta Platforms, Baidu, Spotify, and Pinterest, among others. This industry has notably embraced cloud computing, offering centralized software licensing on a subscription basis, ensuring data efficiency, security, and speed.
🔍 Market Capitalization Insight:
The industry average stands at a whopping 46.83B. While Alphabet (GOOGL) tops the chart with a 1.58T valuation, MSEZ finds itself at the other end of the spectrum, valued at a mere 1.11K.
📉 Price Movement and Volume:
Across the board, the industry observed a weekly price drop of 1%, a monthly decline of 7%, but a staggering quarterly growth of 3,582%. Notable mentions include BBUZ, which soared by 306%, and LOVLY, which saw a significant 58% drop. Volume dynamics revealed a weekly surge of 67%, a monthly uptick of 62%, but a quarterly decline of 18%.
📋 Fundamental Analysis:
Zooming into the core metrics:
- Valuation Rating: 42
- P/E Growth Rating: 72
- Price Growth Rating: 58
- SMR Rating: 80
- Profit Risk Rating: 92
- Seasonality Score: 4
Snap faced headwinds over the past week, witnessing a decline of 2.62% with an average daily volume of 3 million shares. Over the period, the stock experienced an 18.03% drawdown.
🔮 Forecast and Conclusion:
A.I. forecasts an optimistic trajectory for SNAP. A predicted price target of $13.94 is on the horizon, with a 15.77% likelihood. This equates to a potential 4.91% return based on the current stock price. For traders, the crucial price to watch is $14.09, as crossing this benchmark will confirm the bullish pattern.
In an ever-fluctuating market, Snap's impressive performance provides traders and investors alike a beacon of potential growth and opportunity. As always, keeping a vigilant eye on the market's ebb and flow is key! 🌍💡🔑📈
SNAP in upward trend: 10-day moving average broke above 50-day moving average on September 30, 2024
The 10-day moving average for SNAP crossed bullishly above the 50-day moving average on September 30, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 12 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 55 cases where SNAP's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
SNAP moved above its 50-day moving average on September 24, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNAP advanced for three days, in of 317 cases, the price rose further within the following month. The odds of a continued upward trend are .
SNAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Aroon Indicator entered an Uptrend today. In of 264 cases where SNAP Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for SNAP moved out of overbought territory on September 30, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 37 similar instances where the indicator moved out of overbought territory. In of the 37 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 16, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on SNAP as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for SNAP turned negative on October 17, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 44 similar instances when the indicator turned negative. In of the 44 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNAP declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. SNAP’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (7.692) is normal, around the industry mean (10.901). P/E Ratio (0.000) is within average values for comparable stocks, (50.708). Projected Growth (PEG Ratio) (5.636) is also within normal values, averaging (3.441). Dividend Yield (0.000) settles around the average of (0.026) among similar stocks. P/S Ratio (3.939) is also within normal values, averaging (19.253).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNAP’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock worse than average.
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General Information
a developer of a text and photo based messaging application for mobile phones
Industry InternetSoftwareServices