Snapchat (SNAP, $57.28) reaches 500 million monthly active users
Photo-sharing app Snapchat reached 500 million monthly active users, parent Snap announced. Also, Poshmark is partnering with Snap to launch Poshmark Mini, which will be available to Snapchat users in the U.S. in three different ways: Shop Virtual Posh Parties, Shop Poshmark’s Entire Catalogue, and Shop Top-Selling Brands.
Chief Executive Evan Spiegel said that around 40% of the Snapchat user base is now located outside North America and Europe. "[Nearly] one of every two smartphone users in the U.S. is on Snapchat," Spiegel said.
Snapchat launched series of augmented reality tools, including Scan, which allows Snapchatters to match what is seen through the camera to relevant AR experiences on Snapchat.
The company also announced that it would launch a new app called Story Studio, which has video-editing tools.
SNAP in downward trend: 10-day moving average broke below 50-day moving average on April 14, 2022
The 10-day Moving Average for SNAP crossed bearishly below the 50-day moving average on April 14, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 12 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 86%.
Current price $24.75 crossed the support line at $60.45 and is trading between $60.45 support and $8.08 resistance lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -26% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -0.68%.
The Momentum Indicator moved below the 0 level on April 11, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on SNAP as a result. In 64 of 79 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 81%.
The Moving Average Convergence Divergence Histogram (MACD) for SNAP turned negative on April 11, 2022. 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 40 similar instances when the indicator turned negative. In 27 of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at 68%.
SNAP moved below its 50-day Moving Average on April 08, 2022 date and that indicates a change from an upward trend to a downward trend.
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 50 of 62 cases within the following month. The odds of a continued downward trend are 80%.
The Aroon Indicator for SNAP entered a downward trend on May 13, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SNAP's RSI Oscillator exited the oversold zone, 22 of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 88%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +13.32% 3-day Advance, the price is estimated to grow further. Considering data from situations where SNAP advanced for three days, in 237 of 296 cases, the price rose further within the following month. The odds of a continued upward trend are 80%.
SNAP may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 59%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.2.
The Tickeron PE Growth Rating for this company is 100 (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 SMR rating for this company is 98 (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 Price Growth Rating for this company is 91 (best 1 - 100 worst), indicating slightly worse than average 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 Profit vs. Risk Rating rating for this company is 91 (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 91, placing this stock worse than average.
The Tickeron Valuation Rating of 87 (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 (11.364) is normal, around the industry mean (17.641). P/E Ratio (0.000) is within average values for comparable stocks, (50.361). Projected Growth (PEG Ratio) (4.470) is also within normal values, averaging (4.062). Dividend Yield (0.000) settles around the average of (0.021) among similar stocks. P/S Ratio (8.913) is also within normal values, averaging (96.541).
Companies in this industry typically license software on a subscription basis and it is centrally hosted. Such products usually go by the names web-based software, on-demand software and hosted software. Cloud computing has emerged as a major force in this space, making it possible to save files to a remote database (without requiring them to be saved on local storage device); as long as a device has access to the web, it can access the data and the software programs to run it. This has in many cases facilitated cost efficiency, speed and security of data for businesses and consumers. Alphabet Inc., Facebook, Inc. and Yahoo! Inc. are some well-known names in the internet software/services industry.
The average market capitalization across the Internet Software/Services Industry is 37.8B. The market cap for tickers in the group ranges from 1.1K to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is MSEZ at 1.1K.
The average weekly price growth across all stocks in the Internet Software/Services Industry was -3.92%. For the same Industry, the average monthly price growth was -12.83%, and the average quarterly price growth was -5.71%. NIROF experienced the highest price growth at 58.84%, while PRSNF experienced the biggest fall at -38.8%.
- 4/15/22 4:35 AM: Snap (SNAP, $33.19) was a top loser this week, declining -8.44%
- 3/25/22 6:10 AM: Snap (SNAP, $37.05) was a top weekly gainer, with a +9.07% jump
- 3/18/22 7:14 AM: Snap (SNAP, $33.97) was a top weekly gainer, with a +7.03% jump
The average weekly volume growth across all stocks in the Internet Software/Services Industry was 23.5%. For the same stocks of the Industry, the average monthly volume growth was 16.55% and the average quarterly volume growth was 101.71%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Aroon Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 56%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.15.
10 stocks in the group of tickers confirmed the negative outlook based on the TrendMonth indicator with average odds of 66%.
The average market capitalization across the group is 10.2B. The market cap for tickers in the group ranges from 299.1M to 39.1B. BIDU holds the highest valuation in this group at 39.1B. The lowest valued company is EGAN at 299.1M.
The average weekly price growth across all stocks in the group was -1.8%. For the same group, the average monthly price growth was -19.06%, and the average quarterly price growth was -27.53%. ANGI experienced the highest price growth at 24.09%, while MSTR experienced the biggest fall at -30.48%.
- 5/14/22 4:23 AM: Angi (ANGI, $5.1) was a top weekly gainer, with a +24.09% jump. Expect an Uptrend continuation
- 5/6/22 5:04 AM: CoStar Group (CSGP, $61) was a top loser this week, declining -6.81%
- 5/4/22 8:26 AM: VNET Group (VNET, $6.5) was a top weekly gainer, with a +24.76% jump
The average weekly volume growth across all stocks in the group was 16.71%. For the same stocks of the group, the average monthly volume growth was 137.7% and the average quarterly volume growth was 66.02%
- 5/13/22 4:49 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 724% of the 65-Day Volume Moving Average
- 5/11/22 7:39 AM: The volume for MicroStrategy stock increased for one day, resulting in a record-breaking daily growth of 261% of the 65-Day Volume Moving Average
- 3/19/22 4:44 AM: The volume for Baidu stock increased for one day, resulting in a record-breaking daily growth of 259% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows