SNAP Price Action: Snap shares hit new 52-week lows on Monday before bouncing back. By Chris Tyler, InvestorPlace Contributor Apr 1, 2022, 10:46 am EDT. This story has been corrected to use the accurate pronoun of analyst Jasmine Endberg. UBS analyst Lloyd Walmsley maintained Snap with a Buy rating and lowered the price target from 17 to 15. Snap's average daily user count also continued to increase, up 20% year-over-year to 319 million in the fourth quarter. Analysts had been expecting it to report a loss of 9 cents a share in the latest quarter, according to FactSet. For Snap stocks, the 200-day moving average.

For Snap stocks, the 50-day moving average is the resistance level today. This figure corresponds to the average price over the previous 50/200 days. Snap, which is based in Santa Monica, California, said Thursday its fourth-quarter profit was $22.6 million, or 1 cent per share, compared to a loss of $69 million, or 8 cents per share, a year earlier. 50/200 Day Moving Average: 18.24 / 39.35. She referred to the decline in user growth at Facebook that is in large part due to competition from TikTok, the popular video sharing app.Įven so, Enberg added, much of Snap's growth likely came from India, where TikTok is banned. “Snapchat is clearly not as prone to the ‘TikTok effect’ as Meta, with strong daily active user growth in all regions, including North America,' said Insider Intelligence analyst Jasmine Enberg. The stock, which tends to be volatile, lost nearly 24% in the regular trading session following Meta's plunge. The stock jump came Thursday after Facebook parent Meta saw its worst one-day stock price decline in its history, showing that while internet and social media companies are sometimes lumped together by Wall Street, their fortunes often diverge. after the owner of the disappearing message platform Snapchat surprised Wall Street by posting a quarterly profit for the first time. Investors are snapping up shares of Snap Inc.