Snap shares fell in New York trading on Monday afternoon. Despite a positive annual development of +22.51%, the social media company’s paper recently suffered losses. The current price is $10.48, a daily loss of 2.96%. This continues the negative trend of the last 30 days, in which the share already lost 2.38%.
Financial indicators in focus
Despite the recent decline, Snap stock remains 20.86% above its 52-week low. The price-to-sales ratio (P/S) is currently 3.20, indicating possible overvaluation. The price-cash flow ratio (P/CV) is currently 59.71, which can be classified as high compared to the industry. Investors should take these metrics into account when making their investment decisions.
Advertisement
Snap shares: buy or sell?! New Snap analysis from October 8th provides the answer:
The latest Snap numbers speak for themselves: there is an urgent need for action for Snap shareholders. Is it worth getting started or should you sell? In the current free analysis from October 8th you will find out what to do now.
Snap: Buy or sell? Read more here…
