Snap stock posted losses in New York trading on Thursday afternoon, although it has been remarkably stable in recent trading days. The current price is $10.66, down 0.23% from the previous day. Despite this short-term weakness, the stock has seen a positive performance of 20.40% year-over-year and is currently 22.20% above its 52-week low.
Financial key figures in focus
Snap’s price-to-sales ratio (P/S) is currently 3.25, indicating possible overvaluation. The price-to-cash flow ratio (P/CV) is 60.74, which can be classified as high compared to the industry. Given these metrics, it remains to be seen how Snap shares will perform in the coming trading days.
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