Much has been written about Snapchat (Ok ok, Snap Inc.) over the last 5 months. Is this another Twitter in the making? Could it get worse? Will it get acquired now that the shares are down 50% of the IPO price? etc. etc.
Like often though, things are not as simple as they seem to appear.
So before one decides to get in or get out of SNAP, here are some things to consider:
- Crowd analysts predict constantly improving revenues in future quarters – (revenue forecast below)
3. The shares of SNAP might still not be at the rock bottom. Much of the recent fall has been attributed to the end of lockup periods for early shareholders. However, lockups for many of them are still due to end, though. August will see two more end dates – 14th and 29th. Many shareholders are expected to sell at least parts of their positions, could this lead to further price falls? That could have many short-term ramifications as we all well know.
So what to do? Watch!
The earnings announcement on August 10 should be a good indicator if the above chart holds true to any extent at all.
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