|Bid||13.10 x 4000|
|Ask||13.17 x 1300|
|Day's Range||12.80 - 13.46|
|52 Week Range||11.88 - 83.34|
|Beta (5Y Monthly)||1.22|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 20, 2022 - Jul 25, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.31|
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Snap's (NYSE: SNAP) stock has tumbled about 70% this year and currently trades nearly 20% below its initial public offering price of $17. The social media company lost its luster amid concerns about its slowing growth, widening losses, and Snapchat's ability to adapt to Apple's (NASDAQ: AAPL) iOS changes. Rising interest rates exacerbated that pain by driving investors away from unprofitable growth stocks, and Snap's abrupt decision to slash its second-quarter guidance in late May -- just one month after posting its original downbeat guidance with its first-quarter report -- spooked investors.
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SNAP launches Snapchat+ subscription services to boost plummeting revenue growth.