![]() ![]() Supporting documentation for any claims (including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tasty live is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer. ![]() tasty live is not in the business of transacting securities trades, nor does it direct client commodity accounts or give commodity trading advice tailored to any particular client’s situation or investment objectives. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. tasty live, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. (“tasty live”) and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Tasty live content is created, produced, and provided solely by tastylive, Inc. ![]() However, as it stands right now, there is about a 22% chance of Snap being above $80 on January 19 th, 2024 (Option expiration for that month). How to Trade Snap’s Q1 EarningsĮven with Snap's implied volatility over 100%, roughly 5 times higher than the S&P 500, bullish investors should be cognizant the market is not expecting Snap to retouch that high above $80 anytime soon. Investors are hopeful Snap can continue these positive trends into 2022. ![]() This was a 74% drop in the operating loss compared to the same quarter a prior year. Though admittedly the $25 million operating loss reported for Q4 was the smallest on record. The trouble for Snap the last few years has been extremely high expenses relative to overall revenue. This growth was fueled by both an increase in revenue and a declining cost of revenue which were about 42% and -16% respectively from Q4 2020 to Q4 2021. This was a 61% increase over the prior year’s Q4 gross profit and 170% increase over Q4 2019. The $848 million in gross profit last quarter was by far their best on record. The financials for Snap are definitely trending in the right direction. Twitter and Meta are also struggling though Twitter did receive some help recently due to the takeover bid by Elon Musk. While not on its lows, the stock remains far off the highs, below $35 per share. Snap then participated in the seemingly relentless tech rally of late 2020 and much of 2021, climbing to a peak price of $83.34 last September, before a drastic post-earnings drop in October. Snap spent most of the time pre-pandemic trading below $20 per share before falling below $10 in March of 2020. To trade Snapchat, Meta, and Twitter Stock, open an account on tastytrade SNAP Stock: Recent Price Action While Snap and Twitter both trade on the New York Stock Exchange, Nasdaq-traded Meta Platforms (FB, formerly Facebook), is now valued at $586 billion, still standing as the behemoth of the social media space thanks to Facebook, Instagram and WhatsApp. Likewise, Snap could easily fit in the Nasdaq-100 index, if it traded on the Nasdaq. While not inducted into the S&P 500 yet, Snap would certainly sit comfortably in the index, outranking over 350 of the components by market capitalization. Snap is currently valued at around $54 billion, still above Twitter ($36 billion), even after the recent Elon Musk hype. Though even with the TikTok phenomenon, Snap still saw steady user growth from 2020 to 2021, rising from 354 million to 428 million. This is especially true as all social media platforms fight to keep eyeballs on their apps as TikTok continues to draw the masses. As is often possible in earnings season, traders should be mindful that moves in Snap after numbers are released could move shares of Twitter (TWTR) or Meta Platforms (FB) if they indicate substantial shifts in the industry. (SNAP) reports Q1 2022 numbers this Thursday, April 21 st after the bell. With earnings season in full swing, Snap Inc. When Does SNAP Report Its Q1 2022 Results? ![]()
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