If you are wondering whether Snap at around US$7.46 is priced for a comeback or still too risky, you are not alone.
Over the last week the stock returned 1.5%, while the 30 day return was a 5.1% decline and the year to date move sits at an 8.2% decline, with a 33.3% decline over 1 year and a 35.5% decline over 3 years, extending to an 87.3% decline over 5 years.
Recent news flow around Snap has focused on questions about user engagement, competition in social media and how the business model is evolving, all of which feed into changing expectations around future cash flows and risk. These stories help explain why sentiment around the stock has been shifting and why the share price has been so volatile.
