(VIANEWS) – Shares of Snap (NYSE: SNAP) slid by a staggering 20.86% in 10 sessions from $10.5 to $8.31 at 20:48 EST on Tuesday, after two successive sessions in a row of losses. NYSE is falling 1.42% to $15,314.57, following the last session’s downward trend.
Snap’s last close was $8.31, 79.12% under its 52-week high of $39.80.
About Snap
Snap Inc. operates as a technology company in North America, Europe, and internationally. The company offers Snapchat, a visual messaging application with various tabs, such as camera, visual messaging, snap map, stories, and spotlight that enable people to communicate visually through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures photos and video from a human perspective; and advertising products, including AR ads and Snap ads comprises a single image or video ads, story ads, collection ads, dynamic ads, and commercials. The company was formerly known as Snapchat, Inc. and changed its name to Snap Inc. in September 2016. Snap Inc. was founded in 2010 and is headquartered in Santa Monica, California.
Earnings Per Share
As for profitability, Snap has a trailing twelve months EPS of $-0.88.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -44.88%.
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