Snap Inc.: The Winning Streak Continues

 Snap Inc.: The Winning Streak Continues

Snap Inc. (NYSE: SNAP) traded at a new 52-week high today of $80.93. This new high was reached on below-average trading volume as 9.1 million shares traded hands, while the average 30-day volume is approximately 13.2 million shares.

Over the past year, Snap Inc. has traded in a range of $24.02 to $80.93 and is now at $80.89, 237% above that low.

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. The firm has approximately 158 million daily active users. Snap generates nearly all of its revenue from advertising with 88% coming from the U.S. The firm is headquartered in Venice, California.

Snap Inc. has a potential upside of 26.3% based on a current price of $80.89 and analysts’ consensus price target of $102.18.

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