Snap continues losses for seven straight sessions

Snap (NYSE:SNAP) continued losses for a seventh straight session as the stock closed 0.52% lower, at $10.55 on Monday.

The California-based social media company lost more than 11% in the last six trading days. The stock has lost more than 37% so far this year, underperforming the broader S&P 500 Index, which has gained more than 23%.

SNAP is down 13% over the past twelve months. The stock closed 1.49% lower, at $10.60 on Friday.

Snap (SNAP) seems to be walking back from its gains last month after the parent owner of Snapchat exceeded analyst expectations for revenue and profit in its third quarter earnings report.

SA Analyst, The Techie, pointed to Snap’s trend of jumping and crashing on quarterly results and said the company’s investments in AI and the recent partnership with Google’s Gemini might show up in the long term, but there is limited upside in the near-term.

Seeking Alpha’s Quant rating has rated the stock a HOLD, with a score of 3.28 out of 5, with an A+ on growth, and a D on valuation. SA authors and the sell side analysts echo the view, rating the stock a HOLD.

SA Analyst, The Asian Investor, believes Snap (SNAP)’s risk profile is skewed to the upside, and remains an attractive social media company for high-risk investors that is seeing solid momentum in its daily active user count as well as in its paid subscription service offer.