Digging For Gems In The Shakeout: Snap Inc. (SNAP), New York Community Bancorp, Inc. (NYCB)

The last few days have been rough for Snap Inc. (NYSE:SNAP), as its price has decreased by -8.29% during the week. It has also performed poorly over the past three months, as it lost around -39.08% while it has so far retreated around -60.04% during the course of a year. The price of the stock went down by -$0.24 now trading at $5.97. Their shares witnessed a 3.47% increase from the 52-week low price of $5.77 they recorded on 2018-10-26. Even though it is still -255.44% behind the $21.22 high touched on 2018-02-07. The stock of SNAP recorded -59.14% downtrend from the beginning of this year till date. The 12-month potential price target for Snap Inc. is set at $8.12. This target means that the stock has an upside potential to increase by 36.01% from the current trading price.

When giving their opinion, around 16.67% of Wall Street analysts, which represents 6 out of 36 rated the stock as a Buy. 17 brokerage firms of the remaining 47.22% rated the stock as a Hold with 13 analyst rating it as a sell. Overall, the number of aggregate SNAP shares held by institutional investors represents 38.6% of total shares. 51 institutions entered new Snap Inc. (NYSE:SNAP) positions, 157 added to their existing positions in these shares, 136 lowered their positions, and 70 exited their positions entirely.

Snap Inc. (SNAP) trade volume has decreased by -25.7% as around 16,893,815 shares were sold when compared with its 50-day average volume of traded shares which is 22,737,508. At the moment, SNAP is witnessing a downtrend, as it is trading -8.74% below its 20-day SMA, -14.8% below its 50-day SMA, and -48.87% below its 200-day SMA. The company runs an ROE of roughly -52.6%, with financial analysts predicting that their earnings per share growth will be around 41.8% per annum for the next five year. This will be compared to the 0% decrease witnessed over the past five years.

The first technical resistance point for Snap Inc. (NYSE:SNAP) will likely come at $6.15, marking a 2.93% premium to the current level. The second resistance point is at $6.33, about 5.69% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $5.62, the lower end of the range. SNAP’s 14-day MACD is -0.17 and this negative figure indicates a downward trading trend. The company’s 14-day RSI (relative strength index) score is 37.79, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 50.77 percent, which is low when compared to that of the 50-day’s 61.88 percent.

The shares of New York Community Bancorp, Inc. (NYSE:NYCB) has increased by 0.59%, and now trading at $10.29 on the Wall Street in the intra-day deal, with their shares traded now around 9,770,599. This is a rise of 2,217,181 shares over the average 7,553,418 shares that were traded daily over the last three months. The stock that is trading at $10.29 went higher by 15.88% from its 52-week low of $8.88 that it attained back on 2018-10-24. The stock recorded a 52-week high of $14.53 nearly 270 days ago on 2018-03-12.

NYCB stock has performed well over the past 30 days, as it added 6.19% while its price plunged by -20.97% year-to-date (YTD). Looking at the last few days, it has been good for the stock, as it rose 0.68% over the last week. The stock’s 12-month potential target price is now at $10.5. This means that the stock price might likely increase by 2.04% from its current trading price.3 out of 16 Wall Street analysts which represents 18.75% rated the stock as a buy while the remaining 68.75 rated it as a hold, with 12.5 of analysts rating it as a sell.

New York Community Bancorp, Inc. (NYSE:NYCB) has been utilizing an ROE that is roughly 6.2%, with stock analysts predicting that the company’s EPS for the next five years will go down by 0% per year, following the -6.4% drop that was witnessed during the past five years. The stock at the moment is on a uptrend, trading 4.71% above its 20-day SMA, 3.86% above its 50-day SMA, and -9.92% below its 200-day SMA. In percentage terms, the aggregate New York Community Bancorp, Inc. shares held by institutional investors is 69.1%. 49 institutions jumped in to acquire New York Community Bancorp, Inc. (NYCB) fresh stake, 180 added to their current holdings in these shares, 204 lowered their positions, and 55 left no stake in the company.

The stock’s 9-day MACD is 0.13 and this positive figure indicates an upward trading trend. The company’s 9-day RSI score is 60.61, which shows that its stock has been neutral. The 20-day historical volatility for the shares stand at 26.9 percent, which is less when compared to that of the 50-day’s 27.41 percent. On the daily chart, we see that the stock could reach the first level of resistance at $10.43, sporting a 1.34% premium to the current level. The next resistance point is at $10.57, representing nearly 2.65% premium to the current market price of New York Community Bancorp, Inc. (NYCB). On the other hand, failure to breach the immediate hurdles can drag it down to $9.81, the lower end of the range.