How to buy Snapchat shares

Snap Inc is an internet content & information business with stocks listed in the US. Snapchat shares (SNAP) are listed on the NYSE and all prices are listed in US Dollars. Here's how to invest if you're based in Australia.

How to buy shares in Snapchat

1. Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
3. Search for Snapchat. Find the share by name or ticker symbol: SNAP. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Snapchat reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. Weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of Snapchat, depending on your broker.
6. Check in on your investment. Congratulations, you own a part of Snapchat. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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Is it a good time to buy Snapchat stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Shorting Snapchat shares

There are currently 57.9 million Snapchat shares held short by investors – that's known as Snapchat's "short interest". This figure is 11.4% down from 65.4 million last month.

There are a few different ways that this level of interest in shorting Snapchat shares can be evaluated.

Snapchat's "short interest ratio" (SIR)

Snapchat's "short interest ratio" (SIR) is the quantity of Snapchat shares currently shorted divided by the average quantity of Snapchat shares traded daily (recently around 22.5 million). Snapchat's SIR currently stands at 2.57. In other words for every 100,000 Snapchat shares traded daily on the market, roughly 2570 shares are currently held short.

However Snapchat's short interest can also be evaluated against the total number of Snapchat shares, or, against the total number of tradable Snapchat shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Snapchat's short interest could be expressed as 0.04% of the outstanding shares (for every 100,000 Snapchat shares in existence, roughly 40 shares are currently held short) or 0.0525% of the tradable shares (for every 100,000 tradable Snapchat shares, roughly 53 shares are currently held short).

Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Snapchat.

Find out more about how you can short Snapchat stock.

Snapchat share dividends

We're not expecting Snapchat to pay a dividend over the next 12 months.

Snapchat share price volatility

Over the last 12 months, Snapchat's shares have ranged in value from as little as US$7.89 up to US$73.59. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Snapchat's is 1.2814. This would suggest that Snapchat's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).

Snapchat overview

Snap Inc. operates as a camera company in the United States and internationally. The company offers Snapchat, a camera application with functionalities, such as Camera, Communication, Snap Map, Stories, and Spotlight that enable people to communicate through short videos and images. It also provides Spectacles, an eyewear product that connects with Snapchat and captures video from a human perspective; and advertising products, including AR and Snap ads. 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.

Frequently asked questions

• What percentage of Snapchat is owned by insiders or institutions?

  Currently 24.168% of Snapchat shares are held by insiders and 61.619% by institutions.

• When does the fiscal year end for Snapchat?

  Snapchat's fiscal year ends in December.

• Where is Snapchat based?

  Snapchat's address is: 2772 Donald Douglas Loop North, Santa Monica, CA, United States, 90405

• What is Snapchat's ISIN number?

  Snapchat's international securities identification number is: US83304A1060

• What is Snapchat's CUSIP number?

  Snapchat's Committee on Uniform Securities Identification Procedures number is: 83304A106