Snap Stock Has a Lot to Prove on Thursday

If Snap, Inc. (NYSE: SNAP) wants to win back the brief success it had on Wall Street, it's going to have the perfect chance to do so when it reports fresh financials this week. Snapchat's parent company reports second-quarter results on Thursday, and it's gotten itself into a pretty big hole.

Snap stock initially soared after going public at $17 in early March, only to peak on its second day of trading. It's a busted IPO these days. Analysts and investors alike have bailed on the short-lived market darling, and that even includes its largest lead underwriter. The stock has moved higher in just one of the past 10 weeks. Its best shot to turn that negative sentiment around will come in the form of a blowout quarter, and that brings us to Snap's earnings announcement, which is due shortly after Thursday's market close.

Image source: Snap, Inc.

Source: Fool.com