$SNAP penny stock or deep value?

Here are some interesting facts to begin with: \- For all of 2018-2026 the stock price would have a strong support level at $7. Two weeks ago that changed and now the stock trades for $4.73 \- Prior to reporting earnings on February 4 the stock had already fallen 30 % year to date. The initial price reaction to earnings was a small recovery up 7 % in extended hours but when the market opened the next day it ended the day down 13 %. Year to date it is currently down 42 %. \- Most analysts downgraded their price targets following earnings while a few of them upgraded it. This is reflects the mixed nature of earnings that. \- Positives: Beat on both revenue and eps. Snapchat+ subscriptions up 72 %. 40% of new code at Snap is now AI-generated. Monthly active users reached 946 million, putting Snap within striking distance of the 1 billion user milestone. Positive net income of $45 million, a massive jump from the $9 million reported in the same quarter last year. \- Negatives: Daily active users in their most profitable region, North America, was down 5 %. Regulations and potential bans of users aged 13-25 remain a concern. Forecast for Q1 fell slightly short of expectations. Perplexity deal delayed. Interestingly, a few days after reporting earnings Perplexity rollout began. Additionally, yesterday they launched creator subscriptions in push to further diversify revenue. What do you think? Will it be pinned below $5 until next earnings in late April or will it recover to $6-7 range?