At the time of writing, Snowflake Inc [SNOW] stock is trading at $234.03, up 1.34%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SNOW shares have gain 6.34% over the last week, with a monthly amount glided 15.56%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 29, January 2024, Snowflake to Present at Upcoming Investor Conferences. In a post published today on Yahoo Finance, Snowflake (NYSE: SNOW), the Data Cloud company, will present at two upcoming investor conferences.
From an analyst’s perspective:
Snowflake Inc [NYSE: SNOW] stock has seen the most recent analyst activity on February 23, 2024, when Cleveland Research upgraded its rating to a Buy. Previously, HSBC Securities downgraded its rating to Hold on February 15, 2024, and elevated its price target to $214. On January 12, 2024, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $198 on the stock. RBC Capital Mkts started tracking the stock assigning a Outperform rating and suggested a price target of $230 on January 05, 2024. Monness Crespi & Hardt downgraded its rating to a Sell but $160 remained the price target by the analyst firm on January 04, 2024. Oppenheimer reiterated a Outperform rating for this stock on November 30, 2023, and upped its price target to $240. In a note dated November 30, 2023, Needham reiterated an Buy rating on this stock and boosted its target price from $216 to $225.
For the past year, the stock price of Snowflake Inc fluctuated between $128.56 and $237.72. Currently, Wall Street analysts expect the stock to reach $215 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $234.03 at the most recent close of the market. An investor can expect a potential drop of -8.13% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
According to Snowflake Inc [NYSE:SNOW], the company’s sales were 2.62B for trailing twelve months, which represents an 31.80% jump. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 231.53 points at the first support level, and at 229.02 for the second support level. However, for the 1st resistance point, the stock is sitting at 236.10, and for the 2nd resistance point, it is at 238.16.
Snowflake Inc [SNOW] reported earnings per share of $0.25 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.16/share, meaning a difference of $0.09 and a surprise factor of 56.20%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.22 per share as compared to estimates of $0.1 per share, a difference of $0.12 representing a surprise of 120.00%.
Ratios To Look Out For
It is important to note that Snowflake Inc [NYSE:SNOW] has a current ratio of 2.08. In addition, the Quick Ratio stands at 2.08 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 29.41, the price to book ratio is 15.63.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, SVP, Product Management, that happened on Feb 14 when 1500.0 shares were sold. CEO and Chairman, Slootman Frank completed a deal on Feb 09 to sell 0.21 million shares. Meanwhile, SVP, Product Management Kleinerman Christian sold 10000.0 shares on Feb 09.
