Snowflake Inc [SNOW] stock prices are down -0.50% to $158.56 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The SNOW shares have gain 3.05% over the last week, with a monthly amount drifted -2.31%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Snowflake Inc [NYSE: SNOW] stock has seen the most recent analyst activity on April 11, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $185. Previously, Rosenblatt upgraded its rating to Buy on April 05, 2024, and kept the price target unchanged to $185. On March 19, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $125 on the stock. Monness Crespi & Hardt upgraded its rating to a Neutral. Guggenheim upgraded its rating to a Neutral. Macquarie upgraded its rating to Outperform for this stock on February 29, 2024. In a note dated February 29, 2024, Morgan Stanley downgraded an Equal-Weight rating on this stock and revised its target price from $230 to $175.
The stock price of Snowflake Inc [SNOW] has been fluctuating between $135.26 and $237.72 over the past year. Currently, Wall Street analysts expect the stock to reach $221.94 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $158.56 at the most recent close of the market. An investor can expect a potential return of 39.97% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
The Snowflake Inc [NYSE:SNOW] reported sales of 2.81B for trailing twelve months, representing a surge of 31.53%. Gross Profit Margin for this corporation currently stands at 0.68% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.3%, and Net Profit Margin reading is -0.3%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.16 and Total Capital is -0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.06.
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 156.72 points at the first support level, and at 154.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.46, and for the 2nd resistance point, it is at 162.36.
Ratios To Look Out For
It’s worth pointing out that Snowflake Inc [NYSE:SNOW]’s Current Ratio is 1.81. As well, the Quick Ratio is 1.81, while the Cash Ratio is 0.65. Considering the valuation of this stock, the price to sales ratio is 18.88, the price to book ratio is 10.24.
Transactions by insiders
Recent insider trading involved Ramaswamy Sridhar, Chief Executive Officer, that happened on Mar 25 ’24 when 31542.0 shares were purchased. Chief Accounting Officer, Ho Emily completed a deal on Mar 19 ’24 to sell 1968.0 shares. Meanwhile, CEO and Chairman Slootman Frank sold 19764.0 shares on Mar 18 ’24.
