At the time of writing, Snowflake Inc [SNOW] stock is trading at $158.13, up 3.69%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SNOW shares have gain 8.72% over the last week, with a monthly amount drifted -1.19%, 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.
For the past year, the stock price of Snowflake Inc fluctuated between $138.40 and $237.72. Currently, Wall Street analysts expect the stock to reach $221.94 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $158.13 at the most recent close of the market. An investor can expect a potential return of 40.35% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
According to Snowflake Inc [NYSE:SNOW], the company’s sales were 2.81B for trailing twelve months, which represents an 31.53% jump. 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 155.86 points at the first support level, and at 153.58 for the second support level. However, for the 1st resistance point, the stock is sitting at 160.35, and for the 2nd resistance point, it is at 162.56.
Snowflake Inc [SNOW] reported earnings per share of $0.35 for its fiscal quarter that ended on 1/31/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.18/share, meaning a difference of $0.17 and a surprise factor of 94.40%. By comparison, the stated earnings for the previous quarter ended on 10/31/2023 were $0.25 per share as compared to estimates of $0.16 per share, a difference of $0.09 representing a surprise of 56.20%.
Ratios To Look Out For
It is important to note that Snowflake Inc [NYSE:SNOW] has a current ratio of 1.81. Also, the Quick Ratio is 1.81, while the Cash Ratio stands at 0.65. Considering the valuation of this stock, the price to sales ratio is 18.83, the price to book ratio is 10.21.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Apr 15 ’24 when 1500.0 shares were sold. Chief Executive Officer, Ramaswamy Sridhar completed a deal on Mar 25 ’24 to buy 31542.0 shares. Meanwhile, Chief Accounting Officer Ho Emily sold 1968.0 shares on Mar 19 ’24.
