At the time of writing, Snowflake Inc [SNOW] stock is trading at $121.60, up 5.65%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNOW shares have lost -2.09% over the last week, with a monthly amount drifted -11.56%, 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 May 02, 2024, when Exane BNP Paribas upgraded its rating to a Outperform but kept the price target unchanged to $200 for it. Previously, KeyBanc Capital Markets started tracking the stock with Overweight rating on April 11, 2024, and set its price target to $185. On April 05, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $185 on the stock. Redburn Atlantic downgraded its rating to a Sell and decreased its price target to $125 on March 19, 2024. Monness Crespi & Hardt upgraded its rating to a Neutral. Guggenheim upgraded its rating to Neutral for this stock on March 15, 2024. In a note dated February 29, 2024, Macquarie upgraded an Outperform rating on this stock.
For the past year, the stock price of Snowflake Inc fluctuated between $107.93 and $237.72. Currently, Wall Street analysts expect the stock to reach $219.51 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $121.60 at the most recent close of the market. An investor can expect a potential return of 80.52% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
According to Snowflake Inc [NYSE:SNOW], the company’s sales were 3.01B for trailing twelve months, which represents an 32.89% 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 -0.31%, and Net Profit Margin reading is -0.31%. To continue investigating profitability, this company’s Return on Assets is posted at -0.13, Equity is -0.19 and Total Capital is -0.24. 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 118.57 points at the first support level, and at 115.53 for the second support level. However, for the 1st resistance point, the stock is sitting at 123.35, and for the 2nd resistance point, it is at 125.09.
Ratios To Look Out For
It is important to note that Snowflake Inc [NYSE:SNOW] has a current ratio of 1.67. On the other hand, the Quick Ratio is 1.67, and the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 13.52, the price to book ratio is 8.94.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, Officer, that happened on Aug 07 ’24 when 15000.0 shares were purchased. EVP, Product Management, Kleinerman Christian completed a deal on Aug 07 ’24 to sell 15000.0 shares. Meanwhile, EVP, Product Management Kleinerman Christian sold 15000.0 shares on Jul 05 ’24.
