Snowflake Inc [SNOW] stock is trading at $131.92, up 0.38%. 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 3.82% over the last week, with a monthly amount glided 0.59%, and 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 August 15, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $130 from $200. Previously, Exane BNP Paribas upgraded its rating to Outperform on May 02, 2024, and kept the price target unchanged to $200. On April 11, 2024, KeyBanc Capital Markets initiated with a Overweight rating and assigned a price target of $185 on the stock. Rosenblatt upgraded its rating to a Buy but stick to its price target of $185 on April 05, 2024. Redburn Atlantic downgraded its rating to a Sell and reduced its price target to $125 on March 19, 2024. Monness Crespi & Hardt upgraded its rating to Neutral for this stock on March 18, 2024. In a note dated March 15, 2024, Guggenheim upgraded an Neutral rating on this stock.
Snowflake Inc [SNOW] stock has fluctuated between $107.93 and $237.72 over the past year. Currently, Wall Street analysts expect the stock to reach $212.48 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $131.92 at the most recent close of the market. An investor can expect a potential return of 61.07% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
Snowflake Inc [NYSE:SNOW] reported sales of 3.01B for the trailing twelve months, which represents a growth of 32.89%. 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 130.56 points at the first support level, and at 129.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 133.47, and for the 2nd resistance point, it is at 135.03.
Ratios To Look Out For
For context, Snowflake Inc’s Current Ratio is 1.67. As well, the Quick Ratio is 1.67, while the Cash Ratio is 0.55. Considering the valuation of this stock, the price to sales ratio is 14.67, the price to book ratio is 9.70.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Aug 07 ’24 when 15000.0 shares were sold. Officer, Kleinerman Christian completed a deal on Aug 07 ’24 to buy 15000.0 shares. Meanwhile, Director Briggs Teresa sold 848.0 shares on Jul 05 ’24.
