At the time of writing, Snowflake Inc [SNOW] stock is trading at $111.75, up 0.86%. 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 0.17% over the last week, with a monthly amount drifted -2.67%, and not 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
From an analyst’s perspective:
Snowflake Inc [NYSE: SNOW] stock has seen the most recent analyst activity on August 23, 2024, when HSBC Securities upgraded its rating to a Hold and also boosted its price target to $121 from $119. Previously, Wells Fargo downgraded its rating to Equal Weight on August 15, 2024, and dropped its price target to $130. On May 02, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $200 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $185 on April 11, 2024. Rosenblatt upgraded its rating to a Buy but $185 remained the price target by the analyst firm on April 05, 2024. Redburn Atlantic downgraded its rating to Sell for this stock on March 19, 2024, and downed its price target to $125. In a note dated March 18, 2024, Monness Crespi & Hardt upgraded an Neutral 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 $206.83 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $111.75 at the most recent close of the market. An investor can expect a potential return of 85.08% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
According to Snowflake Inc [NYSE:SNOW], the company’s sales were 3.21B for trailing twelve months, which represents an 28.90% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.32%, and Net Profit Margin reading is -0.32%. To continue investigating profitability, this company’s Return on Assets is posted at -0.15, Equity is -0.22 and Total Capital is -0.28. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 109.90 points at the first support level, and at 108.06 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.69, and for the 2nd resistance point, it is at 115.64.
Ratios To Look Out For
It is important to note that Snowflake Inc [NYSE:SNOW] has a current ratio of 1.55. As well, the Quick Ratio is 1.55, while the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 11.68, the price to book ratio is 9.08.
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.
