A share price of Snowflake Inc [SNOW] is currently trading at $112.00, up 1.57%. 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 1.08% over the last week, with a monthly amount drifted -8.97%, 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 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.
Snowflake Inc experienced fluctuations in its stock price throughout the past year between $107.13 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 $112.00 at the most recent close of the market. An investor can expect a potential return of 84.67% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
Trailing Twelve Months sales for Snowflake Inc [NYSE:SNOW] were 3.21B which represents 28.90% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 109.80 points at the first support level, and at 107.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 113.25, and for the 2nd resistance point, it is at 114.51.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Snowflake Inc [NYSE:SNOW] is 1.55. Also, the Quick Ratio is 1.55, while the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 11.71, the price to book ratio is 9.10.
Transactions by insiders
Recent insider trading involved Slootman Frank, Director, that happened on Sep 10 ’24 when 1606.0 shares were sold. EVP, Product Management, Kleinerman Christian completed a deal on Sep 10 ’24 to sell 558.0 shares. Meanwhile, President of Products Dageville Benoit sold 558.0 shares on Sep 10 ’24.
