Snowflake Inc [SNOW] stock prices are up 0.11% to $112.62 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SNOW shares have gain 1.66% over the last week, with a monthly amount drifted -4.56%, 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 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.
The stock price of Snowflake Inc [SNOW] has been fluctuating between $107.13 and $237.72 over the past year. Currently, Wall Street analysts expect the stock to reach $206.46 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $112.62 at the most recent close of the market. An investor can expect a potential return of 83.32% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
The Snowflake Inc [NYSE:SNOW] reported sales of 3.21B for trailing twelve months, representing a surge of 28.90%. 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 111.25 points at the first support level, and at 109.87 for the second support level. However, for the 1st resistance point, the stock is sitting at 115.31, and for the 2nd resistance point, it is at 117.99.
Ratios To Look Out For
It’s worth pointing out that Snowflake Inc [NYSE:SNOW]’s Current Ratio is 1.55. In addition, the Quick Ratio stands at 1.55 and the Cash Ratio stands at 0.52. Considering the valuation of this stock, the price to sales ratio is 11.77, the price to book ratio is 9.15.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Sep 23 ’24 when 861.0 shares were sold. President of Products, Dageville Benoit completed a deal on Sep 23 ’24 to sell 287.0 shares. Meanwhile, Officer Kleinerman Christian bought 861.0 shares on Sep 23 ’24.
