Snowflake Inc [SNOW] stock prices are down -0.26% to $113.52 at the moment. 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 2.98% over the last week, with a monthly amount glided 3.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, HSBC Securities upgraded its rating to Hold on August 23, 2024, and elevated its price target to $121. On August 15, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $130 on the stock. Exane BNP Paribas upgraded its rating to a Outperform but stick to its price target of $200 on May 02, 2024. KeyBanc Capital Markets initiated its recommendation with a Overweight and recommended $185 as its price target on April 11, 2024. Rosenblatt upgraded its rating to Buy for this stock on April 05, 2024, but kept the price target unchanged to $185. In a note dated March 19, 2024, Redburn Atlantic downgraded an Sell rating on this stock and revised its target price from $180 to $125.
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 $113.52 at the most recent close of the market. An investor can expect a potential return of 81.87% 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 112.76 points at the first support level, and at 112.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 114.65, and for the 2nd resistance point, it is at 115.78.
Ratios To Look Out For
It’s worth pointing out that Snowflake Inc [NYSE:SNOW]’s Current Ratio is 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 11.87, the price to book ratio is 9.23.
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.
