Snowflake Inc [SNOW] stock prices are up 0.90% to $118.39 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 2.50% over the last week, with a monthly amount glided 3.07%, 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 October 22, 2024, when Cleveland Research downgraded its rating to a Neutral. On August 23, 2024, upgrade upgraded it’s rating to Hold and revised its price target to $121 on the stock. Wells Fargo downgraded its rating to a Equal Weight and decreased its price target to $130 on August 15, 2024. Exane BNP Paribas upgraded its rating to a Outperform but $200 remained the price target by the analyst firm on May 02, 2024. KeyBanc Capital Markets started tracking with a Overweight rating for this stock on April 11, 2024, and assigned it a price target of $185. In a note dated April 05, 2024, Rosenblatt upgraded an Buy rating on this stock but restated the target price of $185.
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 $118.39 at the most recent close of the market. An investor can expect a potential return of 74.39% 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. 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 116.76 points at the first support level, and at 115.14 for the second support level. However, for the 1st resistance point, the stock is sitting at 119.80, and for the 2nd resistance point, it is at 121.22.
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 12.38, the price to book ratio is 9.62.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Oct 10 ’24 when 30000.0 shares were sold. Officer, Kleinerman Christian completed a deal on Oct 10 ’24 to buy 30000.0 shares. Meanwhile, EVP, Product Management Kleinerman Christian sold 861.0 shares on Sep 23 ’24.
