A share price of Snowflake Inc [SNOW] is currently trading at $125.46, up 1.59%. 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 7.69% over the last week, with a monthly amount glided 1.87%, 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 November 06, 2024, when Monness Crespi & Hardt upgraded its rating to a Buy but kept the price target unchanged to $140 for it. Previously, Cleveland Research downgraded its rating to Neutral on October 22, 2024. On October 01, 2024, Argus initiated with a Hold rating. HSBC Securities upgraded its rating to a Hold and increased its price target to $121 on August 23, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $130 on August 15, 2024. Exane BNP Paribas upgraded its rating to Outperform for this stock on May 02, 2024, but kept the price target unchanged to $200. In a note dated April 11, 2024, KeyBanc Capital Markets initiated an Overweight rating and provided a target price of $185 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 $204.88 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $125.46 at the most recent close of the market. An investor can expect a potential return of 63.3% 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 123.29 points at the first support level, and at 121.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 127.34, and for the 2nd resistance point, it is at 129.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Snowflake Inc [NYSE:SNOW] 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 13.12, the price to book ratio is 10.20.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Nov 06 ’24 when 15000.0 shares were sold. Officer, Kleinerman Christian completed a deal on Nov 06 ’24 to buy 15000.0 shares. Meanwhile, EVP, Product Management Kleinerman Christian sold 30000.0 shares on Oct 10 ’24.
