At the time of writing, Snowflake Inc [SNOW] stock is trading at $167.44, down -2.28%. 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 32.93% over the last week, with a monthly amount glided 45.70%, 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 21, 2024, when Monness Crespi & Hardt reiterated its Buy rating and also boosted its price target to $188 from $140. Previously, Monness Crespi & Hardt upgraded its rating to Buy on November 06, 2024, and kept the price target unchanged to $140. On October 22, 2024, downgrade downgraded it’s rating to Neutral. Argus started tracking the stock assigning a Hold rating. HSBC Securities upgraded its rating to a Hold and raised its price target to $121 on August 23, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on August 15, 2024, and downed its price target to $130. In a note dated May 02, 2024, Exane BNP Paribas upgraded an Outperform rating on this stock but restated the target price of $200.
For the past year, the stock price of Snowflake Inc fluctuated 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 $167.44 at the most recent close of the market. An investor can expect a potential return of 22.36% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
According to Snowflake Inc [NYSE:SNOW], the company’s sales were 3.41B for trailing twelve months, which represents an 28.32% jump. Gross Profit Margin for this corporation currently stands at 0.67% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -0.33%, and Net Profit Margin reading is -0.33%. To continue investigating profitability, this company’s Return on Assets is posted at -0.14, Equity is -0.27 and Total Capital is -0.24. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.87.
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 163.27 points at the first support level, and at 159.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 175.16, and for the 2nd resistance point, it is at 182.87.
Ratios To Look Out For
It is important to note that Snowflake Inc [NYSE:SNOW] has a current ratio of 1.85. In addition, the Quick Ratio stands at 1.55 and the Cash Ratio stands at 0.81. Considering the valuation of this stock, the price to sales ratio is 16.06, the price to book ratio is 13.61.
Transactions by insiders
Recent insider trading involved Slootman Frank, Director, that happened on Nov 22 ’24 when 45896.0 shares were purchased. Officer, Dageville Benoit completed a deal on Nov 22 ’24 to buy 68750.0 shares. Meanwhile, Officer Degnan Christopher William bought 76692.0 shares on Nov 21 ’24.
