Snowflake Inc [SNOW] stock is trading at $180.76, down -1.57%. 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 4.84% over the last week, with a monthly amount glided 46.32%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Snowflake Inc [NYSE: SNOW] stock has seen the most recent analyst activity on November 25, 2024, when Wedbush upgraded its rating to a Outperform but kept the price target unchanged to $190 for it. Previously, Monness Crespi & Hardt reaffirmed its Buy rating on November 21, 2024, and elevated its price target to $188. On November 06, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $140 on the stock. Cleveland Research downgraded its rating to a Neutral. Argus initiated its recommendation with a Hold. HSBC Securities upgraded its rating to Hold for this stock on August 23, 2024, and upped its price target to $121. In a note dated August 15, 2024, Wells Fargo downgraded an Equal Weight rating on this stock and revised its target price from $200 to $130.
Snowflake Inc [SNOW] stock has fluctuated between $107.13 and $237.72 over the past year. Currently, Wall Street analysts expect the stock to reach $165.08 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $180.76 at the most recent close of the market. An investor can expect a potential drop of -8.67% based on the average SNOW price forecast.
Analyzing the SNOW fundamentals
Snowflake Inc [NYSE:SNOW] reported sales of 3.41B for the trailing twelve months, which represents a growth of 28.32%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.89.
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 177.90 points at the first support level, and at 175.04 for the second support level. However, for the 1st resistance point, the stock is sitting at 184.51, and for the 2nd resistance point, it is at 188.26.
Ratios To Look Out For
For context, Snowflake Inc’s Current Ratio is 1.85. As well, the Quick Ratio is 1.85, while the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 17.53, the price to book ratio is 20.37.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Dec 04 ’24 when 15000.0 shares were sold. Director, Slootman Frank completed a deal on Dec 03 ’24 to sell 2218.0 shares. Meanwhile, Director Slootman Frank sold 1774.0 shares on Dec 02 ’24.
