At the time of writing, Snowflake Inc [SNOW] stock is trading at $161.03, up 1.38%. An important factor to consider is whether the stock is rising or falling in short-term value. The SNOW shares have gain 4.29% over the last week, with a monthly amount drifted -12.31%, and not 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 January 07, 2025, when Wells Fargo upgraded its rating to a Overweight and also boosted its price target to $200 from $150. Previously, Wedbush upgraded its rating to Outperform on November 25, 2024, and kept the price target unchanged to $190. On November 21, 2024, Monness Crespi & Hardt reiterated its Buy rating and revised its price target to $188 on the stock. Monness Crespi & Hardt upgraded its rating to a Buy but stick to its price target of $140 on November 06, 2024. Cleveland Research downgraded its rating to a Neutral. In a note dated August 23, 2024, HSBC Securities upgraded an Hold rating on this stock and boosted its target price from $119 to $121.
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 $164.58 within the next 12 months. Snowflake Inc [NYSE: SNOW] shares were valued at $161.03 at the most recent close of the market. An investor can expect a potential return of 2.2% 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. 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 157.63 points at the first support level, and at 154.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 163.51, and for the 2nd resistance point, it is at 165.98.
Ratios To Look Out For
It is important to note that Snowflake Inc [NYSE:SNOW] has a current ratio of 1.85. On the other hand, the Quick Ratio is 1.85, and the Cash Ratio is 0.81. Considering the valuation of this stock, the price to sales ratio is 15.57, the price to book ratio is 18.14.
Transactions by insiders
Recent insider trading involved Kleinerman Christian, EVP, Product Management, that happened on Jan 06 ’25 when 15000.0 shares were sold. Officer, Kleinerman Christian completed a deal on Jan 06 ’25 to buy 15000.0 shares. Meanwhile, Chief Revenue Officer Degnan Christopher William sold 12782.0 shares on Jan 02 ’25.
