Snowflake Inc. (NYSE:SNOW) went up by 0.25% from its latest closing price compared to the recent 1-year high of $429.00. The company’s stock price has collected 2.16% of gains in the last five trading sessions. Press Release reported 14 hours ago that Snowflake Achieves First Cloud Data Management Capabilities (CDMC) Assessment
Is It Worth Investing in Snowflake Inc. (NYSE :SNOW) Right Now?
Opinions of the stock are interesting as 13 analysts out of 29 who provided ratings for Snowflake Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 14 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $323.77, which is -$1.14 below the current price. SNOW currently public float of 285.84M and currently shorts hold a 3.82% ratio of that float. Today, the average trading volume of SNOW was 4.19M shares.
SNOW’s Market Performance
SNOW stocks went up by 2.16% for the week, with a monthly jump of 9.51% and a quarterly performance of 32.24%. The volatility ratio for the week stands at 4.12% while the volatility levels for the past 30 days are set at 4.06% for Snowflake Inc.. The simple moving average for the period of the last 20 days is 7.52% for SNOW stocks with a simple moving average of 19.55% for the last 200 days.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with Stifel repeating the rating for SNOW by listing it as a “Hold.” The predicted price for SNOW in the upcoming period, according to Stifel is $300 based on the research report published on August 26th of the current year 2021.
Rosenblatt, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $300, previously predicting the price at $295. The rating they have provided for SNOW stocks is “Buy” according to the report published on August 26th, 2021.
Piper Sandler gave a rating of “Overweight” to SNOW, setting the target price at $305 in the report published on August 26th of the current year.
SNOW Trading at 14.89% from the 50-Day Moving Average
After a stumble in the market that brought SNOW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -25.58% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 4.12%, as shares surge +13.14% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.57% upper at present.
During the last 5 trading sessions, SNOW rose by +2.16%, which changed the moving average for the period of 200-days by +5.36% in comparison to the 20-day moving average, which settled at $298.78. In addition, Snowflake Inc. saw 13.45% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at SNOW starting from Scarpelli Michael, who sale 60,000 shares at the price of $314.87 back on Sep 08. After this action, Scarpelli Michael now owns 124,895 shares of Snowflake Inc., valued at $18,892,087 using the latest closing price.
McMahon John Dennis, the Director of Snowflake Inc., sale 41,090 shares at $309.00 during a trade that took place back on Sep 07, which means that McMahon John Dennis is holding 116,052 shares at $12,696,810 based on the most recent closing price.
Stock Fundamentals for SNOW
Current profitability levels for the company are sitting at:
- -91.87 for the present operating margin
- +58.84 for the gross margin
The net margin for Snowflake Inc. stands at -91.06. The total capital return value is set at -18.94, while invested capital returns managed to touch -18.90. Equity return is now at value -15.30, with -12.90 for asset returns.
Based on Snowflake Inc. (SNOW), the company’s capital structure generated 4.14 points at debt to equity in total, while total debt to capital is 3.98. Total debt to assets is 3.45, with long-term debt to equity ratio resting at 3.75. Finally, the long-term debt to capital ratio is 3.60.
When we switch over and look at the enterprise to sales, we see a ratio of 126.21, with the company’s debt to enterprise value settled at 0.00. The receivables turnover for the company is 2.50 and the total asset turnover is 0.17. The liquidity ratio also appears to be rather interesting for investors as it stands at 5.41.