Snowflake Inc. (NYSE:SNOW) went up by 4.76% from its latest closing price compared to the recent 1-year high of $429.00. The company’s stock price has collected 5.89% of gains in the last five trading sessions. Press Release reported on 10/05/21 that Snowflake Announces Third Annual Data Drivers Award Winners, Honoring the Leaders Transforming Their Industries with the Data Cloud
Is It Worth Investing in Snowflake Inc. (NYSE :SNOW) Right Now?
Opinions of the stock are interesting as 15 analysts out of 29 who provided ratings for Snowflake Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 13 rated it as “hold,” and 0 as “sell.”
The average price from analysts is $331.83, which is -$9.74 below the current price. SNOW currently public float of 285.83M and currently shorts hold a 4.56% ratio of that float. Today, the average trading volume of SNOW was 3.91M shares.
SNOW’s Market Performance
SNOW stocks went up by 5.89% for the week, with a monthly jump of 2.69% and a quarterly performance of 30.62%, while its annual performance rate touched 31.34%. The volatility ratio for the week stands at 3.58% while the volatility levels for the past 30 days are set at 3.21% for Snowflake Inc.. The simple moving average for the period of the last 20 days is 5.45% for SNOW stocks with a simple moving average of 24.20% for the last 200 days.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with BTIG Research repeating the rating for SNOW by listing it as a “Buy.” The predicted price for SNOW in the upcoming period, according to BTIG Research is $53 based on the research report published on September 30th of the current year 2021.
BTIG Research, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $353. The rating they have provided for SNOW stocks is “Buy” according to the report published on September 30th, 2021.
Stifel gave a rating of “Hold” to SNOW, setting the target price at $300 in the report published on August 26th of the current year.
SNOW Trading at 9.31% 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 -23.58% of loss for the given period.
Volatility was left at 3.21%, however, over the last 30 days, the volatility rate increased by 3.58%, as shares surge +1.16% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.20% upper at present.
During the last 5 trading sessions, SNOW rose by +5.89%, which changed the moving average for the period of 200-days by +8.27% in comparison to the 20-day moving average, which settled at $311.08. In addition, Snowflake Inc. saw 16.51% 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 McMahon John Dennis, who sale 41,090 shares at the price of $291.44 back on Oct 05. After this action, McMahon John Dennis now owns 116,052 shares of Snowflake Inc., valued at $11,975,272 using the latest closing price.
Degnan Christopher William, the Chief Revenue Officer of Snowflake Inc., sale 38,344 shares at $302.50 during a trade that took place back on Oct 01, which means that Degnan Christopher William is holding 74,072 shares at $11,599,124 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.