The stock price of Snowflake Inc (NYSE: SNOW) has surged by 1.67 when compared to previous closing price of 151.34, but the company has seen a -4.79% decline in its stock price over the last five trading sessions. The Motley Fool reported 2024-04-07 that Adobe faces difficult competitive and regulatory challenges ahead. Snowflake’s sales growth is cooling off at an alarming rate.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
The 36-month beta value for SNOW is at 0.92. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SNOW is 307.55M, and currently, shorts hold a 2.83% of that float. The average trading volume for SNOW on April 08, 2024 was 7.16M shares.
SNOW’s Market Performance
SNOW’s stock has seen a -4.79% decrease for the week, with a -7.87% drop in the past month and a -16.25% fall in the past quarter. The volatility ratio for the week is 2.37%, and the volatility levels for the past 30 days are at 2.91% for Snowflake Inc The simple moving average for the past 20 days is -3.43% for SNOW’s stock, with a -11.96% simple moving average for the past 200 days.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with Rosenblatt repeating the rating for SNOW by listing it as a “Buy.” The predicted price for SNOW in the upcoming period, according to Rosenblatt is $185 based on the research report published on April 05, 2024 of the current year 2024.
Redburn Atlantic, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $125, previously predicting the price at $180. The rating they have provided for SNOW stocks is “Sell” according to the report published on March 19th, 2024.
SNOW Trading at -19.57% 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 -35.28% of loss for the given period.
Volatility was left at 2.91%, however, over the last 30 days, the volatility rate increased by 2.37%, as shares sank -8.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -24.51% lower at present.
During the last 5 trading sessions, SNOW fell by -4.79%, which changed the moving average for the period of 200-days by -14.08% in comparison to the 20-day moving average, which settled at $158.60. In addition, Snowflake Inc saw -22.68% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SNOW starting from Ramaswamy Sridhar, who purchase 31,542 shares at the price of $158.52 back on Mar 25 ’24. After this action, Ramaswamy Sridhar now owns 31,542 shares of Snowflake Inc, valued at $5,000,038 using the latest closing price.
Ho Emily, the Chief Accounting Officer of Snowflake Inc, sale 1,968 shares at $157.41 during a trade that took place back on Mar 19 ’24, which means that Ho Emily is holding 30,425 shares at $309,793 based on the most recent closing price.
Stock Fundamentals for SNOW
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.68 for the gross margin
The net margin for Snowflake Inc stands at -0.3. The total capital return value is set at -0.2. Equity return is now at value -15.72, with -10.49 for asset returns.
Based on Snowflake Inc (SNOW), the company’s capital structure generated 0.05 points at debt to capital in total, while cash flow to debt ratio is standing at 3.09. The debt to equity ratio resting at 0.06. The interest coverage ratio of the stock is 26.63.
Currently, EBITDA for the company is -974.87 million with net debt to EBITDA at 1.52. When we switch over and look at the enterprise to sales, we see a ratio of 17.8. The receivables turnover for the company is 2.95for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.81.
Conclusion
In conclusion, Snowflake Inc (SNOW) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
