Additionally, the 36-month beta value for SNOW is 0.93. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for SNOW is 307.94M and currently, short sellers hold a 3.12% ratio of that float. The average trading volume of SNOW on April 22, 2024 was 7.09M shares.
SNOW) stock’s latest price update
Snowflake Inc (NYSE: SNOW)’s stock price has gone rise by 0.76 in comparison to its previous close of 145.45, however, the company has experienced a -3.57% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-04-21 that Nvidia (NASDAQ: NVDA ) has been the AI stock that has stayed hot over the past year, with its latest parabolic run taking it just shy of $1,000 per share. Undoubtedly, there’s plenty to look forward to as the newest AI chips come out of the pipeline to feed unprecedented demand.
SNOW’s Market Performance
Snowflake Inc (SNOW) has seen a -3.57% fall in stock performance for the week, with a -7.47% decline in the past month and a -26.38% plunge in the past quarter. The volatility ratio for the week is 2.88%, and the volatility levels for the past 30 days are at 2.66% for SNOW. The simple moving average for the last 20 days is -5.39% for SNOW’s stock, with a simple moving average of -15.50% for the last 200 days.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with KeyBanc Capital Markets repeating the rating for SNOW by listing it as a “Overweight.” The predicted price for SNOW in the upcoming period, according to KeyBanc Capital Markets is $185 based on the research report published on April 11, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $185. The rating they have provided for SNOW stocks is “Buy” according to the report published on April 05th, 2024.
Redburn Atlantic gave a rating of “Sell” to SNOW, setting the target price at $125 in the report published on March 19th of the current year.
SNOW Trading at -18.17% 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 -38.35% of loss for the given period.
Volatility was left at 2.66%, however, over the last 30 days, the volatility rate increased by 2.88%, as shares sank -8.10% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.43% lower at present.
During the last 5 trading sessions, SNOW fell by -3.84%, which changed the moving average for the period of 200-days by -15.12% in comparison to the 20-day moving average, which settled at $154.26. In addition, Snowflake Inc saw -26.35% 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 Kleinerman Christian, who sale 1,500 shares at the price of $156.38 back on Apr 15 ’24. After this action, Kleinerman Christian now owns 774,097 shares of Snowflake Inc, valued at $234,570 using the latest closing price.
Ramaswamy Sridhar, the Chief Executive Officer of Snowflake Inc, purchase 31,542 shares at $158.52 during a trade that took place back on Mar 25 ’24, which means that Ramaswamy Sridhar is holding 31,542 shares at $5,000,038 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 17.0. 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 seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
