In the past week, SNOW stock has gone down by -4.50%, with a monthly decline of -5.91% and a quarterly plunge of -17.70%. The volatility ratio for the week is 3.95%, and the volatility levels for the last 30 days are 4.06% for Snowflake Inc The simple moving average for the past 20 days is -7.02% for SNOW’s stock, with a -31.04% simple moving average for the past 200 days.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
SNOW has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 24 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 2 as “sell.”
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The public float for SNOW is 309.21M, and currently, short sellers hold a 3.62% ratio of that float. The average trading volume of SNOW on September 03, 2024 was 7.54M shares.
SNOW) stock’s latest price update
The stock of Snowflake Inc (NYSE: SNOW) has decreased by -1.35 when compared to last closing price of 114.23.Despite this, the company has seen a loss of -4.50% in its stock price over the last five trading days. fool.com reported 2024-09-03 that The ability for artificial intelligence (AI)-driven software and systems to learn without human intervention gives this technology a seemingly limitless ceiling. Very clear headwinds are beginning to mount for Wall Street’s AI darling, Nvidia.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with HSBC Securities repeating the rating for SNOW by listing it as a “Hold.” The predicted price for SNOW in the upcoming period, according to HSBC Securities is $121 based on the research report published on August 23, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $130, previously predicting the price at $200. The rating they have provided for SNOW stocks is “Equal Weight” according to the report published on August 15th, 2024.
Exane BNP Paribas gave a rating of “Outperform” to SNOW, setting the target price at $200 in the report published on May 02nd of the current year.
SNOW Trading at -12.04% 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 -52.60% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 3.95%, as shares surge +1.01% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.98% lower at present.
During the last 5 trading sessions, SNOW fell by -3.58%, which changed the moving average for the period of 200-days by -31.41% in comparison to the 20-day moving average, which settled at $121.26. In addition, Snowflake Inc saw -43.37% 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 15,000 shares at the price of $120.00 back on Aug 07 ’24. After this action, Kleinerman Christian now owns 718,773 shares of Snowflake Inc, valued at $1,800,000 using the latest closing price.
Kleinerman Christian, the Officer of Snowflake Inc, proposed sale 15,000 shares at $120.00 during a trade that took place back on Aug 07 ’24, which means that Kleinerman Christian is holding shares at $1,800,000 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
- 0.67 for the gross margin
The net margin for Snowflake Inc stands at -0.32. The total capital return value is set at -0.28. Equity return is now at value -21.61, with -14.08 for asset returns.
Based on Snowflake Inc (SNOW), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.98.
Currently, EBITDA for the company is -974.87 million with net debt to EBITDA at 0.86. When we switch over and look at the enterprise to sales, we see a ratio of 11.44. The receivables turnover for the company is 7.08for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
To put it simply, Snowflake Inc (SNOW) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others 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.
