The stock of Snowflake Inc (SNOW) has gone down by -2.99% for the week, with a -18.35% drop in the past month and a -13.72% drop in the past quarter. The volatility ratio for the week is 2.86%, and the volatility levels for the past 30 days are 3.58% for SNOW. The simple moving average for the past 20 days is -2.17% for SNOW’s stock, with a -30.90% simple moving average for the past 200 days.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
Moreover, the 36-month beta value for SNOW is 0.83. Analysts have varying opinions on the stock, with 24 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 2 as “sell.”
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The public float for SNOW is 309.25M and currently, short sellers hold a 4.07% of that float. On September 23, 2024, SNOW’s average trading volume was 6.72M shares.
SNOW) stock’s latest price update
Snowflake Inc (NYSE: SNOW)’s stock price has gone decline by -3.29 in comparison to its previous close of 114.02, however, the company has experienced a -2.99% decrease in its stock price over the last five trading days. fool.com reported 2024-09-22 that Excitement around artificial intelligence continues to fuel gains for many stocks this year. Investing in AI-focused companies can be a major long-term opportunity.
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 -9.51% 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 -53.61% of loss for the given period.
Volatility was left at 3.58%, however, over the last 30 days, the volatility rate increased by 2.86%, as shares sank -4.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -20.20% lower at present.
During the last 5 trading sessions, SNOW fell by -2.99%, which changed the moving average for the period of 200-days by -41.44% in comparison to the 20-day moving average, which settled at $112.46. In addition, Snowflake Inc saw -44.59% 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 Slootman Frank, who sale 6,251 shares at the price of $114.39 back on Sep 17 ’24. After this action, Slootman Frank now owns 208,735 shares of Snowflake Inc, valued at $715,052 using the latest closing price.
Kleinerman Christian, the EVP, Product Management of Snowflake Inc, sale 3,029 shares at $114.39 during a trade that took place back on Sep 17 ’24, which means that Kleinerman Christian is holding 753,464 shares at $346,487 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 11.23. 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 wrap up, the performance of Snowflake Inc (SNOW) has been bad in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
