The stock of Snowflake Inc (SNOW) has gone up by 0.70% for the week, with a 2.66% rise in the past month and a -18.97% drop in the past quarter. The volatility ratio for the week is 3.08%, and the volatility levels for the past 30 days are 3.09% for SNOW. The simple moving average for the past 20 days is 2.57% for SNOW’s stock, with a -26.26% simple moving average for the past 200 days.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
The stock has a 36-month beta value of 0.84. Opinions on the stock are mixed, with 23 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 309.26M, and at present, short sellers hold a 3.72% of that float. On October 07, 2024, the average trading volume of SNOW was 6.93M shares.
SNOW) stock’s latest price update
The stock price of Snowflake Inc (NYSE: SNOW) has jumped by 3.85 compared to previous close of 110.47. Despite this, the company has seen a gain of 0.70% in its stock price over the last five trading days. fool.com reported 2024-10-04 that A hot jobs report combined with still-dovish Fedspeak lifted the rate-sensitive software sector.
Analysts’ Opinion of SNOW
HSBC Securities, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $121, previously predicting the price at $119. The rating they have provided for SNOW stocks is “Hold” according to the report published on August 23rd, 2024.
Wells Fargo gave a rating of “Equal Weight” to SNOW, setting the target price at $130 in the report published on August 15th of the current year.
SNOW Trading at -2.54% 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 -51.74% of loss for the given period.
Volatility was left at 3.09%, however, over the last 30 days, the volatility rate increased by 3.08%, as shares surge +5.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.47% lower at present.
During the last 5 trading sessions, SNOW rose by +0.70%, which changed the moving average for the period of 200-days by -42.34% in comparison to the 20-day moving average, which settled at $112.16. In addition, Snowflake Inc saw -42.35% 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 861 shares at the price of $111.41 back on Sep 23 ’24. After this action, Kleinerman Christian now owns 751,755 shares of Snowflake Inc, valued at $95,924 using the latest closing price.
Dageville Benoit, the President of Products of Snowflake Inc, sale 287 shares at $111.41 during a trade that took place back on Sep 23 ’24, which means that Dageville Benoit is holding 53,250 shares at $31,975 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 11.69. 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 sum up, Snowflake Inc (SNOW) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing 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.
