The stock price of Snowflake Inc (NYSE: SNOW) has surged by 2.23 when compared to previous closing price of 123.79, but the company has seen a 10.31% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-11 that Snowflake (SNOW) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
The stock has a 36-month beta value of 0.83. Opinions on the stock are mixed, with 23 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 2 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for SNOW is 309.09M, and at present, short sellers hold a 4.26% of that float. On October 11, 2024, the average trading volume of SNOW was 6.95M shares.
SNOW’s Market Performance
SNOW stock saw an increase of 10.31% in the past week, with a monthly gain of 12.00% and a quarterly increase of -5.36%. The volatility ratio for the week is 3.38%, and the volatility levels for the last 30 days are 3.06% for Snowflake Inc (SNOW). The simple moving average for the last 20 days is 10.93% for SNOW stock, with a simple moving average of -17.41% for the last 200 days.
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 8.61% 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 -46.77% of loss for the given period.
Volatility was left at 3.06%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares surge +11.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.63% upper at present.
During the last 5 trading sessions, SNOW rose by +10.02%, which changed the moving average for the period of 200-days by -36.43% in comparison to the 20-day moving average, which settled at $114.06. In addition, Snowflake Inc saw -36.41% 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 proposed sale 30,000 shares at the price of $120.00 back on Oct 10 ’24. After this action, Kleinerman Christian now owns shares of Snowflake Inc, valued at $3,600,000 using the latest closing price.
Kleinerman Christian, the EVP, Product Management of Snowflake Inc, sale 861 shares at $111.41 during a trade that took place back on Sep 23 ’24, which means that Kleinerman Christian is holding 751,755 shares at $95,924 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 2.85.
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 12.93. 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.
