SNOW has 36-month beta value of 0.83. Analysts have mixed views on the stock, with 23 analysts rating it as a “buy,” 7 as “overweight,” 12 as “hold,” and 2 as “sell.”
The public float for SNOW is 309.09M, and currently, short sellers hold a 4.26% ratio of that float. The average trading volume of SNOW on October 15, 2024 was 6.96M shares.
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SNOW) stock’s latest price update
The stock of Snowflake Inc (NYSE: SNOW) has decreased by -0.70 when compared to last closing price of 124.03.Despite this, the company has seen a gain of 8.21% in its stock price over the last five trading days. zacks.com reported 2024-10-14 that SNOW’s near-term prospects suffer from stiff competition and growing GPU-related costs despite an expanding portfolio and strong partner base.
SNOW’s Market Performance
Snowflake Inc (SNOW) has seen a 8.21% rise in stock performance for the week, with a 8.35% gain in the past month and a -9.58% plunge in the past quarter. The volatility ratio for the week is 3.50%, and the volatility levels for the past 30 days are at 3.14% for SNOW. The simple moving average for the past 20 days is 7.59% for SNOW’s stock, with a -19.41% simple moving average for the past 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 5.69% 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 -48.19% of loss for the given period.
Volatility was left at 3.14%, however, over the last 30 days, the volatility rate increased by 3.50%, as shares surge +9.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.83% upper at present.
During the last 5 trading sessions, SNOW rose by +8.21%, which changed the moving average for the period of 200-days by -38.02% in comparison to the 20-day moving average, which settled at $114.47. In addition, Snowflake Inc saw -38.11% 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 30,000 shares at the price of $120.00 back on Oct 10 ’24. After this action, Kleinerman Christian now owns 721,755 shares of Snowflake Inc, valued at $3,600,000 using the latest closing price.
Kleinerman Christian, the Officer of Snowflake Inc, proposed sale 30,000 shares at $120.00 during a trade that took place back on Oct 10 ’24, which means that Kleinerman Christian is holding shares at $3,600,000 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 2.85.
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 12.57. 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 mixed 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.
