Snowflake Inc (NYSE: SNOW) has seen a decline in its stock price by -0.72 in relation to its previous close of 183.64. However, the company has experienced a 5.74% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-09 that Zacks.com users have recently been watching Snowflake (SNOW) quite a bit. Thus, it is worth knowing the facts that could determine the stock’s prospects.
Is It Worth Investing in Snowflake Inc (NYSE: SNOW) Right Now?
Additionally, the 36-month beta value for SNOW is 1.02. There are mixed opinions on the stock, with 22 analysts rating it as a “buy,” 9 rating it as “overweight,” 13 rating it as “hold,” and 1 rating it as “sell.”
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The public float for SNOW is 305.28M and currently, short sellers hold a 4.33% ratio of that float. The average trading volume of SNOW on December 09, 2024 was 7.23M shares.
SNOW’s Market Performance
The stock of Snowflake Inc (SNOW) has seen a 5.74% increase in the past week, with a 47.57% rise in the past month, and a 65.33% gain in the past quarter. The volatility ratio for the week is 3.38%, and the volatility levels for the past 30 days are at 3.84% for SNOW. The simple moving average for the last 20 days is 16.28% for SNOW stock, with a simple moving average of 30.87% for the last 200 days.
Analysts’ Opinion of SNOW
Many brokerage firms have already submitted their reports for SNOW stocks, with Wedbush repeating the rating for SNOW by listing it as a “Outperform.” The predicted price for SNOW in the upcoming period, according to Wedbush is $190 based on the research report published on November 25, 2024 of the current year 2024.
Monness Crespi & Hardt, on the other hand, stated in their research note that they expect to see SNOW reach a price target of $188, previously predicting the price at $140. The rating they have provided for SNOW stocks is “Buy” according to the report published on November 21st, 2024.
Monness Crespi & Hardt gave a rating of “Buy” to SNOW, setting the target price at $140 in the report published on November 06th of the current year.
SNOW Trading at 36.98% 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 -23.31% of loss for the given period.
Volatility was left at 3.84%, however, over the last 30 days, the volatility rate increased by 3.38%, as shares surge +50.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +60.07% upper at present.
During the last 5 trading sessions, SNOW rose by +5.76%, which changed the moving average for the period of 200-days by -20.49% in comparison to the 20-day moving average, which settled at $156.78. In addition, Snowflake Inc saw -8.39% 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 $180.00 back on Dec 04 ’24. After this action, Kleinerman Christian now owns 691,755 shares of Snowflake Inc, valued at $2,700,000 using the latest closing price.
Slootman Frank, the Director of Snowflake Inc, sale 2,218 shares at $175.00 during a trade that took place back on Dec 03 ’24, which means that Slootman Frank is holding 208,735 shares at $388,150 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 -0.33. The total capital return value is set at -0.24. Equity return is now at value -28.69, with -14.58 for asset returns.
Based on Snowflake Inc (SNOW), the company’s capital structure generated 0.47 points at debt to capital in total, while cash flow to debt ratio is standing at 0.34. The debt to equity ratio resting at 0.89. The interest coverage ratio of the stock is 1951.87.
Currently, EBITDA for the company is -974.87 million with net debt to EBITDA at -0.35. When we switch over and look at the enterprise to sales, we see a ratio of 17.82. The receivables turnover for the company is 5.73for trailing twelve months and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.85.
Conclusion
In conclusion, Snowflake Inc (SNOW) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
