Snowflake Inc. [NYSE: SNOW] traded at a low on 05/06/21, posting a -6.53 loss after which it closed the day’ session at $199.84. The company report on May 3, 2021 that Snowflake to Announce Financial Results for the First Quarter of Fiscal 2022 on May 26, 2021.
Snowflake (NYSE: SNOW), the Data Cloud company, announced it will release its financial results for the first quarter of fiscal year 2022, which ended April 30, 2021, following the close of the U.S. markets on Wednesday, May 26, 2021. Snowflake will host a conference call and live webcast to discuss the financial results.
Conference Call Details.
The results of the trading session contributed to over 8311333 shares changing hands. Over the past one week, the price volatility of Snowflake Inc. stands at 5.22% while the volatility over the past one month is 4.16%.
The market cap for SNOW stock reached $57.19 billion, with 285.16 million shares outstanding and 50.69 million shares in the current float. Compared to the average trading volume of 3.91M shares, SNOW reached a trading volume of 8311333 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Snowflake Inc. [SNOW]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SNOW shares is $298.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SNOW stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Needham have made an estimate for Snowflake Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on May 03, 2021. While these analysts kept the previous recommendation, Evercore ISI raised their target price to Outperform. The new note on the price target was released on March 26, 2021, representing the official price target for Snowflake Inc. stock. Previously, the target price had yet another raise to $275, while UBS analysts kept a Buy rating on SNOW stock.
The Average True Range (ATR) for Snowflake Inc. is set at 10.04, with the Price to Sales ratio for SNOW stock in the period of the last 12 months amounting to 96.60. The Price to Book ratio for the last quarter was 11.54, with the Price to Cash per share for the same quarter was set at 13.66.
How has SNOW stock performed recently?
Snowflake Inc. [SNOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.94. With this latest performance, SNOW shares dropped by -14.59% in over the last four-week period, additionally sinking by -23.76% over the last 6 months.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SNOW stock in for the last two-week period is set at 29.90, with the RSI for the last a single of trading hit 21.33, and the three-weeks RSI is set at 34.77 for Snowflake Inc. [SNOW]. The present Moving Average for the last 50 days of trading for this stock 232.08, while it was recorded at 217.46 for the last single week of trading.
Snowflake Inc. [SNOW]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Snowflake Inc. [SNOW] shares currently have an operating margin of -91.87 and a Gross Margin at +58.84. Snowflake Inc.’s Net Margin is presently recorded at -91.06.
Return on Total Capital for SNOW is now -18.94, given the latest momentum, and Return on Invested Capital for the company is -18.90. Return on Equity for this stock declined to -20.24, with Return on Assets sitting at -15.55. When it comes to the capital structure of this company, Snowflake Inc. [SNOW] has a Total Debt to Total Equity ratio set at 4.14. Additionally, SNOW Total Debt to Total Capital is recorded at 3.98, with Total Debt to Total Assets ending up at 3.45. Long-Term Debt to Equity for the company is recorded at 3.75, with the Long-Term Debt to Total Capital now at 3.60.
Reflecting on the efficiency of the workforce at the company, Snowflake Inc. [SNOW] managed to generate an average of -$216,073 per employee. Receivables Turnover for the company is 2.50 with a Total Asset Turnover recorded at a value of 0.17.Snowflake Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.40 and a Current Ratio set at 5.40.
Insider trade positions for Snowflake Inc. [SNOW]
There are presently around $16,684 million, or 27.10% of SNOW stock, in the hands of institutional investors. The top three institutional holders of SNOW stocks are: ALTIMETER CAPITAL MANAGEMENT, LP with ownership of 9,491,575, which is approximately 2159.899% of the company’s market cap and around 0.40% of the total institutional ownership; ICONIQ CAPITAL, LLC, holding 8,858,010 shares of the stock with an approximate value of $1.89 billion in SNOW stocks shares; and MORGAN STANLEY, currently with $1.39 billion in SNOW stock with ownership of nearly 359.841% of the company’s market capitalization.
Positions in Snowflake Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 371 institutional holders increased their position in Snowflake Inc. [NYSE:SNOW] by around 35,506,063 shares. Additionally, 154 investors decreased positions by around 24,241,002 shares, while 59 investors held positions by with 18,293,982 shares. The mentioned changes placed institutional holdings at 78,041,047 shares, according to the latest SEC report filing. SNOW stock had 208 new institutional investments in for a total of 3,378,824 shares, while 85 institutional investors sold positions of 19,565,062 shares during the same period.