Snowflake Inc. [NYSE: SNOW] stock went on a downward path that fall over -4.43% on Monday, amounting to a one-week price increase of more than 27.72%. The company report on March 17, 2022 that Snowflake Launches Healthcare & Life Sciences Data Cloud for Better Patient Care and Business Results.
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Over the last 12 months, SNOW stock dropped by -3.52%. The one-year Snowflake Inc. stock forecast points to a potential upside of 35.14. The average equity rating for SNOW stock is currently 2.30, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $60.06 billion, with 303.01 million shares outstanding and 262.58 million shares in the current float. Compared to the average trading volume of 5.04M shares, SNOW stock reached a trading volume of 6789143 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $328.35 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 2.30. 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.
Morgan Stanley have made an estimate for Snowflake Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on February 07, 2022. The new note on the price target was released on January 25, 2022, representing the official price target for Snowflake Inc. stock. On January 12, 2022, analysts decreased their price target for SNOW shares from 393 to 367.
The Average True Range (ATR) for Snowflake Inc. is set at 19.16, with the Price to Sales ratio for SNOW stock in the period of the last 12 months amounting to 49.26. The Price to Book ratio for the last quarter was 12.89, with the Price to Cash per share for the same quarter was set at 13.80.
SNOW Stock Performance Analysis:
Snowflake Inc. [SNOW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 27.72. With this latest performance, SNOW shares dropped by -25.61% in over the last four-week period, additionally sinking by -31.32% over the last 6 months – not to mention a drop of -3.52% in the past year of trading.
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 44.54, with the RSI for the last a single of trading hit 48.49, and the three-weeks RSI is set at 42.94 for Snowflake Inc. [SNOW]. The present Moving Average for the last 50 days of trading for this stock 259.08, while it was recorded at 202.66 for the last single week of trading, and 295.68 for the last 200 days.
Insight into Snowflake Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Snowflake Inc. [SNOW] shares currently have an operating margin of -58.59 and a Gross Margin at +61.95. Snowflake Inc.’s Net Margin is presently recorded at -55.76.
Return on Equity for this stock declined to -13.62, with Return on Assets sitting at -10.82.
Snowflake Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.50 and a Current Ratio set at 4.50.
SNOW Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SNOW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Snowflake Inc. go to -0.14%.
Snowflake Inc. [SNOW] Insider Position Details
There are presently around $44,843 million, or 71.00% of SNOW stock, in the hands of institutional investors. The top three institutional holders of SNOW stocks are: ICONIQ CAPITAL, LLC with ownership of 25,102,653, which is approximately -15.361% of the company’s market cap and around 0.20% of the total institutional ownership; ALTIMETER CAPITAL MANAGEMENT, LP, holding 17,001,796 shares of the stock with an approximate value of $3.62 billion in SNOW stocks shares; and MORGAN STANLEY, currently with $3.46 billion in SNOW stock with ownership of nearly -3.587% of the company’s market capitalization.
Positions in Snowflake Inc. stocks held by institutional investors increased at the end of March and at the time of the March reporting period, where 596 institutional holders increased their position in Snowflake Inc. [NYSE:SNOW] by around 27,974,361 shares. Additionally, 296 investors decreased positions by around 22,754,601 shares, while 96 investors held positions by with 159,829,720 shares. The mentioned changes placed institutional holdings at 210,558,682 shares, according to the latest SEC report filing. SNOW stock had 247 new institutional investments in for a total of 8,933,998 shares, while 71 institutional investors sold positions of 3,554,577 shares during the same period.