Snowflake Inc [NYSE: SNOW] loss -0.76% or -0.85 points to close at $110.78 with a heavy trading volume of 6470872 shares.
The daily chart for SNOW points out that the company has recorded -29.75% loss over the past six months.
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If we look at the average trading volume of 6.68M shares, SNOW reached to a volume of 6470872 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $176.28 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 1.74. 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.
HSBC Securities have made an estimate for Snowflake Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on August 23, 2024. While these analysts kept the previous recommendation, Wells Fargo dropped their target price from $200 to $130. The new note on the price target was released on August 15, 2024, representing the official price target for Snowflake Inc stock. Previously, the target price had yet another raise to $200, while Exane BNP Paribas analysts kept a Outperform rating on SNOW stock.
The Average True Range (ATR) for Snowflake Inc is set at 4.15, with the Price to Sales ratio for SNOW stock in the period of the last 12 months amounting to 11.58. The Price to Book ratio for the last quarter was 9.00, with the Price to Cash per share for the same quarter was set at 9.64. Price to Free Cash Flow for SNOW in the course of the last twelve months was 44.71 with Quick ratio for the last quarter at 1.55.
Trading performance analysis for SNOW stock
Snowflake Inc [SNOW] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.09. With this latest performance, SNOW shares dropped by -15.71% in over the last four-week period, additionally sinking by -29.75% over the last 6 months – not to mention a drop of -31.38% 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 39.62, with the RSI for the last a single of trading hit 38.95, and the three-weeks RSI is set at 40.13 for Snowflake Inc [SNOW]. The present Moving Average for the last 50 days of trading for this stock 122.33, while it was recorded at 112.38 for the last single week of trading, and 159.93 for the last 200 days.
Snowflake Inc [SNOW]: A deeper dive into fundamental analysis
Snowflake Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.55 and a Current Ratio set at 1.55.
Snowflake Inc [SNOW]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Snowflake Inc posted 0.25/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. 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 10.55%.
An analysis of Institutional ownership at Snowflake Inc [SNOW]
There are presently around $62.70%, or 65.66%% of SNOW stock, in the hands of institutional investors. The top three institutional holders of SNOW stocks are: VANGUARD GROUP INC with ownership of 22.5 million shares, which is approximately 6.7438%. BLACKROCK INC., holding 16.78 million shares of the stock with an approximate value of $$2.27 billion in SNOW stocks shares; and BLACKROCK INC., currently with $$1.67 billion in SNOW stock with ownership which is approximately 3.7072%.
