Snowflake Inc [NYSE: SNOW] traded at a low on Wednesday, posting a -3.13 loss after which it closed the day’ session at $118.90.
The results of the trading session contributed to over 4337290 shares changing hands. Over the past one week, the price volatility of Snowflake Inc stands at 3.33% while the volatility over the past one month is 3.18%.
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The market cap for SNOW stock reached $39.86 billion, with 334.45 million shares outstanding and 309.12 million shares in the current float. Compared to the average trading volume of 6.86M shares, SNOW reached a trading volume of 4337290 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 $175.44 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 1.77. 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.
Argus have made an estimate for Snowflake Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on October 01, 2024. While these analysts kept the previous recommendation, HSBC Securities raised their target price from $119 to $121. The new note on the price target was released on August 23, 2024, representing the official price target for Snowflake Inc stock. Previously, the target price had yet another drop from $200 to $130, while Wells Fargo kept a Equal Weight rating on SNOW stock.
The Average True Range (ATR) for Snowflake Inc is set at 3.91, with the Price to Sales ratio for SNOW stock in the period of the last 12 months amounting to 12.43. The Price to Book ratio for the last quarter was 9.66, 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 47.99 with Quick ratio for the last quarter at 1.55.
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 -0.64. With this latest performance, SNOW shares gained by 6.51% in over the last four-week period, additionally sinking by -20.09% over the last 6 months – not to mention a drop of -26.66% 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 53.98, with the RSI for the last a single of trading hit 54.40, and the three-weeks RSI is set at 51.88 for Snowflake Inc [SNOW]. The present Moving Average for the last 50 days of trading for this stock 116.82, while it was recorded at 122.52 for the last single week of trading, and 152.04 for the last 200 days.
Snowflake Inc [SNOW]: Deeper insight into the fundamentals
Snowflake Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.55 and a Current Ratio set at 1.55.
Earnings analysis for Snowflake Inc [SNOW]
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 14.00%.
Insider trade positions for Snowflake Inc [SNOW]
There are presently around $62.60%, or 65.59%% 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%.
