Snowflake Inc. (NYSE: SNOW) closed the day trading at $147.91 down -16.50% from the previous closing price of $177.14. In other words, the price has decreased by -$29.23 from its previous closing price. On the day, 23911666 shares were traded. SNOW stock price reached its highest trading level at $158.73 during the session, while it also had its lowest trading level at $143.11.
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For a better understanding of SNOW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 101.06. For the most recent quarter (mrq), Quick Ratio is recorded 2.50 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 18 when Dageville Benoit sold 13,182 shares for $180.00 per share. The transaction valued at 2,372,760 led to the insider holds 43,063 shares of the business.
Dageville Benoit sold 13,182 shares of SNOW for $2,185,707 on May 10. The President of Products now owns 43,063 shares after completing the transaction at $165.81 per share. On May 08, another insider, McMahon John Dennis, who serves as the Director of the company, sold 1,000 shares for $160.27 each. As a result, the insider received 160,270 and left with 152,902 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SNOW now has a Market Capitalization of 57.47B and an Enterprise Value of 53.71B. For the stock, the TTM Price-to-Sale (P/S) ratio is 24.26 while its Price-to-Book (P/B) ratio in mrq is 8.73. Its current Enterprise Value per Revenue stands at 26.00 whereas that against EBITDA is -68.97.
Stock Price History:
Over the past 52 weeks, SNOW has reached a high of $205.66, while it has fallen to a 52-week low of $110.26. The 50-Day Moving Average of the stock is 151.17, while the 200-Day Moving Average is calculated to be 155.46.
Over the past 3-months, SNOW traded about 5.59M shares per day on average, while over the past 10 days, SNOW traded about 7.2M shares per day. A total of 321.96M shares are outstanding, with a floating share count of 291.41M. Insiders hold about 0.10% of the company’s shares, while institutions hold 68.40% stake in the company. Shares short for SNOW as of May 14, 2023 were 12.83M with a Short Ratio of 12.83M, compared to 12.7M on Apr 13, 2023. Therefore, it implies a Short% of Shares Outstanding of 3.95% and a Short% of Float of 4.10%.
Current recommendations for the stock of the company come from 31 analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.2 and a low estimate of $0.03, while EPS last year was $0.01. The consensus estimate for the next quarter is $0.2, with high estimates of $0.3 and low estimates of $0.12.
Analysts are recommending an EPS of between $0.96 and $0.39 for the fiscal current year, implying an average EPS of $0.61. EPS for the following year is $1.02, with 38 analysts recommending between $1.71 and -$0.7.
32 analysts predict $685.54M in revenue for the current quarter. It ranges from a high estimate of $704.4M to a low estimate of $664.83M. As of the current estimate, Snowflake Inc.’s year-ago sales were $497.25M, an estimated increase of 37.90% from the year-ago figure.
A total of 41 analysts have provided revenue estimates for SNOW’s current fiscal year. The highest revenue estimate was $2.96B, while the lowest revenue estimate was $2.82B, resulting in an average revenue estimate of $2.87B. In the same quarter a year ago, actual revenue was $2.07B, up 39.00% from the average estimate. Based on 41 analysts’ estimates, the company’s revenue will be $3.91B in the next fiscal year. The high estimate is $4.23B and the low estimate is $3.62B. The average revenue growth estimate for next year is up 36.30% from the average revenue estimate for this year.