The price of Snowflake Inc (NYSE: SNOW) closed at $162.40 in the last session, down -3.59% from day before closing price of $168.44. In other words, the price has decreased by -$6.04 from its previous closing price. On the day, 9320249 shares were traded. SNOW stock price reached its highest trading level at $169.84 during the session, while it also had its lowest trading level at $161.63.
Ratios:
We take a closer look at SNOW’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 62.66. For the most recent quarter (mrq), Quick Ratio is recorded 2.08 and its Current Ratio is at 1.81. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.05.
On February 29, 2024, Morgan Stanley Downgraded its rating to Equal-Weight which previously was Overweight and also lowered its target price recommendation from $230 to $175.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 06 ’24 when MCLAUGHLIN MARK D bought 3,030 shares for $165.45 per share. The transaction valued at 501,313 led to the insider holds 11,687 shares of the business.
Kleinerman Christian sold 1,500 shares of SNOW for $345,000 on Feb 14 ’24. The SVP, Product Management now owns 725,067 shares after completing the transaction at $230.00 per share. On Feb 09 ’24, another insider, Slootman Frank, who serves as the CEO and Chairman of the company, sold 213,922 shares for $232.67 each. As a result, the insider received 49,774,044 and left with 180,143 shares of the company.
Valuation Measures:
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 53.40B and an Enterprise Value of 49.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 19.06 while its Price-to-Book (P/B) ratio in mrq is 10.84. Its current Enterprise Value per Revenue stands at 17.76 whereas that against EBITDA is -51.12.
Stock Price History:
Over the past 52 weeks, SNOW has reached a high of $237.72, while it has fallen to a 52-week low of $128.56. The 50-Day Moving Average of the stock is 203.85, while the 200-Day Moving Average is calculated to be 175.96.
Shares Statistics:
According to the various share statistics, SNOW traded on average about 6.59M shares per day over the past 3-months and 15.08M shares per day over the past 10 days. A total of 323.31M shares are outstanding, with a floating share count of 303.03M. Insiders hold about 7.98% of the company’s shares, while institutions hold 63.11% stake in the company. Shares short for SNOW as of Feb 15, 2024 were 10.36M with a Short Ratio of 1.57, compared to 11.12M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.15% and a Short% of Float of 3.26%.
Earnings Estimates
The company has 31 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.29 and a low estimate of $0.06, while EPS last year was $0.15. The consensus estimate for the next quarter is $0.21, with high estimates of $0.31 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.7 and $0.45 for the fiscal current year, implying an average EPS of $0.96. EPS for the following year is $1.38, with 35 analysts recommending between $3.26 and $0.85.
Revenue Estimates
A total of 38 analysts have provided revenue estimates for SNOW’s current fiscal year. The highest revenue estimate was $3.54B, while the lowest revenue estimate was $3.38B, resulting in an average revenue estimate of $3.43B. In the same quarter a year ago, actual revenue was $2.81B, up 22.10% from the average estimate. Based on 38 analysts’ estimates, the company’s revenue will be $4.24B in the next fiscal year. The high estimate is $4.64B and the low estimate is $3.9B. The average revenue growth estimate for next year is up 23.70% from the average revenue estimate for this year.
