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In the latest session, Snowflake Inc (NYSE: SNOW) closed at $118.00 up 1.85% from its previous closing price of $115.86. In other words, the price has increased by $1.85 from its previous closing price. On the day, 12.67 million shares were traded. SNOW stock price reached its highest trading level at $120.03 during the session, while it also had its lowest trading level at $114.88.
Ratios:
For a deeper understanding of Snowflake Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.57. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.08 whereas as Long-Term Debt/Eq ratio is at 0.07.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, HSBC Securities on August 23, 2024, Upgraded its rating to Hold and sets its target price to $121 from $119 previously.
On August 15, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $200 to $130.
Exane BNP Paribas Upgraded its Neutral to Outperform on May 02, 2024, while the target price for the stock was maintained at $200.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 07 ’24 when Kleinerman Christian sold 15,000 shares for $120.00 per share. The transaction valued at 1,800,000 led to the insider holds 718,773 shares of the business.
Kleinerman Christian bought 15,000 shares of SNOW for $1,800,000 on Aug 07 ’24. On Jul 05 ’24, another insider, Briggs Teresa, who serves as the Director of the company, sold 848 shares for $142.98 each. As a result, the insider received 121,247 and left with 4,247 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 39505809408 and an Enterprise Value of 36511268864. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.32 while its Price-to-Book (P/B) ratio in mrq is 8.68. Its current Enterprise Value per Revenue stands at 11.387 whereas that against EBITDA is -32.874.
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 $107.93. The 50-Day Moving Average of the stock is -8.81%, while the 200-Day Moving Average is calculated to be -28.27%.
Shares Statistics:
For the past three months, SNOW has traded an average of 7.47M shares per day and 11490130 over the past ten days. A total of 334.45M shares are outstanding, with a floating share count of 308.84M. Insiders hold about 7.75% of the company’s shares, while institutions hold 60.46% stake in the company. Shares short for SNOW as of 1722384000 were 11502896 with a Short Ratio of 1.54, compared to 1719532800 on 13173597. Therefore, it implies a Short% of Shares Outstanding of 11502896 and a Short% of Float of 3.55.
