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After finishing at $110.23 in the prior trading day, Snowflake Inc (NYSE: SNOW) closed at $109.65, down -0.53%. In other words, the price has decreased by -$0.53 from its previous closing price. On the day, 5.35 million shares were traded. SNOW stock price reached its highest trading level at $111.375 during the session, while it also had its lowest trading level at $109.2.
Ratios:
Our goal is to gain a better understanding of SNOW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 11.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.26. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 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.
On August 23, 2024, HSBC Securities Upgraded its rating to Hold which previously was Reduce and also upped its target price recommendation from $119 to $121.
Wells Fargo Downgraded its Overweight to Equal Weight on August 15, 2024, whereas the target price for the stock was revised from $200 to $130.
Insider Transactions:
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 Sep 23 ’24 when Kleinerman Christian sold 861 shares for $111.41 per share. The transaction valued at 95,924 led to the insider holds 751,755 shares of the business.
Dageville Benoit sold 287 shares of SNOW for $31,975 on Sep 23 ’24. The President of Products now owns 53,250 shares after completing the transaction at $111.41 per share. On Sep 23 ’24, another insider, Kleinerman Christian, who serves as the Officer of the company, bought 861 shares for $111.41 each.
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 36754681856 and an Enterprise Value of 33845571584. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.46 while its Price-to-Book (P/B) ratio in mrq is 8.91. Its current Enterprise Value per Revenue stands at 10.556 whereas that against EBITDA is -29.949.
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 $107.13. The 50-Day Moving Average of the stock is -7.44%, while the 200-Day Moving Average is calculated to be -29.92%.
Shares Statistics:
The stock has traded on average 6.94M shares per day over the past 3-months and 10091780 shares per day over the last 10 days, according to various share statistics. A total of 334.45M shares are outstanding, with a floating share count of 309.26M. Insiders hold about 7.74% of the company’s shares, while institutions hold 59.18% stake in the company. Shares short for SNOW as of 1726185600 were 11503568 with a Short Ratio of 1.66, compared to 1723680000 on 11193647. Therefore, it implies a Short% of Shares Outstanding of 11503568 and a Short% of Float of 3.55.
