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In the latest session, Snowflake Inc (NYSE: SNOW) closed at $118.90 down -3.13% from its previous closing price of $122.74. In other words, the price has decreased by -$3.13 from its previous closing price. On the day, 4.34 million shares were traded. SNOW stock price reached its highest trading level at $123.5 during the session, while it also had its lowest trading level at $118.82.
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 12.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.99. 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:
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 Oct 10 ’24 when Kleinerman Christian sold 30,000 shares for $120.00 per share. The transaction valued at 3,600,000 led to the insider holds 721,755 shares of the business.
Kleinerman Christian bought 30,000 shares of SNOW for $3,600,000 on Oct 10 ’24. On Sep 23 ’24, another insider, Kleinerman Christian, who serves as the EVP, Product Management of the company, sold 861 shares for $111.41 each. As a result, the insider received 95,924 and left with 751,755 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 39855280128 and an Enterprise Value of 38233341952. For the stock, the TTM Price-to-Sale (P/S) ratio is 12.43 while its Price-to-Book (P/B) ratio in mrq is 9.66. Its current Enterprise Value per Revenue stands at 11.924 whereas that against EBITDA is -33.831.
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 1.78%, while the 200-Day Moving Average is calculated to be -21.80%.
Shares Statistics:
For the past three months, SNOW has traded an average of 6.86M shares per day and 5479690 over the past ten days. A total of 334.45M shares are outstanding, with a floating share count of 309.12M. Insiders hold about 7.78% of the company’s shares, while institutions hold 59.27% stake in the company. Shares short for SNOW as of 1727654400 were 13169649 with a Short Ratio of 1.92, compared to 1724976000 on 12575733. Therefore, it implies a Short% of Shares Outstanding of 13169649 and a Short% of Float of 4.0599998.
