For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Snowflake Inc’s stock clocked out at $148.41, down -0.26% from its previous closing price of $148.80. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 3.78 million shares were traded. SNOW stock price reached its highest trading level at $150.9 during the session, while it also had its lowest trading level at $147.6401.
Ratios:
To gain a deeper understanding of SNOW’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 12.90 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 63.68. For the most recent quarter (mrq), Quick Ratio is recorded 1.81 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.
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 this company, KeyBanc Capital Markets on April 11, 2024, initiated with a Overweight rating and assigned the stock a target price of $185.
On April 05, 2024, Rosenblatt Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $185.
Redburn Atlantic Downgraded its Neutral to Sell on March 19, 2024, whereas the target price for the stock was revised from $180 to $125.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Apr 15 ’24 when Kleinerman Christian sold 1,500 shares for $156.38 per share. The transaction valued at 234,570 led to the insider holds 774,097 shares of the business.
Ramaswamy Sridhar bought 31,542 shares of SNOW for $5,000,038 on Mar 25 ’24. The Chief Executive Officer now owns 31,542 shares after completing the transaction at $158.52 per share. On Mar 19 ’24, another insider, Ho Emily, who serves as the Chief Accounting Officer of the company, sold 1,968 shares for $157.41 each. As a result, the insider received 309,793 and left with 30,425 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 49598623744 and an Enterprise Value of 46015172608. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.67 while its Price-to-Book (P/B) ratio in mrq is 9.58. Its current Enterprise Value per Revenue stands at 16.396 whereas that against EBITDA is -46.299.
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 $135.26. The 50-Day Moving Average of the stock is -18.40%, while the 200-Day Moving Average is calculated to be -14.57%.
Shares Statistics:
It appears that SNOW traded 7.11M shares on average per day over the past three months and 4337940 shares per day over the past ten days. A total of 334.45M shares are outstanding, with a floating share count of 307.94M. Insiders hold about 7.86% of the company’s shares, while institutions hold 62.09% stake in the company. Shares short for SNOW as of 1711584000 were 9604926 with a Short Ratio of 1.35, compared to 1709164800 on 9404751. Therefore, it implies a Short% of Shares Outstanding of 9604926 and a Short% of Float of 2.97.
Earnings Estimates
The current assessment of Snowflake Inc (SNOW) involves the perspectives of SDOW analysts closely monitoring its market dynamics.The consensus estimate for the next quarter is $148.41, with high estimates of $29.67 and low estimates of $731.36.
Analysts are recommending an EPS of between $Energy and $Technology for the fiscal current year, implying an average EPS of $Technology.
