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.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
