The price of Snowflake Inc (NYSE: SNOW) closed at $158.39 in the last session, down -2.85% from day before closing price of $163.04. In other words, the price has decreased by -$4.65 from its previous closing price. On the day, 11362425 shares were traded.
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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 13.56 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 64.15. For the most recent quarter (mrq), Quick Ratio is recorded 2.08 and its Current Ratio is at 2.08. 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 the company, Redburn Atlantic on March 19, 2024, Downgraded its rating to Sell and sets its target price to $125 from $180 previously.
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 19 ’24 when Ho Emily sold 1,968 shares for $157.41 per share. The transaction valued at 309,793 led to the insider holds 30,425 shares of the business.
Slootman Frank sold 19,764 shares of SNOW for $3,096,303 on Mar 18 ’24. The CEO and Chairman now owns 233,297 shares after completing the transaction at $156.66 per share. On Mar 18 ’24, another insider, Kleinerman Christian, who serves as the EVP, Product Management of the company, sold 12,636 shares for $157.32 each. As a result, the insider received 1,987,939 and left with 748,257 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 52.08B and an Enterprise Value of 48.52B. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.58 while its Price-to-Book (P/B) ratio in mrq is 10.58. Its current Enterprise Value per Revenue stands at 17.29 whereas that against EBITDA is -49.77.
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 $134.17. The 50-Day Moving Average of the stock is 197.84, while the 200-Day Moving Average is calculated to be 175.65.
Shares Statistics:
According to the various share statistics, SNOW traded on average about 6.90M shares per day over the past 3-months and 7.56M shares per day over the past 10 days. A total of 323.31M shares are outstanding, with a floating share count of 303.06M. Insiders hold about 7.97% of the company’s shares, while institutions hold 63.11% stake in the company. Shares short for SNOW as of Feb 29, 2024 were 9.4M with a Short Ratio of 1.36, compared to 10.9M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.86% and a Short% of Float of 2.96%.
Earnings Estimates
The company has 32 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 $0.97. EPS for the following year is $1.4, with 37 analysts recommending between $3.26 and $0.85.
Revenue Estimates
A total of 40 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 22.20% from the average estimate. Based on 40 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 23.60% from the average revenue estimate for this year.
