After finishing at $186.72 in the prior trading day, Snowflake Inc (NYSE: SNOW) closed at $177.93, down -4.71%. In other words, the price has decreased by -$8.79 from its previous closing price. On the day, 16299300 shares were traded. SNOW stock price reached its highest trading level at $186.55 during the session, while it also had its lowest trading level at $175.29.
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 15.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 68.65. 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:
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 Feb 14 when Kleinerman Christian sold 1,500 shares for $230.00 per share. The transaction valued at 345,000 led to the insider holds 725,067 shares of the business.
Slootman Frank sold 213,922 shares of SNOW for $49,774,044 on Feb 09. The CEO and Chairman now owns 180,143 shares after completing the transaction at $232.67 per share. On Feb 09, another insider, Kleinerman Christian, who serves as the SVP, Product Management of the company, sold 10,000 shares for $230.00 each. As a result, the insider received 2,300,000 and left with 726,567 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 61.39B and an Enterprise Value of 57.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 20.88 while its Price-to-Book (P/B) ratio in mrq is 11.88. Its current Enterprise Value per Revenue stands at 20.61 whereas that against EBITDA is -59.33.
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 206.67, while the 200-Day Moving Average is calculated to be 176.16.
Shares Statistics:
The stock has traded on average 6.10M shares per day over the past 3-months and 11.22M shares per day over the last 10 days, according to various share statistics. A total of 323.31M shares are outstanding, with a floating share count of 303.01M. Insiders hold about 7.98% of the company’s shares, while institutions hold 63.09% stake in the company. Shares short for SNOW as of Feb 15, 2024 were 10.36M with a Short Ratio of 1.70, 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
Its stock is currently analyzed by 31 different market analysts. 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 $0.22, with high estimates of $0.31 and low estimates of $0.1.
Analysts are recommending an EPS of between $1.59 and $0.45 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.44, with 35 analysts recommending between $2.92 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 $3.83B, while the lowest revenue estimate was $3.38B, resulting in an average revenue estimate of $3.47B. In the same quarter a year ago, actual revenue was $2.81B, up 23.50% from the average estimate. Based on 39 analysts’ estimates, the company’s revenue will be $4.32B in the next fiscal year. The high estimate is $5.06B and the low estimate is $3.9B. The average revenue growth estimate for next year is up 24.60% from the average revenue estimate for this year.
