Snowflake Inc (NYSE: SNOW) closed the day trading at $153.02 down -2.03% from the previous closing price of $156.19. On the day, 6125767 shares were traded.
Ratios:
For a better understanding of SNOW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 65.66. 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 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:
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 Mar 25 ’24 when Ramaswamy Sridhar bought 31,542 shares for $158.52 per share. The transaction valued at 5,000,038 led to the insider holds 31,542 shares of the business.
Ho Emily sold 1,968 shares of SNOW for $309,793 on Mar 19 ’24. The Chief Accounting Officer now owns 30,425 shares after completing the transaction at $157.41 per share. On Mar 18 ’24, another insider, Slootman Frank, who serves as the CEO and Chairman of the company, sold 19,764 shares for $156.66 each. As a result, the insider received 3,096,303 and left with 233,297 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 52.20B and an Enterprise Value of 48.64B. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.22 while its Price-to-Book (P/B) ratio in mrq is 9.88. Its current Enterprise Value per Revenue stands at 17.33 whereas that against EBITDA is -49.89.
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 192.39, while the 200-Day Moving Average is calculated to be 174.92.
Shares Statistics:
Over the past 3-months, SNOW traded about 7.10M shares per day on average, while over the past 10 days, SNOW traded about 6.07M shares per day. A total of 334.45M shares are outstanding, with a floating share count of 307.55M. Insiders hold about 7.97% of the company’s shares, while institutions hold 62.61% stake in the company. Shares short for SNOW as of Mar 15, 2024 were 8.69M with a Short Ratio of 1.22, compared to 10.36M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.60% and a Short% of Float of 2.69%.
Earnings Estimates
Current recommendations for the stock of the company come from 32 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 $0.21, 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.
