Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Snowflake Inc (NYSE: SNOW) closed the day trading at $155.87 down -1.21% from the previous closing price of $157.78. In other words, the price has decreased by -$1.21 from its previous closing price. On the day, 2.55 million shares were traded. SNOW stock price reached its highest trading level at $158.1699 during the session, while it also had its lowest trading level at $155.77.
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 13.54 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 66.88. 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.
On April 11, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $185.
Rosenblatt Upgraded its Neutral to Buy on April 05, 2024, while the target price for the stock was maintained at $185.
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 May 01 ’24 when Degnan Christopher William sold 12,782 shares for $156.56 per share. The transaction valued at 2,001,148 led to the insider holds 354,954 shares of the business.
Kleinerman Christian sold 1,500 shares of SNOW for $234,570 on Apr 15 ’24. The EVP, Product Management now owns 774,097 shares after completing the transaction at $156.38 per share. On Mar 25 ’24, another insider, Ramaswamy Sridhar, who serves as the Chief Executive Officer of the company, bought 31,542 shares for $158.52 each. As a result, the insider paid 5,000,038 and bolstered with 31,542 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 52091752448 and an Enterprise Value of 49144385536. For the stock, the TTM Price-to-Sale (P/S) ratio is 18.56 while its Price-to-Book (P/B) ratio in mrq is 10.06. Its current Enterprise Value per Revenue stands at 17.511 whereas that against EBITDA is -49.447.
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 $138.40. The 50-Day Moving Average of the stock is -2.76%, while the 200-Day Moving Average is calculated to be -9.41%.
Shares Statistics:
Over the past 3-months, SNOW traded about 6.70M shares per day on average, while over the past 10 days, SNOW traded about 3892050 shares per day. A total of 334.45M shares are outstanding, with a floating share count of 308.02M. Insiders hold about 7.83% of the company’s shares, while institutions hold 63.15% stake in the company. Shares short for SNOW as of 1713139200 were 10057036 with a Short Ratio of 1.50, compared to 1710460800 on 8690545. Therefore, it implies a Short% of Shares Outstanding of 10057036 and a Short% of Float of 3.11.
