Snowflake Inc. (NYSE:SNOW) remained unchanged to close Monday at $166.67 after subtracting $0.0 on the day. The 5-day average trading volume is 5,299,620 shares of the company’s common stock. It has gained $177.71 in the past week and touched a new high 1 time within the past 5 days. An average of 4,943,060 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,596,514.
SNOW’s 1-month performance is -2.31% or -$3.94 on its low of $159.53 reached on 08/03/23. The company’s shares have touched a 52-week low of $119.27 and high of $205.66, with the stock’s rally to the 52-week high happening on 06/16/23. YTD, SNOW has achieved 16.11% or $23.13 and has reached a new high 10 times. However, the current price is down -18.96% from the 52-week high price.
Insider Transactions
SNOW stock investors last saw insider trading activity on Aug 02.Slootman Frank (CEO and Chairman) most recently sold 8,334 shares at $168.35 per share on Aug 02. This transaction cost the insider $1,403,065. CEO and Chairman, Slootman Frank, sold 20,834 shares at a price of $188.40 on Jul 19. Then, on Jul 14, SVP, Product Management Kleinerman Christian sold 1,500 shares at a price of $184.94 per share. This transaction amounted to $277,410.
Valuation Metrics
SNOW stock has a beta of 0.76. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 23.15 while the price-to-book (PB) in the most recent quarter is 10.22, with the price to cash flow ratio at 86.53.
Snowflake Inc.’s quick ratio for the period ended April 29 was 2.40, with the current ratio over the same period at 2.40. In terms of profitability, the gross margin trailing 12 months is 65.60%. The trailing 12-month EBITDA margin is -34.99% while for the period ending April 29, Snowflake Inc.’s operating margin was -42.60%. The firm’s gross profit as reported stood at $1.35 billion against revenue of $2.07 billion.
Earnings Surprise
For the quarterly period ending April 29 this year, Snowflake Inc.’s cash and short-term investments amounted to $3.29 billion against total debt of $254.84 million. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 26.52% to -$225.63 million, while revenue of -$207.17 million was 8.18% off the previous quarter. Analysts expected SNOW to announce $0.05 per share in earnings in its latest quarter, but it posted $0.15, representing a 200.00% surprise. EBITDA for the quarter stood at more than -$247.73 million. SNOW stock balance sheet for the quarter ending April 29 shows that total liabilities totaled 2.15 billion, with total debt at $254.84 million. Shareholders hold equity totaling $325.9 million.
Let’s look briefly at Snowflake Inc. (SNOW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 07 August was 42.15% to suggest the stock is trending Neutral, with historical volatility in this time period at 54.34%.
The stock’s 5-day moving average is $167.11, reflecting a -6.21% or -$11.04 change from its current price. SNOW is currently trading -1.76% above its 20-day SMA, +19.20% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -5.91% and SMA200 by-3.75%.
Stochastic %K and %D was 15.63% and 12.69% and the average true range (ATR) pointed at 7.46. The RSI (14) points at 44.33%, while the 14-day stochastic is at 21.19% with the period’s ATR at 7.63. The stock’s 9-day MACD Oscillator is pointing at -4.80 and -7.93 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Snowflake Inc. (NYSE: SNOW), Exane BNP Paribas upgraded it to a Neutral rating. They previously had an Underperform rating on the stock. Analysts offering their rating for SNOW stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate SNOW as a “sell,”, while 16 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates the stock as overweight while 25 have offered a “buy” rating.
What is SNOW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $105.00 and a high of $600.00, with their median price target at $195.00. Looking at these predictions, the average price target given by analysts is for Snowflake Inc. (SNOW) stock is $199.00.
