Snowflake Inc. (NYSE:SNOW) finished Thursday with an addition of $0.95 to close at $155.02, an upside of 0.62 percent. An average of 6,042,160 shares of common stock have been traded in the last five days. There was a fall of -$6.03 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 5,025,575 shares traded, while the 50-day average volume stands at 6,080,516.
SNOW stock has decreased by -9.84% in the last month. The company shares reached their 1-month lowest point of $153.32 on 08/09/23. With the stock rallying to its 52-week high on 06/16/23, shares of the company touched a low of $119.27 and a high of $205.66 in 52 weeks. It has reached a new high 10 times so far this year and achieved 8.00% or $11.48 in price. In spite of this, the price is down -24.62% from the 52-week high.
Insider Transactions
SNOW stock investors should be aware that Snowflake Inc. (SNOW) stock had its last reported insider trading activity 9 days ago on Aug 02. In this transaction, the insider spent $1,403,065. CEO and Chairman, Slootman Frank, disposed of 20,834 shares at a price of $188.40 on Jul 19. The insider now owns more than $3,925,079 worth of shares. Prior to that, SVP, Product Management Kleinerman Christian went on to Sale 1,500 shares at $184.94 each on Jul 14. An amount of $277,410 was transacted.
Valuation Metrics
Snowflake Inc. (SNOW) stock’s beta is 0.79. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 21.54, the price-to-book (PB) ratio at 9.50, and the price-to-cash flow ratio at 80.48.
Financial Health
The quick ratio of Snowflake Inc. for the three months ended April 29 was 2.40, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.00 and a total debt to equity ratio of 0.00 for the quarter ending April 29. Snowflake Inc.’s EBITDA margin for the year ending April 29 is -37.44%, while its operating margin for the same period stands at -42.60%. Its gross profit as reported stood at $1.35 billion compared to revenue of $2.07 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Snowflake Inc.’s return on assets was -11.70%.
Earnings Surprise
For the three-month period that ended April 29, Snowflake Inc. had $3.29 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$225.63 million in the quarter, while revenues were grew 26.52%. The analyst consensus anticipated Snowflake Inc.’s latest quarter earnings to come in at $0.05 per share, but it turned out to be $0.15, a 200.00% surprise. For the quarter, EBITDA amounted to -$247.73 million. Shareholders own equity worth $325.9 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Snowflake Inc. (SNOW) price momentum. RSI 9-day as of the close on 10 August was 32.25%, suggesting the stock is Neutral, with historical volatility in this time frame at 50.79%.
As of today, SNOW’s price is $159.75 -3.74% or -$6.03 from its 5-day moving average. SNOW is currently trading -15.85% lower than its 20-day SMA and +14.30% higher than its 100-day SMA. However, the stock’s current price level is -2.29% below the SMA50 and -12.47% below the SMA200.
The stochastic %K and %D were 5.29% and 10.73%, respectively, and the average true range (ATR) was 7.44. With the 14-day stochastic at 5.97% and the average true range at 7.60, the RSI (14) stands at 37.08%. The stock has reached -9.16 on the 9-day MACD Oscillator while the 14-day reading was at -12.42.
Analyst Ratings
Exane BNP Paribas upgraded Snowflake Inc. (NYSE: SNOW) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as an Underperform. The consensus rating for Snowflake Inc. (SNOW) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell SNOW, while 16 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 25 others rate it as a “buy”.
What is SNOW’s price target for the next 12 months?
Analysts predict a range of price targets between $105.00 and $600.00, with a median target of $195.00. Taking a look at these predictions, the average price target given by analysts for Snowflake Inc. (SNOW) stock is $199.00.
