The stock of Snowflake Inc. (NYSE:SNOW) decreased by -$1.76 on Tuesday to finish at $151.10, down -1.15 percent. The last five days have seen an average of 3,473,660 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $7.56. The average number of shares traded over the last 20 days was 4,843,480, while the average volume over the last 50 days totaled 5,676,416.
SNOW stock dropped -17.97% since last month. On 08/14/23, the company’s shares reached a one-month low of $150.07. The stock touched a high of $205.66 on 06/16/23, after rallying from a low of $119.27 in 52 weeks. The price of SNOW stock has risen by 5.27% or $7.56 this year, reaching a new high 10 times. Still, the stock price is down -26.53% 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 2 days ago on Aug 14. On Aug 14, SVP, Product Management Kleinerman Christian sold 1,500 shares at $151.54 each. This transaction resulted in the insider making $227,310. On Aug 10, Dageville Benoit sold 13,182 shares at a price of US$155.41. After the transaction, the insider now owns 41,955 shares. CEO and Chairman Slootman Frank had earlier sold 8,334 shares on Aug 02 for $168.35 a share. The transaction was completed for $1,403,065.
Valuation Metrics
Beta for the stock is 0.79. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 21.96, the price-to-book (PB) ratio of 9.26, and the price-to-cash flow ratio of 82.06.
Financial Health
For the three months ended April 29, Snowflake Inc.’s quick ratio was 2.40, while its current ratio was 2.40, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 65.60% percent. Snowflake Inc.’s operating margin stood at -42.60% for the same period. Based on annual data, it had gross profit of $1.35 billion and revenue of $2.07 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. SNOW’s return on assets (ROA) during the last 12 months has been -11.70%. There was a -15.80% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -15.90%.
Earnings Surprise
According to Snowflake Inc.’s quarterly financial report for the quarter that ended April 29, it had $3.29 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $623.6 million, while revenues rose by 32.27% to $589.01 million. It was predicted that Snowflake Inc.’s quarterly earnings would be $0.15, but it ended up being $0.05. EBITDA was -$247.73 million for the quarter. At the end of Snowflake Inc.’s most recent quarter ended April 29, its liabilities totaled 2.15 billion, while its total debt was $254.84 million. Equity owned by shareholders amounts to $325.9 million.
Technical Picture
Here’s a quick look at Snowflake Inc.’s (SNOW) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 28.47%, suggesting the stock is oversold, with a 38.28% historical volatility rate.
The stochastic %K and %D were 6.26% and 6.16% respectively, while the average true range (ATR) was 6.27. Based on the 14-day stochastic reading of 3.29%, the RSI (14) reading is 34.47%. On the 9-day MACD Oscillator, the stock is at -5.02, and the 14-day reading is at -10.35.
Analyst Ratings
In its most recent analyst report, Exane BNP Paribas raised its rating on Snowflake Inc. (NYSE: SNOW) to a Neutral. Prior to this, analysts firm rated the stock as an Underperform. Analysts have assigned Snowflake Inc. (SNOW) an Overweight rating. SNOW is a stock that is recommended for selling by 1 brokerage firm, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 4 rates it overweight and 25 others recommend it as a buy.
What is SNOW’s price target for the next 12 months?
The current consensus forecast for the stock is between $105.00 and $600.00, with a median target price of $195.00. In analyzing these forecasts, the average price target given by analysts for Snowflake Inc. (SNOW) is $200.55.
