As of Thursday close, Snowflake Inc.’s (NYSE:SNOW) stock was up $1.51, moving up 0.97 percent to $156.85. The average number of shares traded per day over the past five days has been 4,875,100 shares. 4 times new highs have been achieved over the past 5 days, with a $9.18 gain in that time frame. In the last twenty days, the average volume was 5,656,860, while in the previous 50 days, it was 5,658,062.
Since last month, SNOW stock retreated -4.71%. Shares of the company fell to $142.40 on 08/18/23, the lowest level in the past month. A 52-week high of $203.62 was reached on 06/16/23 after having rallying from a 52-week low of $119.27. Since the beginning of this year, SNOW’s stock price has risen by 9.27% or $13.31, and marked a new high 10 times. However, the stock has declined by -22.97% since its 52-week high.
SNOW stock investors should be aware that Snowflake Inc. (SNOW) stock had its last reported insider trading activity 2 days ago on Aug 30. Slootman Frank, the CEO and Chairman of the company, disposed of 8,334 shares for $154.50 on Aug 30. It resulted in a $1,287,637 divestment by the insider. Slootman Frank sold 524 shares at an average price of $151.95 on Aug 21. The insider now owns 185,683 shares following the transaction. On Aug 17, CEO and Chairman Slootman Frank sold 30 shares at $150.48 apiece. The transaction was valued at $4,514.
Valuation Metrics
The stock’s beta is 0.78. Besides these, the trailing price-to-sales (P/S) ratio of 20.25, the price-to-book (PB) ratio of 9.62, and the price-to-cash flow ratio of 99.81 may also be considered.
Financial Health
In the three months ended July 30, Snowflake Inc.’s quick ratio stood at 2.40, while its current ratio was 2.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 66.30% percent. In the year ended July 30, EBITDA margin amounted to -37.44%, whereas operating margins totaled -36.00%. Based on annual data, SNOW earned $1.35 billion in gross profit and brought in $2.07 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -15.80%. Return on equity (ROE) for the past 12 months was -14.80%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SNOW’s revenue rose 32.27% to $589.01 million during the quarter, while net income inched up to $623.6 million. While analysts expected Snowflake Inc. to report $0.1 quarterly earnings, the actual figure was $0.22 per share. During the quarter, the company generated -$247.73 million in EBITDA. The liabilities of Snowflake Inc. were 2.15 billion at the end of its most recent quarter ended July 30, and its total debt was $296.85 million. The value of shareholders’ equity is $325.9 million.
Technical Picture
This quick technical analysis looks at Snowflake Inc.’s (SNOW) price momentum. With a historical volatility rate of 42.31%, the RSI 9-day stood at 53.75% on 31 August.
With respect to its five-day moving average, the current Snowflake Inc. price is up by +6.22% percent or $9.18. At present, SNOW shares trade -2.61% below its 20-day simple moving average and +6.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately -9.54% below its SMA50 and -1.61% below its SMA200.
Stochastic coefficient K was 65.35% and Stochastic coefficient D was 54.55%, while ATR was 6.04. Given the Stochastic reading of 73.99% for the 14-day period, the RSI (14) reading has been calculated as 48.90%. As of today, the MACD Oscillator reading stands at 2.43, while the 14-day reading stands at 3.53.
Analyst Ratings
Exane BNP Paribas upgraded its rating on Snowflake Inc. (NYSE: SNOW) to a Neutral in a note to investors on July 19, 2023. The analysts firm previously had an Underperform rating on the stock.Snowflake Inc. (SNOW) has been rated Overweight by analysts. According to 1 brokerage firm, SNOW is a sell, and 15 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 4 analysts rate Snowflake Inc. stock as buy, with 25 recommending it as overweight.
With a median target price of $195.00, the current consensus forecast for the stock is $105.00 – $600.00. Based on these forecasts, analysts predict Snowflake Inc. (SNOW) will achieve an average price target of $198.18.
