As of Wednesday close, Snowflake Inc.’s (NYSE:SNOW) stock was down -$1.11, moving down -0.69 percent to $158.63. The average number of shares traded per day over the past five days has been 4,037,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$6.71 fall in that time frame. In the last twenty days, the average volume was 5,045,505, while in the previous 50 days, it was 4,980,490.
Since last month, SNOW stock rose 4.44%. Shares of the company fell to $145.40 on 08/24/23, the lowest level in the past month. A 52-week high of $193.94 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 10.51% or $15.09, and marked a new high 10 times. However, the stock has declined by -18.21% since its 52-week high.
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SNOW stock investors should be aware that Snowflake Inc. (SNOW) stock had its last reported insider trading activity 7 days ago on Sep 14. Kleinerman Christian, the SVP, Product Management of the company, disposed of 1,500 shares for $166.00 on Sep 14. It resulted in a $249,000 divestment by the insider. Slootman Frank sold 8,334 shares at an average price of $165.35 on Sep 13. The insider now owns 182,913 shares following the transaction. On Sep 11, President of Products Dageville Benoit sold 13,740 shares at $166.27 apiece. The transaction was valued at $2,284,550.
Valuation Metrics
The stock’s beta is 0.77. Besides these, the trailing price-to-sales (P/S) ratio of 21.48, the price-to-book (PB) ratio of 9.82, and the price-to-cash flow ratio of 88.22 may also be considered.
Financial Health
In the three months ended July 30, Snowflake Inc.’s quick ratio stood at 2.30, while its current ratio was 2.30, 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 -41.70%. 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 -16.10%.
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 26.18% to $623.6 million during the quarter, while net income inched up to $673.63 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 -$255.6 million in EBITDA. The liabilities of Snowflake Inc. were 2.21 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 $329.7 million.
Technical Picture
This quick technical analysis looks at Snowflake Inc.’s (SNOW) price momentum. With a historical volatility rate of 28.59%, the RSI 9-day stood at 44.83% on 20 September.
With respect to its five-day moving average, the current Snowflake Inc. price is down by -4.06% percent or -$6.71. At present, SNOW shares trade +3.97% above its 20-day simple moving average and +6.63% percent above its 100-day simple moving average. However, the stock is currently trading approximately -7.80% below its SMA50 and +2.98% above its SMA200.
Stochastic coefficient K was 40.54% and Stochastic coefficient D was 50.27%, while ATR was 4.91. Given the Stochastic reading of 27.87% for the 14-day period, the RSI (14) reading has been calculated as 47.24%. As of today, the MACD Oscillator reading stands at -3.78, while the 14-day reading stands at -1.78.
Analyst Ratings
HSBC Securities launched its rating on Snowflake Inc. (NYSE: SNOW) to a Buy in a note to investors on September 15, 2023. Snowflake Inc. (SNOW) has been rated Overweight by analysts. According to 1 brokerage firm, SNOW is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 5 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 $198.98.
