Snowflake Inc (SNOW) concluded trading on Thursady at a closing price of $225.62, with 5.83 million shares of worth about $1.32 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 47.87% during that period and on Thursady the price saw a gain of about 4.35%. Currently the company’s common shares owned by public are about 323.31M shares, out of which, 303.57M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 228 times over the past 12 months. They bought 1,451,493 shares in 55 of the transactions. In 173 selling transactions, insiders dumped 1,764,359 shares.
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Stock saw a price change of -4.40% in past 5 days and over the past one month there was a price change of 9.75%. Year-to-date (YTD), SNOW shares are showing a performance of 13.38% which increased to 49.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $128.56 but also hit the highest price of $237.72 during that period. The average intraday trading volume for Snowflake Inc shares is 5.39 million. The stock is currently trading 3.95% above its 20-day simple moving average (SMA20), while that difference is up 10.81% for SMA50 and it goes to 29.41% higher than SMA200.
Snowflake Inc (NYSE: SNOW) currently have 323.31M outstanding shares and institutions hold larger chunk of about 63.10% of that.
The stock has a current market capitalization of $74.30B and its 3Y-monthly beta is at 0.98. It has posted earnings per share of -$2.68 in the same period. It has Quick Ratio of 2.08 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SNOW, volatility over the week remained 3.47% while standing at 3.82% over the month.
Analysts are in expectations that Snowflake Inc (SNOW) stock would likely to be making an EPS of $0.18 in the current quarter, while forecast for next quarter EPS is $0.21 and it is $1.14 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.04 which is $0.27 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.14 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 219.60% while it is estimated to increase by 40.77% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by HSBC Securities on February 15, 2024 offering a Hold rating for the stock and assigned a target price range of between $212 and $214 to it. Coverage by Barclays stated Snowflake Inc (SNOW) stock as an Equal weight in their note to investors on January 12, 2024, suggesting a price target of $198 for the stock. On January 05, 2024, RBC Capital Mkts Initiated their recommendations, while on January 04, 2024, Monness Crespi & Hardt Downgrade their ratings for the stock with a price target of $160. Stock get an Outperform rating from Oppenheimer on November 30, 2023.
