Snowflake Inc (NYSE: SNOW): The Best-Of-Breed For Investing?

Currently, there are 323.31M common shares owned by the public and among those 303.06M shares have been available to trade.

The company’s stock has a 5-day price change of -3.68% and -22.18% over the past three months. SNOW shares are trading -21.45% year to date (YTD), with the 12-month market performance up to 12.52% higher. It has a 12-month low price of $131.62 and touched a high of $237.72 over the same period. SNOW has an average intraday trading volume of 6.71 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -18.54%, -22.02%, and -11.15% respectively.

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Institutional ownership of Snowflake Inc (NYSE: SNOW) shares accounts for 63.11% of the company’s 323.31M shares outstanding.

It has a market capitalization of $51.47B and a beta (3y monthly) value of 0.95. The earnings-per-share (ttm) stands at -$2.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.68% over the week and 3.60% over the month.

Analysts forecast that Snowflake Inc (SNOW) will achieve an EPS of $0.18 for the current quarter, $0.21 for the next quarter and $1.41 for 2026. The lowest estimate earnings-per-share for the quarter is $0.06 while analysts give the company a high EPS estimate of $0.29. Comparatively, EPS for the current quarter was $0.15 a year ago. Earnings per share for the fiscal year are expected to decrease by -2.91%, and 46.45% over the next financial year. EPS should grow at an annualized rate of 18.05% over the next five years, compared to -31.70% over the past 5-year period.

Macquarie was of a view on February 29, 2024 that the stock is Outperform, while Morgan Stanley gave the stock Equal-Weight rating on February 29, 2024, issuing a price target of $230- $175. HSBC Securities on their part issued Reduce rating on February 29, 2024.

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