Gains May Be On The Menu For Snowflake Inc (NYSE: SNOW)

Currently, there are 334.45M common shares owned by the public and among those 307.94M shares have been available to trade.

However, the script later moved the day high at 160.52, down -4.15%. The company’s stock has a 5-day price change of -1.86% and -20.54% over the past three months. SNOW shares are trading -23.63% year to date (YTD), with the 12-month market performance up to 7.50% higher. It has a 12-month low price of $135.26 and touched a high of $237.72 over the same period. SNOW has an average intraday trading volume of 7.13 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 -3.37%, -18.08%, and -12.73% respectively.

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Institutional ownership of Snowflake Inc (NYSE: SNOW) shares accounts for 62.09% of the company’s 334.45M shares outstanding.

It has a market capitalization of $50.79B and a beta (3y monthly) value of 0.90. 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 2.64% over the week and 2.74% over the month.

Earnings per share for the fiscal year are expected to decrease by -4.15%, and 45.32% 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.

Looking at the support for the SNOW, a number of firms have released research notes about the stock. KeyBanc Capital Markets stated their Overweight rating for the stock in a research note on April 11, 2024, with the firm’s price target at $185. Rosenblatt coverage for the Snowflake Inc (SNOW) stock in a research note released on April 05, 2024 offered a Buy rating with a price target of $185. Guggenheim on their part issued Neutral rating on March 15, 2024.

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