Snowflake Inc (SNOW) concluded trading on Wednesday at a closing price of $125.62, with 5.98 million shares of worth about $750.97 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -38.89% during that period and on July 24, 2024 the price saw a loss of about -5.26%. Currently the company’s common shares owned by public are about 334.45M shares, out of which, 308.65M shares are available for trading.
Stock saw a price change of -7.02% in past 5 days and over the past one month there was a price change of 0.66%. Year-to-date (YTD), SNOW shares are showing a performance of -36.87% which decreased to -28.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $122.60 but also hit the highest price of $237.72 during that period. The average intraday trading volume for Snowflake Inc shares is 6.38 million. The stock is currently trading -7.35% below its 20-day simple moving average (SMA20), while that difference is down -10.35% for SMA50 and it goes to -25.05% lower than SMA200.
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Snowflake Inc (NYSE: SNOW) currently have 334.45M outstanding shares and institutions hold larger chunk of about 59.74% of that.
The stock has a current market capitalization of $42.06B and its 3Y-monthly beta is at 0.84. It has posted earnings per share of -$2.81 in the same period. It has Quick Ratio of 1.67 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 3.43% while standing at 3.44% over the month.
Stock’s fiscal year EPS is expected to drop by -35.89% while it is estimated to increase by 57.35% in next year. EPS is likely to grow at an annualized rate of 14.85% for next 5-years, compared to annual growth of -31.70% made by the stock over the past 5-years.
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 Exane BNP Paribas on May 02, 2024 offering an Outperform rating for the stock and assigned a target price of $200 to it. Coverage by KeyBanc Capital Markets stated Snowflake Inc (SNOW) stock as an Overweight in their note to investors on April 11, 2024, suggesting a price target of $185 for the stock. On April 05, 2024, Rosenblatt Upgrade their recommendations, while on March 19, 2024, Redburn Atlantic Downgrade their ratings for the stock with a price target of $125. Stock get a Neutral rating from Monness Crespi & Hardt on March 18, 2024.
