Snowflake Inc (NYSE: SNOW): Hunting Genuine Value In Market Debris

Currently, there are 334.45M common shares owned by the public and among those 308.65M shares have been available to trade.

The company’s stock has a 5-day price change of 6.82% and -18.81% over the past three months. SNOW shares are trading -33.96% year to date (YTD), with the 12-month market performance down to -10.56% lower. It has a 12-month low price of $107.93 and touched a high of $237.72 over the same period. SNOW has an average intraday trading volume of 6.83 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 5.06%, 1.26%, and -20.35% respectively.

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Institutional ownership of Snowflake Inc (NYSE: SNOW) shares accounts for 60.68% of the company’s 334.45M shares outstanding.

It has a market capitalization of $44.00B and a beta (3y monthly) value of 0.85. The earnings-per-share (ttm) stands at -$2.81. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.33% over the week and 3.91% over the month.

Earnings per share for the fiscal year are expected to decrease by -36.04%, and 57.52% over the next financial year. EPS should grow at an annualized rate of 14.85% 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. Wells Fargo stated their Equal Weight rating for the stock in a research note on August 15, 2024, with the firm’s price target at $200-$130. Exane BNP Paribas coverage for the Snowflake Inc (SNOW) stock in a research note released on May 02, 2024 offered a Outperform rating with a price target of $200. KeyBanc Capital Markets was of a view on April 11, 2024 that the stock is Overweight, while Rosenblatt gave the stock Buy rating on April 05, 2024, issuing a price target of $185. Redburn Atlantic on their part issued Sell rating on March 19, 2024.

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