An Important Check-Up On Snowflake Inc (NYSE: SNOW)

Snowflake Inc (SNOW) concluded trading on Wednesday at a closing price of $187.23, with 4.54 million shares of worth about $849.76 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 52.18% during that period and on February 12, 2025 the price saw a gain of about 2.00%. Currently the company’s common shares owned by public are about 330.07M shares, out of which, 305.55M shares are available for trading.

Stock saw a price change of -0.90% in past 5 days and over the past one month there was a price change of 15.27%. Year-to-date (YTD), SNOW shares are showing a performance of 21.26% which decreased to -19.74% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $107.13 but also hit the highest price of $237.72 during that period. The average intraday trading volume for Snowflake Inc shares is 6.80 million. The stock is currently trading 4.04% above its 20-day simple moving average (SMA20), while that difference is up 8.59% for SMA50 and it goes to 32.93% higher than SMA200.

Snowflake Inc (NYSE: SNOW) currently have 330.07M outstanding shares and institutions hold larger chunk of about 62.59% of that.

The stock has a current market capitalization of $61.80B and its 3Y-monthly beta is at 1.07. It has posted earnings per share of -$3.39 in the same period. It has Quick Ratio of 1.85 while making debt-to-equity ratio of 0.89. 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 3.07% while standing at 3.42% over the month.

Stock’s fiscal year EPS is expected to drop by -28.41% while it is estimated to increase by 40.74% in next year. EPS is likely to grow at an annualized rate of 13.17% 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 Cantor Fitzgerald on January 17, 2025 offering an Overweight rating for the stock and assigned a target price of $201 to it. Coverage by Barclays stated Snowflake Inc (SNOW) stock as an Overweight in their note to investors on January 10, 2025, suggesting a price target of $190 for the stock. On January 07, 2025, Wells Fargo Upgrade their recommendations, while on November 25, 2024, Wedbush Upgrade their ratings for the stock with a price target of $190. Stock get a Buy rating from Monness Crespi & Hardt on November 21, 2024.

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