Snowflake Inc (NYSE: SNOW) is -20.71% lower on its value in year-to-date trading and has touched a low of $138.40 and a high of $237.72 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The SNOW stock was last observed hovering at around $159.09 in the last trading session, with the day’s loss setting it -1.31%.
Currently trading at $157.78, the stock is 2.17% and -2.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing -0.82% at the moment leaves the stock -8.35% off its SMA200. SNOW registered -1.65% loss for a year compared to 6-month gain of 9.42%.
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The stock witnessed a 1.41% loss in the last 1 month and extending the period to 3 months gives it a -27.70%, and is 1.05% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.36% over the week and 2.61% over the month.
Snowflake Inc (SNOW) has around 7004 employees, a market worth around $52.73B and $2.81B in sales. Fwd P/E is 115.93. Profit margin for the company is -29.79%. Distance from 52-week low is 14.00% and -33.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-15.39%).
The EPS is expected to shrink by -4.39% this year
The shares outstanding are 334.45M, and float is at 308.01M with Short Float at 3.27%.
Snowflake Inc (SNOW) Insider Activity
The most recent transaction is an insider sale by Degnan Christopher William, the company’s Chief Revenue Officer. SEC filings show that Degnan Christopher William sold 12,782 shares of the company’s common stock on May 01 ’24 at a price of $156.56 per share for a total of $2.0 million. Following the sale, the insider now owns 0.35 million shares.
Snowflake Inc disclosed in a document filed with the SEC on Apr 15 ’24 that Kleinerman Christian (EVP, Product Management) sold a total of 1,500 shares of the company’s common stock. The trade occurred on Apr 15 ’24 and was made at $156.38 per share for $0.23 million. Following the transaction, the insider now directly holds 0.77 million shares of the SNOW stock.
Still, SEC filings show that on Mar 25 ’24, Ramaswamy Sridhar (Chief Executive Officer) acquired 31,542 shares at an average price of $158.52 for $5.0 million. The insider now directly holds 31,542 shares of Snowflake Inc (SNOW).
