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Why should you keep an eye on Snowflake Inc (SNOW)?

Snowflake Inc (NYSE: SNOW) is -30.92% lower on its value in year-to-date trading and has touched a low of $122.60 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 $141.57 in the last trading session, with the day’s loss setting it -4.11%.

Currently trading at $137.46, the stock is 4.06% and -5.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.53 million and changing -2.90% at the moment leaves the stock -18.43% off its SMA200. SNOW registered -19.43% loss for a year compared to 6-month loss of -27.32%.

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The stock witnessed a 4.10% gain in the last 1 month and extending the period to 3 months gives it a -11.24%, and is -3.72% down 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 2.64% over the week and 3.19% over the month.

Snowflake Inc (SNOW) has around 7004 employees, a market worth around $46.02B and $3.01B in sales. Fwd P/E is 138.16. Profit margin for the company is -30.80%. Distance from 52-week low is 12.12% and -42.18% from its 52-week high. The company has generated returns on investments over the last 12 months (-19.30%).

The EPS is expected to shrink by -35.77% this year.

Snowflake Inc (SNOW) Top Institutional Holders

The shares outstanding are 334.45M, and float is at 308.66M with Short Float at 3.60%.

Snowflake Inc (SNOW) Insider Activity

The most recent transaction is an insider sale by Kleinerman Christian,the company’sEVP, Product Management. SEC filings show that Kleinerman Christian sold 15,000 shares of the company’s common stock on Jul 05 ’24 at a price of $142.98 per share for a total of $2.14 million. Following the sale, the insider now owns 0.73 million shares.

Snowflake Inc disclosed in a document filed with the SEC on Jul 05 ’24 that Briggs Teresa (Director) sold a total of 848 shares of the company’s common stock. The trade occurred on Jul 05 ’24 and was made at $142.98 per share for $0.12 million. Following the transaction, the insider now directly holds 4247.0 shares of the SNOW stock.

Still, SEC filings show that on Jun 26 ’24, Ho Emily (Chief Accounting Officer) disposed off 3,845 shares at an average price of $130.39 for $0.5 million. The insider now directly holds 30,613 shares of Snowflake Inc (SNOW).

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