Snowflake Inc (NYSE: SNOW) is -44.59% lower on its value in year-to-date trading and has touched a low of $107.13 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 $109.96 in the last trading session, with the day’s gains setting it 0.31%.
Currently trading at $110.27, the stock is -7.60% and -12.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.37 million and changing 0.28% at the moment leaves the stock -31.96% off its SMA200. SNOW registered -33.55% loss for a year compared to 6-month loss of -32.05%.
The stock witnessed a -11.37% gain in the last 1 month and extending the period to 3 months gives it a -13.01%, and is -0.13% 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 3.37% over the week and 3.76% over the month.
Snowflake Inc (SNOW) has around 7004 employees, a market worth around $36.96B and $3.21B in sales. Fwd P/E is 120.14. Profit margin for the company is -31.73%. Distance from 52-week low is 2.93% and -53.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.08%).
The EPS is expected to shrink by -38.97% this year.
Snowflake Inc (SNOW) Top Institutional Holders
1430.0 institutions hold shares in Snowflake Inc (SNOW), with institutional investors hold 65.65% of the company’s shares. The shares outstanding are 334.45M, and float is at 309.21M with Short Float at 3.62%. Institutions hold 62.69% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 22.5 million shares valued at $3.04 billion. The investor’s holdings represent 6.7438% of the SNOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 16.78 million shares valued at $2.27 billion to account for 5.0288 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 12.37 million shares representing 3.7072% and valued at over $1.67 billion, while ALTIMETER CAPITAL MANAGEMENT, LP holds 2.8631 of the shares totaling 9.55 million with a market value of $1.29 billion.
Snowflake Inc (SNOW) Insider Activity
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Still, SEC filings show that on Sep 10 ’24, Dageville Benoit (Officer) Proposed Sale 558 shares at an average price of $109.96 for $61358.0. The insider now directly holds shares of Snowflake Inc (SNOW).
