Snowflake Inc (NYSE: SNOW) is -13.79% 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 $180.76 in the last trading session, with the day’s loss setting it -9.21%.
Currently trading at $171.55, the stock is 7.82% and 27.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.55 million and changing -5.10% at the moment leaves the stock 23.41% off its SMA200. SNOW registered -10.03% loss for a year compared to 6-month loss of 33.52%. The firm has a 50-day simple moving average (SMA 50) of $133.058 and a 200-day simple moving average (SMA200) of $139.3027.
The stock witnessed a 41.91% gain in the last 1 month and extending the period to 3 months gives it a 53.17%, and is -2.50% 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 4.10% over the week and 4.09% over the month.
Snowflake Inc (SNOW) has around 7004 employees, a market worth around $56.63B and $3.41B in sales. Fwd P/E is 173.00. Profit margin for the company is -33.02%. Distance from 52-week low is 60.13% and -27.84% from its 52-week high. The company has generated returns on investments over the last 12 months (-20.55%).
with sales reaching $955.73M over the same period.The EPS is expected to shrink by -28.41% this year, but quarterly earnings will post 27.78% year-over-year. Quarterly sales are estimated to grow 23.37% in year-over-year returns.
Snowflake Inc (SNOW) Top Institutional Holders
1350.0 institutions hold shares in Snowflake Inc (SNOW), with institutional investors hold 64.38% of the company’s shares. The shares outstanding are 330.07M, and float is at 305.28M with Short Float at 4.33%. Institutions hold 61.43% 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 Dec 10 ’24, Slootman Frank (Director) Proposed Sale 1,712 shares at an average price of $179.00 for $0.31 million. The insider now directly holds shares of Snowflake Inc (SNOW).
