In recent trading session, Snowflake Inc. (NYSE:SNOW) saw 0.57 million shares changing hands at last check today with its beta currently measuring 0. Company’s recent per share price level of $290.21 trading at -$1.55 or -0.53% at last check today assigns it a market valuation of $87.03B. That most recent trading price of SNOW’s stock is at a discount of -39.55% from its 52-week high price of $405.00 and is indicating a premium of 36.35% from its 52-week low price of $184.71. Taking a look at company’s average trading volume of 3.18 million if we extend that period to 3-months.
For Snowflake Inc. (SNOW), analysts’ consensus is at an average recommendation of an Overweight while assigning it a mean rating of 2.30. Splitting up the data highlights that, out of 30 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 13 suggested the stock as a Hold whereas 17 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.02 in the current quarter.
Snowflake Inc. (NYSE:SNOW) trade information
Upright in the red during last session for losing -0.53%, in the last five days SNOW remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $290.21 price level, adding 8.16% to its value on the day. Snowflake Inc.’s shares saw a change of -13.87% in year-to-date performance and have moved -1.79% in past 5-day. Snowflake Inc. (NYSE:SNOW) showed a performance of -16.78% in past 30-days.
Wall Street analysts have assigned a consensus price target of $395.92 to the stock, which implies a rise of 26.7% to its recent value today. Analysts have been projecting $290.00 as a low price target for the stock while placing it at a high target of $575.00. It follows that stock’s current price would drop -98.13% in reaching the projected high whereas dropping to the targeted low would mean a gain of 0.07% for stock’s current value.
Snowflake Inc. (SNOW) estimates and forecasts
Statistics highlight that Snowflake Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added 16.32% of value to its shares in past 6 months, showing an annual growth rate of 95.60% while that of industry is -0.60. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 112.50% in the current quarter and calculating 81.80% increase in the next quarter. This year revenue growth is estimated to rise 104.10% from the last financial year’s standing.
22 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $372.7 million for the same. And 19 analysts are in estimates of company making revenue of $408.78 million in the next quarter that will end on Apr 2022.
In 2022, company’s earnings growth rate is likely to be around -48.60% while estimates for its earnings growth in next 5 years are of -0.14%.
Snowflake Inc. is more likely to be releasing its next quarterly report between March 01 and March 07 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Snowflake Inc. (NYSE:SNOW)’s Major holders
Insiders are in possession of 5.12% of company’s total shares while institution are holding 69.10 percent of that, with stock having share float percentage of 72.83%. Investors also watch the number of corporate investors in a company very closely, which is 69.10% institutions for Snowflake Inc. that are currently holding shares of the company. ICONIQ Capital, LLC is the top institutional holder at SNOW for having 29.66 million shares of worth $8.97 billion. And as of Sep 29, 2021, it was holding 9.68% of the company’s outstanding shares.
The second largest institutional holder is Altimeter Capital Management, LP, which was holding about 21.04 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 6.87% of outstanding shares, having a total worth of $6.36 billion.
On the other hand, Vanguard Total Stock Market Index Fund and Morgan Stanley Inst Fd Inc-Growth Port are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 7.53 million shares of worth $2.28 billion or 2.46% of the total outstanding shares. The later fund manager was in possession of 3.58 million shares on Sep 29, 2021, making its stake of worth around $1.08 billion in the company or a holder of 1.17% of company’s stock.