In today’s recent session, 1.69 million shares of the Snowflake Inc. (NYSE:SNOW) were traded. Most recently the company’s share price was $127.44, and it changed around $4.9 or 4.00% from the last close, which brings the market valuation of the company to $37.35B. SNOW at last check was trading at a discount to its 52-week high of $405.00, offering almost -217.8% off that amount. The share price’s 52-week low was $110.26, which indicates that the recent value has risen by an impressive 13.48% since then. We note from Snowflake Inc.’s average daily trading volume that its 3-month average coming to 7.26 million.
Snowflake Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.10. If we narrow it down even further, the data shows that 1 out of 33 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 8 recommended SNOW as a Hold, whereas 22 deemed it a Buy, and 0 rated it as Underweight. Snowflake Inc. is expected to report earnings per share of $0.01 for the current quarter.
Snowflake Inc. (NYSE:SNOW) trade information
Instantly SNOW has been showing a green trend so far today with a performance of 4.00% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 127.30 on Tuesday, 06/21/22 decreased the stock’s daily price by -0.11%. The company’s shares are currently down -63.83% year-to-date, but still up 8.16% over the last five days. On the other hand, Snowflake Inc. (NYSE:SNOW) is -16.54% up in the 30-day period.
Snowflake Inc. (SNOW) estimates and forecasts
Snowflake Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -63.13 percent over the past six months and at a 600.00% annual growth rate that is well above the industry average of 4.10%. Moreover, analysts have decided to roll up on their fiscal year 2022 revenue estimates. The rating firms predict that it will gain 109.10% in revenue this quarter, and will report an increase of 150.00% in the next quarter. The year-over-year growth rate is expected to be 66.20%, up from the previous year.
Consensus estimates provided by 24 financial analysts predict the company will bring in an average of $412.76 million in revenue for the current quarter. 24 analysts expect Snowflake Inc. to make $466.6 million in revenue for the quarter ending Jul 2022.
Snowflake Inc.’s next quarterly earnings report is expected to be released around March 01 and March 07.
Snowflake Inc. (NYSE:SNOW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 10.59% of Snowflake Inc. shares, and 68.65% of them are in the hands of institutional investors. The stock currently has a share float of 76.78%. Snowflake Inc. stock is held by 1,180 institutions, with ICONIQ Capital, LLC being the largest institutional investor. By Dec 30, 2021, it held 7.98% of the shares, which is about 25.1 million shares worth $8.5 billion.
Altimeter Capital Management, LP, with 5.40% or 17.0 million shares worth $5.76 billion as of Dec 30, 2021, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Morgan Stanley Inst Fd Inc-Growth Port were the top two Mutual Funds as of Dec 30, 2021. The former held 7.7 million shares worth $2.61 billion, making up 2.45% of all outstanding shares. On the other hand, Morgan Stanley Inst Fd Inc-Growth Port held roughly 3.51 million shares worth around $1.19 billion, which represents about 1.12% of the total shares outstanding.