Does Snowflake Inc (NYSE:SNOW) Look Expensive At $232.32? Here’s How To Know.

In recent trading session, Snowflake Inc (NYSE:SNOW) saw 3.43 million shares changing hands at last check today with its beta currently measuring 0.99. Company’s recent per share price level of $232.32 trading at $9.42 or 4.22% at last check today assigns it a market valuation of $76.50B. That most recent trading price of SNOW’s stock is at a premium of 2.6% from its 52-week high price of $226.29 and is indicating a premium of 44.66% from its 52-week low price of $128.56. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.57 million shares which gives us an average trading volume of 5.20 million if we extend that period to 3-months.

Snowflake Inc (NYSE:SNOW) trade information

Upright in the green today for gaining 4.22%, in the last five days SNOW remained trading in the green while hitting it’s week-highest on Friday, 02/09/24 when the stock touched $232.32 price level, adding 0.63% to its value on the day. Snowflake Inc’s shares saw a change of 16.74% in year-to-date performance and have moved 6.20% in past 5-day. Snowflake Inc (NYSE:SNOW) showed a performance of 17.69% in past 30-days. Number of shares sold short was 11.12 million shares which calculate 2.53 days to cover the short interests.

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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 49.86% of value to its shares in past 6 months, showing an annual growth rate of 216.00% while that of industry is 20.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 28.60% in the current quarter and calculating 40.00% increase in the next quarter. This year revenue growth is estimated to rise 35.20% from the last financial year’s standing.

33 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $759.1 million for the same. And 29 analysts are in estimates of company making revenue of $805.76 million in the next quarter that will end on Apr 2024.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -40.39% during past 5 years.

SNOW Dividends

Snowflake Inc is more likely to be releasing its next quarterly report on February 28 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.

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