Snowflake Inc (NYSE: SNOW) Is Rated A Buy By Analysts.

In the latest trading session, 1.59 million Snowflake Inc (NYSE:SNOW) shares changed hands as the company’s beta touched 0.91. With the company’s most recent per share price at $158.78 changed hands at -$4.9 or -2.99% at last look, the market valuation stands at $53.06B. SNOW’s current price is a discount, trading about -49.72% off its 52-week high of $237.72. The share price had its 52-week low at $138.40, which suggests the last value was 12.84% up since then. When we look at Snowflake Inc’s average trading volume, we note the 3-month average coming to 6.75 million.

Snowflake Inc (NYSE:SNOW) trade information

Instantly SNOW was in red as seen in intraday trades today. With action 2.31%, the performance over the past five days has been green. The drop to weekly highs of 163.88 subtracted -2.99% to the stock’s daily price. The company’s shares are showing year-to-date downside of -20.21%, with the 5-day performance at 2.31% in the green. However, in the 30-day time frame, Snowflake Inc (NYSE:SNOW) is 2.53% up.

Snowflake Inc (SNOW) estimates and forecasts

Data shows that the Snowflake Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 5.86% over the past 6 months, a -13.27% in annual growth rate that is considerably lower than the industry average of 21.90%. Year-over-year growth is forecast to reach 22.20% up from the last financial year.

Consensus estimates given by 33 financial analysts project the company’s revenue in the current quarter to hit an average of 785.86M. 33 analysts are of the opinion that Snowflake Inc’s revenue for the current quarter will be 826.26M.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -31.70%. The 2024 estimates are for Snowflake Inc earnings to decrease by -4.39%, but the outlook for the next 5-year period is at 18.05% per year.