In today’s recent session, 3.11 million shares of the Snowflake Inc (NYSE:SNOW) have been traded, and its beta is 0.84. Most recently the company’s share price was $111.16, and it changed around -$4.38 or -3.79% from the last close, which brings the market valuation of the company to $37.22B. SNOW at last check was trading at a discount to its 52-week high of $237.72, offering almost -113.85% off that amount. The share price’s 52-week low was $107.93, which indicates that the recent value has risen by an impressive 2.91% since then. We note from Snowflake Inc’s average daily trading volume that its 10-day average is 11.75 million shares, with the 3-month average coming to 7.55 million.
Snowflake Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.76. If we narrow it down even further, the data shows that 2 out of 47 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 12 recommended SNOW as a Hold, whereas 26 deemed it a Buy, and 0 rated it as Underweight. Snowflake Inc is expected to report earnings per share of 0.16 for the current quarter.
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Snowflake Inc (NYSE:SNOW) trade information
Instantly SNOW has been showing red trend so far today with a performance of -3.79% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 123.98 on recent trading dayincreased the stock’s daily price by 10.34%. The company’s shares are currently down -44.14% year-to-date, but still down -17.70% over the last five days. On the other hand, Snowflake Inc (NYSE:SNOW) is -13.75% down in the 30-day period. We can see from the shorts that 11.19 million shares have been sold at a short interest cover period of 2.23 day(s).
The consensus price target as assigned by Wall Street analysts is $195, which translates to bulls needing to increase their stock price by 42.99% from its current value. Analyst projections state that SNOW is forecast to be at a low of $121 and a high of $415.
Snowflake Inc (SNOW) estimates and forecasts
Snowflake Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -51.67 percent over the past six months and at a -41.84% annual growth rate that is well below the industry average of 17.80%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -36.00% in revenue this quarter, and will report a decrease of -62.90% in the next quarter. The year-over-year growth rate is expected to be 25.50%, up from the previous year.
Consensus estimates provided by 34 financial analysts predict the company will bring in an average of 897.61M in revenue for the current quarter. 34 analysts expect Snowflake Inc to make 931.33M in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 20.20%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -31.70%. Snowflake Inc earnings are expected to increase by -38.88% in 2024, but the outlook is positive 10.55% per year for the next five years.
SNOW Dividends
Snowflake Inc’s next quarterly earnings report is expected to be released on 2024-Nov-27.
Snowflake Inc (NYSE:SNOW)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.52% of Snowflake Inc shares, and 62.80% of them are in the hands of institutional investors. The stock currently has a share float of 65.77%. Snowflake Inc stock is held by 1438.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 6.7438% of the shares, which is about 22.5 million shares worth $3.04 billion.
BLACKROCK INC., with 5.0288% or 16.78 million shares worth $2.27 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund were the top two Mutual Funds as of Mar 31, 2024 . The former held 9.31 shares worth $1.04 billion, making up 2.78% of all outstanding shares. On the other hand, Vanguard Extended Market Index Fund held roughly 4.76 shares worth around $531.01 million, which represents about 1.42% of the total shares outstanding.
