In the latest trading session, 3.0 million Snowflake Inc (NYSE:SNOW) shares changed hands as the company’s beta touched 1.02. With the company’s most recent per share price at $183.61 changing hands around $7.67 or 4.36% at last look, the market valuation stands at $60.61B. SNOW’s current price is a discount, trading about -29.47% off its 52-week high of $237.72. The share price had its 52-week low at $107.13, which suggests the last value was 41.65% up since then. When we look at Snowflake Inc’s average trading volume, we note the 10-day average is 14.13 million shares, with the 3-month average coming to 7.04 million.

Analysts gave the Snowflake Inc (SNOW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.76. If we narrow down to specifics, the data shows that 1 out of 39 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 9 recommended SNOW as a Hold, 29 felt it is a Buy and 0 rated the stock as Underweight.

Snowflake Inc (NYSE:SNOW) trade information

Instantly SNOW is in green as seen in intraday trades today. With action 7.20%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -7.73%, with the 5-day performance at 7.20% in the green. However, in the 30-day time frame, Snowflake Inc (NYSE:SNOW) is 61.43% up. Looking at the short shares, we see there were 11.77 million shares sold at short interest cover period of 2.42 days.

The consensus price target for the stock as assigned by Wall Street analysts is 169, meaning bulls need a downside of -8.64% from its recent market value. According to analyst projections, SNOW’s forecast low is 121 with 200 as the target high. To hit the forecast high, the stock’s price needs a -8.93% plunge from its current level, while the stock would need to tank 34.1% for it to hit the projected low.

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 36.73% over the past 6 months, a -30.61% in annual growth rate that is considerably lower than the industry average of 24.90%.

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 -28.39%, but the outlook for the next 5-year period is at 14.00% per year.

SNOW Dividends

Snowflake Inc is expected to release its next quarterly earnings report in January.

Snowflake Inc (NYSE:SNOW)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 4.58% of Snowflake Inc shares while 61.43% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 64.38%. There are 61.43% institutions holding the Snowflake Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.7438% of the shares, roughly 22.5 million SNOW shares worth $3.04 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.0288% or 16.78 million shares worth $2.27 billion as of 2024-06-30.

Among Mutual Funds, the top two as of Jun 30, 2024 were Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund. With 9.52 shares estimated at $1.75 billion under it, the former controlled 2.88% of total outstanding shares. On the other hand, Vanguard Extended Market Index Fund held about 1.54% of the shares, roughly 5.07 shares worth around $929.64 million.