In the latest trading session,, 0.89 million Snowflake Inc (NYSE:SNOW) shares changed hands as the company’s beta touched 1.15. With the company’s most recent per share price at $183.27 changing hands around $1.22 or 0.67% at last look, the market valuation stands at $61.15B. SNOW’s current price is a discount, trading about -6.07% off its 52-week high of $194.40. The share price had its 52-week low at $107.13, which suggests the last value was 41.55% up since then. When we look at Snowflake Inc’s average trading volume, we note the 10-day average is 3.38 million shares, with the 3-month average coming to 5.32 million.
Analysts gave the Snowflake Inc (SNOW) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.51. 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’s EPS for the current quarter is expected to be 0.21.
Snowflake Inc (NYSE:SNOW) trade information
Instantly SNOW is in green as seen in intraday trades today. With action 1.24%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 18.69%, with the 5-day performance at 1.24% in the green. However, in the 30-day time frame, Snowflake Inc (NYSE:SNOW) is 33.77% up. Looking at the short shares, we see there were 9.41 million shares sold at short interest cover period of 1.96 days.
The consensus price target for the stock as assigned by Wall Street analysts is 207.5, meaning bulls need an upside of 11.68% from its recent market value. According to analyst projections, SNOW’s forecast low is 183 with 210 as the target high. To hit the forecast high, the stock’s price needs a -14.59% plunge from its current level, while the stock would need to tank 0.15% for it to hit the projected low.
Snowflake Inc (SNOW) estimates and forecasts
Year-over-year growth is forecast to reach 23.00% up from the last financial year.
Consensus estimates given by 38 financial analysts project the company’s revenue in the current quarter to hit an average of 1.01B. 38 analysts are of the opinion that Snowflake Inc’s revenue for the current quarter will be 1.07B. The company’s revenue for the corresponding quarters a year ago was 828.71M and 868.82M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 21.29%. The estimates for the next quarter sales put growth at 22.65%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -25.13%. The 2025 estimates are for Snowflake Inc earnings to increase by 41.20%, but the outlook for the next 5-year period is at 37.92% per year.
SNOW Dividends
Snowflake Inc is expected to release its next quarterly earnings report on 2025-Feb-25.
Snowflake Inc (NYSE:SNOW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.47% of Snowflake Inc shares while 69.09% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 72.32%. There are 69.09% institutions holding the Snowflake Inc stock share, with VANGUARD GROUP INC the top institutional holder. As of 2024-06-30, the company held 6.7339% of the shares, roughly 22.5 million SNOW shares worth $3.04 billion.
BLACKROCK INC. holds the second largest percentage of outstanding shares, with 5.0214% or 16.78 million shares worth $2.27 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . With 9.32 shares estimated at $1.7 billion under it, the former controlled 2.79% of total outstanding shares. On the other hand, VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund held about 1.52% of the shares, roughly 5.08 shares worth around $927.75 million.
