Snowflake Inc (NYSE:SNOW) price on current trading day, fall -2.72% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $147.04.
A look at the stock’s price movement, the level at last check in today’s session was $151.15, moving within a range at $144.76 and $148.78. The beta value (5-Year monthly) was 1.132. Turning to its 52-week performance, $194.40 and $107.13 were the 52-week high and 52-week low respectively. Overall, SNOW moved -3.50% over the past month.
Snowflake Inc’s market cap currently stands at around $49.13 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-25.
Analysts have a consensus estimate of 1.01B for the company’s revenue for the quarter, with a low and high estimate of 997.7M and 1.03B respectively. The average forecast suggests up to a 21.45% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 4.48B, representing a 23.62% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SNOW is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in Hold category.
39 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 9 analyst(s) rate the stock as a Hold, 29 recommend SNOW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SNOW’s current price about -2.45% and -11.18% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 46.01, while 7-day volatility ratio is 10.40% and 5.26% in the 30-day chart. Further, Snowflake Inc (SNOW) has a beta value of 1.11, and an average true range (ATR) of 9.87. Analysts have given the company’s stock an average 52-week price target of $196.5, forecast between a low of $140 and high of $210. Looking at the price targets, the low is 4.79% off recent price level in today’s trading while to achieve the yearly target high, it has to move -42.82%. Nonetheless, investors will most likely welcome a -33.64% jump to $196.5 which is the analysts’ median price.
If we refocus on Snowflake Inc (NYSE:SNOW), historical trading data shows that trading volumes averaged 6.37 over the past 10 days and 6.10 million over the past 3 months. The company’s latest data on shares outstanding shows there are 333.87 million shares.
The 6.85% of Snowflake Inc’s shares are in the hands of company insiders while institutional holders own 62.25% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 11.03 million on 2025-03-14, giving us a short ratio of 1.37. The data shows that as of 2025-03-14 short interest in Snowflake Inc (SNOW) stood at 340.99999999999994 of shares outstanding, with shares short rising to 9.84 million registered in 2025-02-14. Current price change has pushed the stock -4.77% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SNOW stock continues to rise going into the next quarter.
