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Snowflake (SNOW) is a leading software-application business based in the US. It opened the day at $173.84 after a previous close of $165.22. During the day the price has varied from a low of $170.26 to a high of $178.70. The latest price was $178.06 (25 minute delay). Snowflake is listed on the NYSE and employs 5,547 staff. All prices are listed in US Dollars.
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| Open | $173.84 |
|---|---|
| High | $178.70 |
| Low | $170.26 |
| Close | $178.06 |
| Previous close | $165.22 |
| Change | $12.84 |
| Change % | 7.7684% |
| Volume | 8,394,548 |
| 52-week range | $110.27 - $329.49 |
|---|---|
| 50-day moving average | $142.52 |
| 200-day moving average | $154.76 |
| Wall St. target price | $184.62 |
| PE ratio | N/A |
| Dividend yield | $0 (0%) |
| Earnings per share (TTM) | $-2.10 |
Snowflake is a play on the explosive growth of cloud computing and on the need for companies to crunch large amounts of data to feed and grow their businesses. It currently works with more than 200 Fortune 500 companies, who buy its software with the sanction of cloud giants Amazon (AMZN), Microsoft (MSFT) and Alphabet (GOOGLE) – generally seen as a concession that it has better tools.
Those credentials no doubt helped its large Initial public offering last September and drove shares to $429 in early December. The stock pulled back to below $200 in May, and it’s on the rise again after strong results and a raised forecast for this year. In fact, Investors Business Daily reports, the company has made the case to analysts that product revenue will grow from just over $1 billion now to $10 billion in 2028.
Short-term, this is a bet that $429 wasn’t too much to pay for that pace of growth, and $200 looked like a bargain. But with shares between $310 and $320, about the same as the average analyst 12-month estimates, this is really a long-term bet that SNOW delivers on its growth projections and continues to be a leader.
On a macro level, there are increasing signs of a pullback in the market and in tech in particular. Snowflake has risen despite this backdrop, but short-term could be painful if there is a broad retreat.
Longer term, cloud computing should continue to grow and carry its leading stocks upward. The risk with a smaller player like Snowflake is that a giant, say Amazon Web Services or Oracle (ORCL), develops similar tools and squeezes the market for Snowflake’s services. There are smaller competitors as well.
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The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Snowflake would appear to be a longer term buy rather than a short-term trade, with its analyst 12-month price forecast about its current trading price. If they are right, there’s not much to be made over the next year.
If you bought now at around $320 a share and it regained its record price of $429, your $1,000 would be worth $1,250. A 25% gain in a year is solid, but that’s a much better result than analysts expect.
Historical closes compared with the close of $178.055 from 2023-02-02
| 1 week (2023-01-27) | 11.73% |
|---|---|
| 1 month (2022-12-30) | 24.05% |
| 3 months (2022-11-03) | 18.33% |
| 6 months (2022-08-02) | 16.10% |
| 1 year (2022-02-03) | -30.52% |
|---|---|
| 2 years (2021-02-03) | -41.55% |
| 3 years (2020-01-30) | N/A |
| 5 years (2018-01-30) | N/A |
The current stock price matches analysts’ 12 month forecast, meaning the stock is close to what they think is fair value. Snowflake isn’t profitable, so you can’t go by a price-earnings ratio to judge its valuation. Investing in this stock is a bet on growth, not valuation.
| Revenue TTM | $1.9 billion |
|---|---|
| Gross profit TTM | $760.9 million |
| Return on assets TTM | -7.05% |
| Return on equity TTM | -13.85% |
| Profit margin | -38.79% |
| Book value | $16.83 |
| Market capitalisation | $49.2 billion |
TTM: trailing 12 months
We're not expecting Snowflake to pay a dividend over the next 12 months.
You may also wish to consider:
Over the last 12 months, Snowflake's shares have ranged in value from as little as $110.265 up to $329.49. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Snowflake's is 0.7183. This would suggest that Snowflake's shares are less volatile than average (for this exchange).
To put Snowflake's beta into context you can compare it against those of similar companies.
Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019.
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