Taking on analysts’ expectations and winning: Snowflake Inc (SNOW)

With 8.26 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.59 shares. The 52-week range on SNOW shows that it touched its highest point at $226.29 and its lowest point at $128.56 during that stretch. It currently has a 1-year price target of $221.77. Beta for the stock currently stands at 1.01.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SNOW was up-trending over the past week, with a rise of 6.64%, but this was up by 18.18% over a month. Three-month performance surged to 47.11% while six-month performance rose 50.48%. The stock gained 46.66% in the past year, while it has gained 17.23% so far this year. A look at the trailing 12-month EPS for SNOW yields -2.68 with Next year EPS estimates of 1.12. For the next quarter, that number is 0.18. This implies an EPS growth rate of 218.17% for this year and 40.34% for next year.

Float and Shares Shorts:

At present, 323.31 million SNOW shares are outstanding with a float of 301.16 million shares on hand for trading. On Jan 31, 2024, short shares totaled 10.9 million, which was 3.32% higher than short shares on Dec 29, 2023. In addition to Mr. Frank Slootman as the firm’s Chairman & CEO, Dr. Benoit Dageville serves as its Co-Founder, President of Product Division & Director.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SNOW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With SNOW analysts setting a high price target of $600.00 and a low target of $120.00, the average target price over the next 12 months is $220.87. Based on these targets, SNOW could surge 157.2% to reach the target high and fall by -48.56% to reach the target low. Reaching the average price target will result in a decline of -5.32% from current levels.

Summary of Insider Activity:

Insiders traded SNOW stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,500 shares were sold. The number of buy transactions has increased to 55 while that of sell transactions has risen to 173 over the past year. The total number of shares bought during that period was 1,451,493 while 1,764,359 shares were sold.