Snowflake Inc. (SNOW) 20 Days SMA touches 0.43%: The odds favor the bear

On June 22, 2022, Snowflake Inc. (NYSE: SNOW) opened at $120.87, higher 3.93% from the last session. During the day, the shares moved up to $129.98 and dropped to $120.13 before settling in for the closing price of $122.54. Price fluctuations for SNOW have ranged from $110.26 to $405.00 over the past 52 weeks.


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Company’s average yearly earnings per share was noted -20.90% at the time writing. With a float of $281.26 million, this company’s outstanding shares have now reached $314.36 million.

The firm has a total of 3992 workers. Let’s measure their productivity. In terms of profitability, gross margin is +61.95, operating margin of -58.64, and the pretax margin is -55.52.

Snowflake Inc. (SNOW) Insider Activity

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of Snowflake Inc. is 0.20%, while institutional ownership is 68.80%. The most recent insider transaction that took place on Jun 09, was worth 235,183. In this transaction CEO and Chairman of this company sold 1,727 shares at a rate of $136.18, taking the stock ownership to the 138,551 shares. Before that another transaction happened on Jun 09, when Company’s President of Products sold 727 for $136.18, making the entire transaction worth $99,003. This insider now owns 16,620 shares in total.

Snowflake Inc. (SNOW) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 1/30/2022, the company posted $0.12 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $0.03) by $0.09. This company achieved a net margin of -55.76 while generating a return on equity of -13.62. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.02 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -20.90% per share during the next fiscal year.

Snowflake Inc. (NYSE: SNOW) Trading Performance Indicators

Check out the current performance indicators for Snowflake Inc. (SNOW). In the past quarter, the stock posted a quick ratio of 3.20. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 27.47. Likewise, its price to free cash flow for the trailing twelve months is 151.80.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.10, a number that is poised to hit -0.02 in the next quarter and is forecasted to reach 0.39 in one year’s time.

Technical Analysis of Snowflake Inc. (SNOW)

Analysing the last 5-days average volume posted by the [Snowflake Inc., SNOW], we can find that recorded value of 6.69 million was better than the volume posted last year of 6.49 million. As of the previous 9 days, the stock’s Stochastic %D was 43.62%. Additionally, its Average True Range was 10.62.

During the past 100 days, Snowflake Inc.’s (SNOW) raw stochastic average was set at 7.80%, which indicates a significant decrease from 56.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.71% in the past 14 days, which was lower than the 88.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $152.31, while its 200-day Moving Average is $264.71. Now, the first resistance to watch is $131.52. This is followed by the second major resistance level at $135.67. The third major resistance level sits at $141.37. If the price goes on to break the first support level at $121.67, it is likely to go to the next support level at $115.97. Should the price break the second support level, the third support level stands at $111.82.

Snowflake Inc. (NYSE: SNOW) Key Stats

There are currently 314,600K shares outstanding in the company with a market cap of 38.81 billion. Presently, the company’s annual sales total 1,219 M according to its annual income of -679,950 K. Last quarter, the company’s sales amounted to 422,370 K and its income totaled -165,790 K.

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