Snowflake Stock Price on May 3, 2024
| SNOW Stock | USD 156.16 1.58 1.02% |
If you're considering investing in Snowflake Stock, it is important to understand the factors that can impact its price. As of today, the current price of Snowflake stands at 156.16, as last reported on the 28th of May, with the highest price reaching 159.00 and the lowest price hitting 154.11 during the day. Snowflake owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.19, which indicates the firm had a -0.19% return per unit of risk over the last 3 months. Snowflake exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Snowflake's Risk Adjusted Performance of (0.09), variance of 8.92, and Coefficient Of Variation of (587.33) to confirm the risk estimate we provide.
At this time, Snowflake's Liabilities And Stockholders Equity is fairly stable compared to the past year. Stock Based Compensation is likely to climb to about 1.2 B in 2024, whereas Common Stock Total Equity is likely to drop slightly above 23.9 K in 2024. . At this time, Snowflake's Price Book Value Ratio is fairly stable compared to the past year. Price To Operating Cash Flows Ratio is likely to climb to 75.82 in 2024, whereas Price Earnings Ratio is likely to drop (80.59) in 2024. Snowflake Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Snowflake |
Sharpe Ratio = -0.1862
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| Negative Returns | SNOW |
Estimated Market Risk
| 3.03 actual daily | 26 74% of assets are more volatile |
Expected Return
| -0.56 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.19 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Snowflake is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Snowflake by adding Snowflake to a well-diversified portfolio.
Price Book 10.2293 | Enterprise Value Ebitda (50.71) | Price Sales 18.8815 | Shares Float 302.6 M | Wall Street Target Price 216.28 |
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Snowflake Valuation on May 3, 2024
It is possible to determine the worth of Snowflake on a given historical date. On May 3, 2024 Snowflake was worth 161.0 at the beginning of the trading date compared to the closed value of 159.32. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Snowflake stock. Still, in general, we apply an absolute valuation method to find Snowflake's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Snowflake where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Snowflake's related companies.
| Open | High | Low | Close | Volume | |
| 158.01 | 159.39 | 154.29 | 157.77 | 2,668,094 | |
05/03/2024 | 161.00 | 161.38 | 157.69 | 159.32 | 3,656,737 |
| 160.11 | 163.88 | 159.38 | 163.68 | 3,198,506 |
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Snowflake Trading Date Momentum on May 3, 2024
| On May 06 2024 Snowflake was traded for 163.68 at the closing time. The top price for the day was 163.88 and the lowest listed price was 159.38 . The trading volume for the day was 3.2 M. The trading history from May 6, 2024 was a factor to the next trading day price increase. The trading price change against the next closing price was 2.74% . The trading price change against the current closing price is 0.80% . |
Snowflake Fundamentals Correlations and Trends
By evaluating Snowflake's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Snowflake's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Snowflake financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Snowflake Stock history
Snowflake investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Snowflake is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Snowflake will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Snowflake stock prices may prove useful in developing a viable investing in Snowflake
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 328 M | 292.4 M | |
| Net Loss | -717 M | -752.9 M |
Snowflake Quarterly Net Working Capital |
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Snowflake Stock Technical Analysis
Snowflake technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Snowflake Period Price Range
Low | May 3, 2024
| High |
161.00 | 159.32 |
Snowflake May 28, 2024 Market Strength
Market strength indicators help investors to evaluate how Snowflake stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snowflake shares will generate the highest return on investment. By undertsting and applying Snowflake stock market strength indicators, traders can identify Snowflake entry and exit signals to maximize returns
| Accumulation Distribution | 83612.34 | |||
| Daily Balance Of Power | (0.46) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 159.54 | |||
| Day Typical Price | 159.46 | |||
| Price Action Indicator | (1.06) | |||
| Period Momentum Indicator | (3.16) |
Snowflake Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Snowflake's price direction in advance. Along with the technical and fundamental analysis of Snowflake Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Snowflake to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.57) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | (0.37) |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Snowflake. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. For more information on how to buy Snowflake Stock please use our How to Invest in Snowflake guide.You can also try the CEOs Directory module to screen CEOs from public companies around the world.
Complementary Tools for Snowflake Stock analysis
When running Snowflake's price analysis, check to measure Snowflake's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snowflake is operating at the current time. Most of Snowflake's value examination focuses on studying past and present price action to predict the probability of Snowflake's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowflake's price. Additionally, you may evaluate how the addition of Snowflake to your portfolios can decrease your overall portfolio volatility.
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Is Snowflake's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Snowflake. If investors know Snowflake will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Snowflake listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (2.80) | Revenue Per Share 9.116 | Quarterly Revenue Growth 0.329 | Return On Assets (0.1) | Return On Equity (0.19) |
The market value of Snowflake is measured differently than its book value, which is the value of Snowflake that is recorded on the company's balance sheet. Investors also form their own opinion of Snowflake's value that differs from its market value or its book value, called intrinsic value, which is Snowflake's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Snowflake's market value can be influenced by many factors that don't directly affect Snowflake's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Snowflake's value and its price as these two are different measures arrived at by different means. Investors typically determine if Snowflake is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Snowflake's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.