Is Snowflake Stock a Good Investment?
Snowflake Investment Advice | SNOW |
- Examine Snowflake's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Snowflake's leadership team and their track record. Good management can help Snowflake navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Internet Services & Infrastructure space and any emerging trends that could impact Snowflake's business and its evolving consumer preferences.
- Compare Snowflake's performance and market position to its competitors. Analyze how Snowflake is positioned in terms of product offerings, innovation, and market share.
- Check if Snowflake pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Snowflake's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Snowflake stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Snowflake is a good investment.
Sell | Buy |
Cautious Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Below Average | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Impartial | Details | |
Analyst Consensus | Strong Buy | Details | |
Reporting Quality (M-Score) | Unavailable | Details |
Examine Snowflake Stock
Researching Snowflake's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 65.0% of the company shares are owned by institutional investors. The company recorded a loss per share of 2.55. Snowflake had not issued any dividends in recent years. The entity had a split on the 12th of December 2013.
To determine if Snowflake is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Snowflake's research are outlined below:
| Snowflake generated a negative expected return over the last 90 days | |
| Snowflake has high historical volatility and very poor performance | |
| The company reported the previous year's revenue of 2.81 B. Net Loss for the year was (836.1 M) with profit before overhead, payroll, taxes, and interest of 1.35 B. | |
| About 65.0% of the company shares are owned by institutional investors | |
| Latest headline from businesswire.com: The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Snowflake Inc. |
Snowflake Quarterly Gross Profit |
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Snowflake uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Snowflake. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Snowflake's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 6th of March 2024 Upcoming Quarterly Report | View | |
| 22nd of May 2024 Next Financial Report | View | |
| 31st of January 2024 Next Fiscal Quarter End | View | |
| 6th of March 2024 Next Fiscal Year End | View | |
| 31st of October 2023 Last Quarter Report | View | |
| 31st of January 2023 Last Financial Announcement | View |
Earnings surprises can significantly impact Snowflake's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Snowflake's investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2021-08-25 | 2021-06-30 | -0.15 | -0.11 | 0.04 | 26 | ||
2021-05-26 | 2021-03-31 | -0.1602 | -0.1147 | 0.0455 | 28 | ||
2021-05-26 | 2021-04-30 | -0.16 | -0.11 | 0.05 | 31 | ||
2022-11-30 | 2022-10-31 | 0.04 | 0.11 | 0.07 | 175 | ||
2022-08-24 | 2022-07-31 | -0.01 | -0.08 | -0.07 | 700 | ||
2022-05-25 | 2022-04-30 | 0.01 | 0.08 | 0.07 | 700 | ||
2023-11-29 | 2023-10-31 | 0.16 | 0.25 | 0.09 | 56 | ||
2022-03-02 | 2022-01-31 | 0.03 | 0.12 | 0.09 | 300 |
Snowflake Target Price Consensus
We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Snowflake target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Snowflake's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
| 47 | Strong Buy |
Most Snowflake analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Snowflake stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Snowflake, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice Exposure ValuationSnowflake Target Price Projection
Snowflake's current and average target prices are 158.13 and 198.26, respectively. The current price of Snowflake is the price at which Snowflake is currently trading. On the other hand, Snowflake's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.Current Price
Snowflake Market Quote on 28th of April 2024
Target Price
Analyst Consensus On Snowflake Target Price
Snowflake Analyst Ratings
Snowflake's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Snowflake stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Snowflake's financials, market performance, and future outlook by experienced professionals. Snowflake's historical ratings below, therefore, can serve as a valuable tool for investors.Know Snowflake's Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Snowflake is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Snowflake backward and forwards among themselves. Snowflake's institutional investor refers to the entity that pools money to purchase Snowflake's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Baillie Gifford & Co Limited. | 2023-12-31 | 4.2 M | Norges Bank | 2023-12-31 | 4.2 M | Capital Research Global Investors | 2023-12-31 | 4 M | Geode Capital Management, Llc | 2023-12-31 | 3.7 M | Jpmorgan Chase & Co | 2023-12-31 | 3.7 M | Bank Of Montreal | 2023-12-31 | 3.4 M | Bmo Capital Markets Corp. | 2023-12-31 | 3.4 M | T. Rowe Price Associates, Inc. | 2023-12-31 | 2.3 M | Nuveen Asset Management, Llc | 2023-12-31 | 2 M | Vanguard Group Inc | 2023-12-31 | 21 M | Blackrock Inc | 2023-12-31 | 15.6 M |
Snowflake's market capitalization trends
The company currently falls under 'Large-Cap' category with a current market capitalization of 52.85 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Snowflake's market, we take the total number of its shares issued and multiply it by Snowflake's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Market Cap |
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Snowflake's profitablity analysis
Snowflake's profitability indicators refer to fundamental financial ratios that showcase Snowflake's ability to generate income relative to its revenue or operating costs. If, let's say, Snowflake is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Snowflake's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Snowflake's profitability requires more research than a typical breakdown of Snowflake's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | (0.12) | (0.13) | |
| Return On Capital Employed | (0.20) | (0.21) | |
| Return On Assets | (0.10) | (0.11) | |
| Return On Equity | (0.16) | (0.15) |
Determining Snowflake's profitability involves analyzing its financial statements and using various financial metrics to determine if Snowflake is a good buy. For example, gross profit margin measures Snowflake's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Snowflake's profitability and make more informed investment decisions.
The data published in Snowflake's official financial statements usually reflect Snowflake's business processes, product offerings, services, and other fundamental events. But there are other numbers, ratios, or fundamental indicators derived from these statements that are easier to understand and visualize within the underlying realities that drive quantitative information of Snowflake. For example, before you start analyzing numbers published by Snowflake accountants, it's critical to develop an understanding of what Snowflake's liquidity, profitability, and earnings quality are in the context of the IT Services space in which it operates.
Please note, the presentation of Snowflake's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Snowflake's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Snowflake's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Snowflake. Please utilize our Beneish M Score to check the likelihood of Snowflake's management manipulating its earnings.
Evaluate Snowflake's management efficiency
Snowflake has return on total asset (ROA) of (0.0858) % which means that it has lost $0.0858 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of (0.1572) %, meaning that it created substantial loss on money invested by shareholders. Snowflake's management efficiency ratios could be used to measure how well Snowflake manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to drop to -0.13 in 2024. Return On Capital Employed is likely to drop to -0.21 in 2024. At this time, Snowflake's Total Assets are fairly stable compared to the past year. Intangible Assets is likely to climb to about 348 M in 2024, whereas Total Current Assets are likely to drop slightly above 2.5 B in 2024.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 15.79 | 8.48 | |
| Net Current Asset Value | 0.00 | 0.00 | |
| Tangible Asset Value | 0.00 | 0.00 | |
| Tangible Book Value Per Share | 11.84 | 7.57 | |
| Enterprise Value Over EBITDA | (64.31) | (67.53) | |
| Price Book Value Ratio | 12.39 | 13.01 | |
| Enterprise Value Multiple | (64.31) | (67.53) | |
| Price Fair Value | 12.39 | 13.01 | |
| Enterprise Value | 56.4 B | 55.1 B |
The analysis of Snowflake's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Snowflake's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Snowflake Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Beta 0.907 |
Basic technical analysis of Snowflake Stock
As of the 28th of April, Snowflake has the Coefficient Of Variation of (1,054), variance of 11.63, and Risk Adjusted Performance of (0.05). In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Snowflake, as well as the relationship between them. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to break down and interpolate data for thirteen technical drivers for Snowflake, which can be compared to its competition. Please validate Snowflake market risk adjusted performance and treynor ratio to decide if Snowflake is priced more or less accurately, providing market reflects its prevalent price of 158.13 per share. Given that Snowflake has information ratio of (0.12), we advise you to double-check Snowflake's current market performance to make sure the company can sustain itself at a future point.Snowflake's insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Snowflake insiders, such as employees or executives, is commonly permitted as long as it does not rely on Snowflake's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Snowflake insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
White James N over six months ago Conversion by White James N of 25793 shares of Snowflake |
Understand Snowflake's technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Snowflake's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 2.17 | |||
| Coefficient Of Variation | (1,054) | |||
| Standard Deviation | 3.41 | |||
| Variance | 11.63 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 27.55 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.17 | |||
| Skewness | (1.85) | |||
| Kurtosis | 11.21 |
| Risk Adjusted Performance | (0.05) | |||
| Market Risk Adjusted Performance | (0.19) | |||
| Mean Deviation | 2.17 | |||
| Coefficient Of Variation | (1,054) | |||
| Standard Deviation | 3.41 | |||
| Variance | 11.63 | |||
| Information Ratio | (0.12) | |||
| Jensen Alpha | (0.47) | |||
| Total Risk Alpha | (0.77) | |||
| Treynor Ratio | (0.20) | |||
| Maximum Drawdown | 27.55 | |||
| Value At Risk | (4.71) | |||
| Potential Upside | 4.17 | |||
| Skewness | (1.85) | |||
| Kurtosis | 11.21 |
Consider Snowflake's intraday indicators
Snowflake intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Snowflake stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Snowflake Corporate Filings
F4 | 17th of April 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10K | 26th of March 2024 Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance | ViewVerify |
| 5th of March 2024 Other Reports | ViewVerify | |
8K | 28th of February 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
Snowflake Stock media impact
Far too much social signal, news, headlines, and media speculation about Snowflake that are available to investors today. That information is available publicly through Snowflake media outlets and privately through word of mouth or via Snowflake internal channels. However, regardless of the origin, that massive amount of Snowflake data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Snowflake news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Snowflake relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Snowflake's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Snowflake alpha.
Snowflake Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Snowflake can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Snowflake Historical Investor Sentiment
Investor biases related to Snowflake's public news can be used to forecast risks associated with an investment in Snowflake. The trend in average sentiment can be used to explain how an investor holding Snowflake can time the market purely based on public headlines and social activities around Snowflake. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Snowflake's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Snowflake and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Snowflake news discussions. The higher the estimate score, the more favorable the investor's outlook on Snowflake.
Snowflake Maximum Pain Price across 2024-05-03 Option Contracts
Snowflake's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Snowflake close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Snowflake's options.
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Our tools can tell you how much better you can do entering a position in Snowflake without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Snowflake Corporate Directors
Snowflake corporate directors refer to members of a Snowflake board of directors. The board of directors generally takes responsibility for the Snowflake's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Snowflake's board members must vote for the resolution. The Snowflake board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Wesley Edens | Director Nominee | Profile | |
| Timothy Jay | Independent Director Nominee | Profile | |
| John Harris | Independent Director Nominee | Profile | |
| Richard Armstrong | Independent Director Nominee | Profile |
How to buy Snowflake Stock?
To provide specific investment advice or recommendations on Snowflake stock, we recommend investors consider the following general factors when evaluating Snowflake. This will help you to make an informed decision on whether to include Snowflake in one of your diversified portfolios:- Examine Snowflake's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Snowflake's leadership team and their track record. Good management can help Snowflake navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Internet Services & Infrastructure space and any emerging trends that could impact Snowflake's business and its evolving consumer preferences.
- Compare Snowflake's performance and market position to its competitors. Analyze how Snowflake is positioned in terms of product offerings, innovation, and market share.
- Check if Snowflake pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Snowflake's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Snowflake stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Snowflake is a good investment.
Already Invested in Snowflake?
The danger of trading Snowflake is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Snowflake is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Snowflake. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Snowflake is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Snowflake is a strong investment it is important to analyze Snowflake's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Snowflake's future performance. For an informed investment choice regarding Snowflake Stock, refer to the following important reports: 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.
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 (2.55) | Revenue Per Share 8.556 | Quarterly Revenue Growth 0.315 | Return On Assets (0.09) | Return On Equity (0.16) |
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.
In summary, please note that there is a difference between Snowflake's value and its price, as these two are different measures arrived at by various 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.