SNOW Stock Summary and Trading Ideas (Snowflake Class A | NYSE:SNOW)

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

Snowflake Class A trades on the NYSE stock market under the symbol SNOW.

As of November 4, 2024, SNOW stock price declined to $113.74 with 2,728,201 million shares trading.

SNOW has a beta of 1.50, meaning it tends to be more sensitive to market movements. SNOW has a correlation of 0.16 to the broad based SPY ETF.

SNOW has a market cap of $38.11 billion. This is considered a Large Cap stock.

Last quarter Snowflake Class A reported $869 million in Revenue and $.18 earnings per share. This beat revenue expectation by $18 million and exceeded earnings estimates by $.02.

In the last 3 years, SNOW traded as high as $405.00 and as low as $107.13.

The top ETF exchange traded funds that SNOW belongs to (by Net Assets): VTI, VXF, VUG, VO, VGT.

SNOW has underperformed the market in the last year with a price return of -21.2% while the SPY ETF gained +36.5%. SNOW has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.4% and -4.9%, respectively, while the SPY returned +5.3% and -2.5%, respectively.

SNOW support price is $112.89 and resistance is $118.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SNOW shares will trade within this expected range on the day.