21-Nov-2024
Dow ends up 1%, S&P gains with Nvidia sloughing off loss; Nasdaq tips into the green
Seeking Alpha News (Thu, 21-Nov 4:09 PM ET)
Dow up 1% as software stocks climb; Nasdaq wavers; bitcoin blasts through $98K
Seeking Alpha News (Thu, 21-Nov 2:10 PM ET)
SNOW Bullish Calendar Call Spread with 338% Upside
Market Chameleon (Thu, 21-Nov 1:06 PM ET)
Citi Research’s U.S. Equity Strategy Large-Cap recommendation list
Seeking Alpha News (Thu, 21-Nov 11:47 AM ET)
Snowflake builds as it erases year of losses after Q3 earnings
Seeking Alpha News (Thu, 21-Nov 9:13 AM ET)
Wedbush Keeps Their Hold Rating on Snowflake (SNOW)
TipRanks (Thu, 21-Nov 8:35 AM ET)
TipRanks (Thu, 21-Nov 8:35 AM ET)
TipRanks (Thu, 21-Nov 8:30 AM ET)
Evercore ISI Remains a Buy on Snowflake (SNOW)
TipRanks (Thu, 21-Nov 8:26 AM ET)
Snowflake (SNOW): New Buy Recommendation for This Technology Giant
TipRanks (Thu, 21-Nov 7:17 AM ET)
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 21, 2024, SNOW stock price climbed to $171.35 with 49,498,450 million shares trading.
SNOW has a beta of 1.33, meaning it tends to be more sensitive to market movements. SNOW has a correlation of 0.14 to the broad based SPY ETF.
SNOW has a market cap of $57.41 billion. This is considered a Large Cap stock.
Last quarter Snowflake Class A reported $942 million in Revenue and $.20 earnings per share. This beat revenue expectation by $44 million and exceeded earnings estimates by $.05.
In the last 3 years, SNOW traded as high as $392.40 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 return of +2.8%, while SPY returned +32.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SNOW shares. However, SNOW has outperformed the market in the last 3 month and 2 week periods, returning +29.9% and +41.1%, while SPY returned +6.6% and +0.4%, respectively. This indicates SNOW has been having a stronger performance recently.
SNOW support price is $126.42 and resistance is $131.82 (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.