According to recent reports, the lock-up period of Snowflake Inc. is set to expire on the 15th of March, 2021. The company issued a total of 28,000,000 IPO shares on 16th September. These shares were worth approximately $3,360,000,000 if we consider the initial price of the shares to be $120,00. After the end of the lock-up period, the company’s shares held by its insiders and major institutional shareholders will also be eligible for trade.
The company’s stocks traded at $239.73 this Monday. Its current market capitalization stands at $69.05 billion. The PE ratio is not yet available in the daily metrics unit. The 12-monthly high to low ranges from $429.00 to $208.55. The 50SMA (50 Days Simple Moving Average) stands at $285.38. The company’s beta value stands at 1.19 along with a debt-to-equity ratio of 0.15.
NYSE: SNOW Stock Analysis
The quarterly earnings report for the previous quarter was released on the 2nd of March. The earnings of SNOW stock at that quarter stood at $0.70 EPS as opposed to the general consensus of $0.17 proposed by analysts at several research firms. The estimated income for the firm was marked at $178.64 million but Snowflake Inc. made $190.50 million for the quarter. The FY2020 (Full Year 2020) EPS is estimated to stand at -1.77, according to analysts.
NYSE: SNOW has recently been the subject of a lot of reports by research analysts. Some such as DA Davidson, Citigroup Inc., Goldman Sachs, Smith Barney Citigroup, Zacks Investment Research, and so on have posted reports on this company over the last few months.
Among the analysts who have issued reports on this company, two have bestowed a “sell” rating, eight have reiterated a “buy” rating and a majority of fifteen analysts have rated it as “Hold”.
Therefore, the recent consensus on this company’s stocks stands at a “Hold” rating with $287.16 as a consensus on the target price. Several hedge funds have also altered their holdings of NYSE: SNOW shares recently.