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SNOW
Stock ticker: NYSE
AS OF
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Price
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Capitalization
49.37B

SNOW Snowflake Forecast, Technical & Fundamental Analysis

Technical Analysis# Of IndicatorsAvg. Odds
   
   
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A.I.Advisor
a Summary for SNOW with price predictions
08:00 PM EDT Sep 24, 2023

SNOW in downward trend: price dove below 50-day moving average on September 14, 2023

SNOW moved below its 50-day moving average on September 14, 2023 date and that indicates a change from an upward trend to a downward trend. In of 21 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on September 21, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on SNOW as a result. In of 61 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for SNOW turned negative on September 21, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 29 similar instances when the indicator turned negative. In of the 29 cases the stock turned lower in the days that followed. This puts the odds of success at .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNOW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where SNOW's RSI Oscillator exited the oversold zone, of 18 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where SNOW advanced for three days, in of 189 cases, the price rose further within the following month. The odds of a continued upward trend are .

SNOW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 93 cases where SNOW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. SNOW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (9.337) is normal, around the industry mean (21.026). P/E Ratio (0.000) is within average values for comparable stocks, (152.725). Projected Growth (PEG Ratio) (4.863) is also within normal values, averaging (2.638). Dividend Yield (0.000) settles around the average of (0.088) among similar stocks. P/S Ratio (19.802) is also within normal values, averaging (74.081).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Microsoft Corp (NASDAQ:MSFT), Oracle Corp (NYSE:ORCL), Adobe (NASDAQ:ADBE), Salesforce (NYSE:CRM), Intuit (NASDAQ:INTU), SERVICENOW (NYSE:NOW), Uber Technologies (NYSE:UBER), Activision Blizzard (NASDAQ:ATVI), VMware (NYSE:VMW), Palo Alto Networks (NASDAQ:PANW).

Industry description

Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.

Market Cap

The average market capitalization across the Packaged Software Industry is 8.09B. The market cap for tickers in the group ranges from 291 to 2.36T. MSFT holds the highest valuation in this group at 2.36T. The lowest valued company is BLGI at 291.

High and low price notable news

The average weekly price growth across all stocks in the Packaged Software Industry was -2%. For the same Industry, the average monthly price growth was -3%, and the average quarterly price growth was 3%. NAHD experienced the highest price growth at 721%, while AJIA experienced the biggest fall at -66%.

Volume

The average weekly volume growth across all stocks in the Packaged Software Industry was -30%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was -4%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 52
P/E Growth Rating: 73
Price Growth Rating: 63
SMR Rating: 83
Profit Risk Rating: 89
Seasonality Score: -18 (-100 ... +100)
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A.I. Advisor
published Earnings

SNOW is expected to report earnings to fall 28.32% to 15 cents per share on November 30

Snowflake SNOW Stock Earnings Reports
Q4'23
Est.
$0.16
Q3'23
Beat
by $0.12
Q2'23
Beat
by $0.09
Q1'23
Beat
by $0.09
Q4'22
Beat
by $0.07
The last earnings report on August 23 showed earnings per share of 21 cents, beating the estimate of 10 cents. With 3.24M shares outstanding, the current market capitalization sits at 49.37B.
A.I. Advisor
published General Information

General Information

Industry PackagedSoftware

Profile
Fundamentals
Details
Industry
Other Consumer Services
Address
106 East Babcock Street
Phone
+1 844 766-9355
Employees
5884
Web
https://www.snowflake.com
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SNOW and

Correlation & Price change

A.I.dvisor indicates that over the last year, SNOW has been closely correlated with DDOG. These tickers have moved in lockstep 76% of the time. This A.I.-generated data suggests there is a high statistical probability that if SNOW jumps, then DDOG could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNOW
1D Price
Change %
SNOW100%
+0.03%
DDOG - SNOW
76%
Closely correlated
+0.09%
MDB - SNOW
70%
Closely correlated
-0.73%
NET - SNOW
70%
Closely correlated
-0.02%
CFLT - SNOW
68%
Closely correlated
+0.71%
TEAM - SNOW
65%
Loosely correlated
+0.51%
More

Groups containing SNOW

Correlation & Price change

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To SNOW
1D Price
Change %
SNOW100%
+0.03%
SNOW
(undefined stocks)
88%
Closely correlated
+0.02%