Previous Close | 187.31 |
Open | 187.00 |
Bid | 190.41 x 1000 |
Ask | 190.75 x 1000 |
Day's Range | 185.80 - 191.64 |
52 Week Range | 119.27 - 193.94 |
Volume | |
Avg. Volume | 4,499,590 |
Market Cap | 62.692B |
Beta (5Y Monthly) | 0.96 |
PE Ratio (TTM) | N/A |
EPS (TTM) | -2.69 |
Earnings Date | Feb 28, 2024 - Mar 04, 2024 |
Forward Dividend & Yield | N/A (N/A) |
Ex-Dividend Date | N/A |
1y Target Est | 214.41 |
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Snowflake stock, the IBD Stock of the Day, has gained 33% in 2023, rebounding from worries over its valuation and business model.
Snowflake (NYSE: SNOW) is a cloud computing company poised to benefit from growing investments in artificial intelligence (AI). As CEO Frank Slootman said, "There's no AI strategy without a data strategy." What's hard to get past is the fact the stock trades at an incredibly high valuation: 23 times sales or 12 times book value.
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