How to Buy Snowflake Stock
Snowflake Inc
Snowflake is a app company located in California, United States, which is part of the Technology sector, and is traded under the ticker SNOW on the NYSE exchange.
Snowflake stock last closed at $111.63, down 1.07% from the previous day, and has decreased 30.86% in one year. It has underperformed other stocks in the Software - Application industry by 0.54 percentage points. Snowflake stock is currently +4.2% from its 52-week low of $107.13, and -53.04% from its 52-week high of $237.72.
At the moment, there are 335.2M SNOW shares outstanding. The market cap of SNOW is $37.42B. In the past 24 hours, 4.4M SNOW shares were traded.
How to Buy Snowflake Stock
Not sure how to invest in Snowflake stock? Here's how.
- Choose where to buy Snowflake stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you choose where to buy Snowflake stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit funds into your brokerage account: Pick your method of payment and add your information.
- Analyze Snowflake stock: The Snowflake ticker symbol is SNOW. Is Snowflake stock a good investment? Should you buy shares of SNOW? How do SNOW's underlying business fundamentals look? Do top analysts think Snowflake is a good buy? Why has SNOW's stock price moved recently? (Hint: Our stock research website can help you decide if SNOW is a good stock to buy).
- Make your SNOW purchase: Decide if you will purchase SNOW shares at the current market price or use a limit order to purchase SNOW stock at a specific price.
- Get notifications regarding your investment in SNOW: Create a watchlist to get live updates on your investment in Snowflake stock.
Step 1: Choose where to buy Snowflake stock
You need a brokerage account to access the NYSE market and buy SNOW stock.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with 0% commissions: Invest without commissions.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
- Access to world markets: From Technology to Energy, New York to London — you can fill your portfolio with stocks from the globe's top stock exchanges.
- Social investing: eToro boasts a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your purchase of stock by creating an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the right brokerage, it's time to fill out some personal info so you are able to buy SNOW stock today.
How to Create a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to start your new trading account.
- Send your info by pressing the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you have opened your account on app for stock, you need to deposit funds:
Watch the tutorial below if you need help transferring money into your new investment account.
Step 4: Analyze Snowflake stock
After you have selected the best place to buy Snowflake stock, it's important to analyze their stock before you invest, so you truly comprehend the risk as well as the opportunity.
Overview of key SNOW info
SNOW Zen Score
WallStreetZen was created to help part-time investors perform better fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SNOW's stock page.
How is SNOW stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge SNOW's fair value.
Using relative valuations measures:
- SNOW may be overvalued based on its P/B ratio of 9.06x, relative to Software - Application industry P/B ratio of 6.66x
You can access more valuation analysis on SNOW's stock here.
SNOW Financials at a glance
Signs that SNOW is financially healthy:
- There are more short-term assets than long-term liabilities on the SNOW balance sheet.
- There are more short-term assets than short-term liabilities on the SNOW balance sheet.
- SNOW's operating cash flow of $890.82M allows it to safely service it's debt of $312.81M.
Signs that SNOW is not financially healthy:
- SNOW profit margin has gone up by 0.03 percentage points in the past year, but the company is still unprofitable.
- SNOW earnings of -$1.01B is not enough to cover its interest payments.
- SNOW has a relatively high debt to equity ratio of 0.68.
Do Wall Street analysts think it's a good time to buy SNOW stock
Out of 30 sell side analysts who give recommendations on SNOW, the consensus analyst rating on Snowflake is a Buy
Please note that analyst forecasts are not stock recommendations, nor are they financial advice.
Most Recent SNOW Analyst Ratings
Raimo Lenschow, a top 1% analyst from Barclays maintains SNOW with a hold rating and lowers their SNOW price target from $146.00 to $142.00, on Aug 22, 2024.
Gil Luria, a top 28% analyst from DA Davidson maintains SNOW with a strong buy rating and lowers their SNOW price target from $230.00 to $175.00, on Aug 22, 2024.
David Hynes, a top 12% analyst from Canaccord Genuity maintains SNOW with a strong buy rating and lowers their SNOW price target from $215.00 to $190.00, on Aug 22, 2024.
Keith Weiss, a top 2% analyst from Morgan Stanley maintains SNOW with a hold rating and maintains their SNOW price target from $175.00 to $175.00, on Aug 22, 2024.
Blair Abernethy, a top 3% analyst from Rosenblatt maintains SNOW with a strong buy rating and lowers their SNOW price target from $195.00 to $180.00, on Aug 22, 2024.
You can dig deeper into what analysts are forecasting on the Snowflake stock forecast page.
SNOW Technicals
SNOW Growth Numbers
Last year, SNOW revenue was $3.21B. Over the last 4 year, SNOW's revenue has increased by 67.98% per year. This was faster than the Software - Application industry average of 27.63%.
You can research SNOW's earnings and revenue performance here.
What are SNOW insiders up to?
Over the last 12 months, executives and large shareholders at SNOW have bought more shares than they have sold.
Benoit Dageville, President of Products of SNOW, was the latest SNOW insider to sell. They sold $61,357.68 worth of SNOW shares on Sep 10, 2024.
Get more info about who owns SNOW shares here.
Does SNOW provide a stable income stream?
No, Snowflake doesn't provide an income stream by paying out dividends.
What do other investors have to say about SNOW?
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other traders have to say.
Step 5: Make your SNOW purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually fine. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount, use a limit order.
Press the Open Trade button and eToro will execute the order.
If you need more help with investing in stocks on eToro, watch the helpful video below:
Step 6: Get notifications regarding your investment in SNOW
Now that you own some SNOW shares, you'll want to keep up with your new company.
Put SNOW on a watchlist to get the latest updates about your SNOW stock.
SNOW Feed
How to Buy Stock in Snowflake
To reiterate, here are the 6 steps for buying Snowflake stock:
- Choose where to buy Snowflake stock
- Create a brokerage account
- Deposit funds into your brokerage account
- Analyze Snowflake stock
- Make your SNOW purchase
- Get notifications regarding your investment in SNOW
If you require a brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest news on your new investment in Snowflake, create a watchlist on WallStreetZen today.
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