Snowflake's stock price has been on a rollercoaster ride since its IPO in September 2020, with the company's market capitalization reaching over $100 billion.
The stock's volatility can be attributed to the company's rapid growth and increasing competition in the cloud data warehousing market.
Snowflake's revenue growth has been impressive, with a 121% increase in the first quarter of 2021 compared to the same period in 2020.
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Financial Performance
Snowflake's revenue in 2023 was $2.81 billion, a 35.86% increase from the previous year's $2.07 billion.
The company's losses were substantial, standing at -$836.10 million, a 4.94% increase from the previous year.
Snowflake's market value is substantial, with a market cap of $57,934,066,000.
Here's a snapshot of Snowflake's past financial performance:
Snowflake's revenue growth year-over-year (YOY) is 28.9%, while its earnings growth YOY is 0%. The company's profit margin is -31.7%.
The all-time high Snowflake stock closing price was 401.89 on November 16, 2021, while the current 52-week high stock price is 237.72, 35.4% above the current share price.
The average Snowflake stock price for the last 52 weeks is 148.28.
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Frequently Asked Questions
Who is the largest shareholder of Snowflake?
Vanguard is the largest shareholder of Snowflake. They hold the most shares of the company.
Is Snowflake expected to grow?
Yes, Snowflake is expected to grow significantly, with a projected 26% growth rate in product revenue for the full fiscal year 2025. This growth is driven by its transition to an AI-backed company, which could potentially lead to a 10x increase in stock value over the next 3 years.
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