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Snowflake Inc.Snowflake Inc.Snowflake Inc.

Snowflake Inc.

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SNOW trade ideas

$SNOW Potential Bottom PickingNow that the trading week is over, we can take a closer look at how the broader markets have performed. For the most part of the week, the markets appeared to be quite choppy but now looking like we can potentially start moving higher. If that is the case, then I think there is a potential here to bottom pick a high flying enterprise software company called Snowflake. At one point this stock was trading over 150x price to sales. It might sound ridiculous but in a controlled market where you have massive money printing, I don't think the majority of market participants are buying for fundamental cash flow. Instead, the markets appear to be competing for market share as there are only 100% possible owners of a company. :) All in all, I categorized this technical setup as a reversal play and if the broader markets can rally then I think $SNOW can run up quite substantially for the short to mid term trader. - EnterpriseGuy
NYSE:SNOWLong
by finvizclub
SNOW, WILL IT HAPPEN AGAIN?Hello fellow traders and investors, here's another trade idea. SNOW has recently been pulling back and previously makes a breakout above the trendlines, if PTON makes a recovery to the take profit area it offers around a 40% ROI. Technicals: The Macd indicates that it's oversold The EMA's are in a downtrend The RSI is oversold When To Buy: When the Macd crosses its EMA When the EMA's crossover When To Sell: I recommend selling at its previous high offering around a 40% ROI. Fundamentals: SNOW provides a cloud-based data storing software that provides data warehouse modernization, accelerating analytics and overall productivity. They have a P/S of 103 which is a lot, sales growth Q/Q of 118.60% which is amazing however their earnings per share growth Q/Q of -218% isn't good at all however with their amazing return on investment of 66% they should be able to fix this is in a few years and finally, a short float of 17% which could easily cause a short squeeze if it breaks out over the trendline and investors and traders start buying they will have to cover their positions. Rating: 50/100 since their technicals look okay and their EPS and P/S isn't looking too strong their rating will have to be 40/100 however if this meets your criteria feel free to add it to your watchlist. I hope you enjoyed this quick analysis and many more to come. If you enjoyed leave a like, follow, comment your thoughts and share this trade idea. Thanks.
NYSE:SNOWLong
by UnknownUnicorn11084119
5