Earnings Miss

NYSE:SNOW   Snowflake Inc
Low today was 112.10 and buyers came in and pushed price up so far today. Price is well off the low today.

SNOW is below the IPO price, well below it so new support will have to be formed. Right now there is no evidence of a strong support level underneath price.

SNOW's financial metrics are very poor due to a high price to sales ratio and relatively low cash flow, but many analysts are bullish on SNOW. Obviously a bunch of folks are bullish because folks are buying this on the dip. Maybe just day trades. Who knows?
Short percent is between 3.6 and 4.44% depending on where you look.

The long term DMAs are all sloping down. Even the 200 is trying to slope down. Negative moving average crossovers on all 4 longer term SMAs .
The shorter term moving averages, red, white and blue or William's alligator , are also sloping down. This indicator consists of the 5, 8 and the 13 with some tweaks.

Today is a rally up and maybe an end of month type of thingy....Dunno about this market sometimes but I am not jumping off a cliff today to buy stuff for the long term.

I am not known to have a ton of common sense )o: but I am definitely not a dim bulb in the chandelier and I think I have good instincts, well most of the time. Just feels like a bear rally to me and I am wondering if the stocks that missed and are trying to rally up today will pay later.

No recommendation.

Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company’s platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.
I love Montana (o:

PE ( FWD )
Div Rate ( FWD ) 0
Yield ( FWD ) 0
Short Interest
Market Cap
Comment: Latest Quarter's Earnings
Announce Date
EPS Normalized Actual
-$0.01 (In-Line)
-$0.53 (Miss by -$0.02)
Revenue Actual
Revenue Surprise
Beat by $9.36M

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