Snowflake Inc. (SNOW) operates a cloud-based data platform in the United States and globally. The company's platform includes a Data Cloud, enabling companies to consolidate data into a single source of truth to deliver valuable business insights, construct data-driven apps, and share data. Its platform is used by various businesses of varying sizes and sectors.
The company’s shares are down 49.2% over the past year and 63.8% year-to-date to close its last trading session at $122.54. In addition, the stock is currently trading 69.7% below its 52-week high of $405, which it hit on November 17, 2021.
