ServiceNow Inc. (NYSE: NOW) saw a 3.15% increase to close Tuesday at $ 591.27 after adding $ 18.07 on the day. The 5-day average trading volume is 1,260,860 shares of the company’s common stock. It gained $ 594.85 last week and reached a new high 1 time over the past 5 days. An average of 2,476,905 shares of the company have been traded over the past 20 days, and the 50-day average volume is at 1,822,442.
NOW’s 1-month performance was 4.39% or $ 24.88 at its low of $ 479.35 reached on 01/26/22. The company’s shares hit a 52-week low of $ 448.27 and a high of $ 707.60, with the stock rallying to the 52-week high occurring on 01/03/22. YTD, NOW lost -8.91% or -$ 57.84 and reached a new high 1 times. However, the current price dropped -16.44 %% from the 52 -week high price.
Insider Transactions
As of Jan. 12, 28 days have passed since the last insider trading activity for ServiceNow Inc. (NOW). LUDDY FREDERIC B (Director) most recently sold 15,000 shares at $ 577.36 per share on Jan. 12. This transaction cost the insider $ 8,660,336. Chief Financial Officer, Mastantuono Gina, sold 738 shares at a price of $ 550.10 on Jan. 10. Then, on Dec. 07, Director LUDDY FREDERIC B sold 1,355 shares at a price of $ 657.40 per share. This transaction amounted to $ 890,783.
Metrics of Appreciation
NOW the stock has a beta of 1.07. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio was 19.38 while the price-to-book (PB) in the most recent quarter was 33.24, with the price to cash flow ratio at 74.67 .
The fast ratio of ServiceNow Inc. for the period ended September 29 was 1.10, with the current ratio for the same period being 1.10. Also, the company’s long -term debt to equity for the quarter ending Sept. 29 is 0.42, while its total debt to equity is 0.45. In terms of profitability, the gross margin following 12 months is 77.00%. The company’s total profit as reported reached $ 4.54 billion against revenue of $ 5.9 billion.
Earnings Surprises
For the quarterly period ending September 29 this year, ServiceNow Inc.’s cash and short -term investments. reached $ 1.58 billion against total debt of $ 2.23 billion. Net revenue and sales rose compared to numbers reported in the previous quarter. Net income grew 35.96% to $ 26.0 million, while revenue of $ 63.0 million was -142.31% from the previous quarter. Analysts expected NOW to announce $ 1.38 per share in earnings in its most recent quarter, but it posted $ 1.55, representing a 12.30% surprise. NOW the stock balance sheet for the quarter ending Sept. 29 shows that total liabilities reached 7.1 billion, with total debt at $ 2.23 billion.
Technical Picture
Let’s take a look at the price momentum of ServiceNow Inc. (NOW) from the perspective of technical analysis. The 9 -day relative strength index at the close on 08 February was 61.02% to suggest that the stock is trending Neutral, with historical volatility during this period at 54.69%.
The 5-day moving average of the stock is $ 576.80, showing +0.81% or $ 4.73 change from its current price. NOW is currently trading +3.37% above its 20-day SMA, -9.92% above its 100-day SMA. However, the current stock price level is far from the SMA50 and SMA200 of -8.97% and +5.73% respectively.
Stochastic % K and % D are 87.72 % and 82.63 % and the average true range (ATR) is directed at 30.24. The RSI (14) points to 55.36%, while the 14-day stochastic is at 96.90% along with the season’s ATR at 30.17. The stock’s 9-day MACD Oscillator points to 8.88 and 32.51 on the 14-day charts.
Analyst Ratings
In the latest analyst report for ServiceNow Inc. (NYSE: NOW), Piper Sandler upgraded it to Overweight rating. They previously had a Neutral rating on the stock.