ServiceNow Inc. (NYSE: NOW) dropped -0.57% from its most recent closing price compared to a recent 1 -year high of $ 707.60. The company’s stock price has collected 8.85% of gains in the last five trading sessions. Barron reported on 01/27/22 that the ServiceNow Stock Spike in Strong Earnings and Profits
Is ServiceNow Inc. Worth Investing? (NYSE: NOW) Now?
ServiceNow Inc. (NYSE: NOW) earned a price-to-earnings ratio above its average ratio, recording 537.85 x from its current earnings ratio. Plus, the 36 -month beta value for NOW is at 1.07. The stock’s opinions are interesting because 30 analysts out of 34 gave ratings for ServiceNow Inc. declared the stock a “buy,” while 2 rated the stock as “overweight,” 2 rated it as a “hold,” and 0 as a “sell.”
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The average price from analysts was $ 697.28, which is $ 77.35 above the current price. NOW is currently a public float of 198.14M and current shorts have a 1.79% ratio of that float. Today, the average trading volume of NOW is 1.67M shares.
Market Performance NOW
NOW the stock rose 8.85% for the week, with a monthly jump of 5.54% and quarterly performance of -9.01%, while its annual performance rate reached 2.69%. The volatility ratio for the week is 4.06% while the volatility level for the past 30 days is set at 5.54% for ServiceNow Inc .. The simple moving average for the period of the last 20 days is 11.42% for NOW stocks with simple moving average of 3.42% for the last 200 days.
Opinion of NOW Analysts
Many brokerage firms have already submitted their reports for NOW stocks, with Piper Sandler reiterating the rating for NOW by listing it as an “Overweight.” The predicted price for NOW in the coming period, according to Piper Sandler is $ 650 based on the research report published on January 27 of the current year 2022.
Oppenheimer, on the other hand, stated in their research note that they expect to reach NOW at a target price of $ 660, which had previously predicted the price at $ 775. The rating they gave for NOW stocks is “Outperform” according to the report published on January 27, 2022.
Morgan Stanley gave it a rating of “Overweight” to NOW, setting the target price at $ 810 in the report published on January 27 of the current year.
NOW Trading at 2.66% from the 50-Day Moving Average
After a market stumble that brought NOW to its low price for the last 52 weeks, the company has not been able to rebound, so far adjusting to -13.73% loss for the given period.
Volatility remained at 5.54%, however, over the past 30 days, the volatility rate has risen by 4.06%, while shares have risen +6.47%for the moving average over the past 20 days. Over the past 50 days, in opposition, the stock has been trading -5.75% lower than it is currently.
In the last 5 trading sessions, the NOW rose +8.85%, changing the moving average for the 200-day period by +9.55% compared to the 20-day moving average, which settled at $ 549.72. In addition, ServiceNow Inc. found. the -5.95% fall over a year, with the potential to reduce further losses.
Insider Trading
Reports indicate that there has been more than some insider trading activity in NOW starting with Mastantuono Gina, which sold 66 shares at a price of $ 598.85 back in Feb 09. After this action, Mastantuono Gina already owns 3,196 shares of ServiceNow Inc., valued at $ 39,524 with the latest closing price.
LUDDY FREDERIC B, the Director of ServiceNow Inc., sold 6,600 shares at $ 582.16 during the trade that occurred on Feb. 08, which means that LUDDY FREDERIC B holds 36,600 shares at $ 3,842,236 based on the latest closing price. .
Stock Fundamentals for NOW
The current profitability levels for the company sit at:
- +4.36 for current operating margin
- +77.05 for total margin
The net margin for ServiceNow Inc. stands at +3.90. The equity return is now at the value of 5.40, with 1.90 for asset returns.
The liquidity ratio also appears to be quite interesting for investors as it stands at 0.99.
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