At Wednesday’s close, ServiceNow Inc stock. (NYSE: NOW) rose $ 15.99, up 2.80 percent to $ 587.06. The average number of shares traded per day over the past five days was 1,519,240 shares. 4 times the new highs achieved in the past 5 days, with a $ 62.36 gain over that time period. In the last twenty days, the average volume was 1,419,305, while in the last 50 days, it was 1,778,700.
Since last month, NOW stock has risen 0.22%. The company’s shares fell to $ 502.46 on 02/24/22, the lowest level in the previous month. The 52-week high of $ 707.60 was reached on 01/03/22 after rallying from the 52-week low of $ 448.27. Since the beginning of this year, the NOW stock price has dropped -9.56% or -$ 62.05, and marked a new 1 -time high. However, the stock has declined -17.04% since its 52 -week high.
Insider Transactions
Last reported by ServiceNow Inc. (NOW) insider trading activity 3 days ago on Feb 28. Desai Chirantan Jitendra, the company’s Chief Operating Officer, disposed of 5,000 shares for $ 575.44 on Feb 28. This resulted in $ 2,877,205 insider divestment . Caimi Lara sold 3,058 shares at an average price of $ 575.00 on Feb 24. The insider now owns 99 shares following the transaction. On Feb. 23, Chief People Officer Canney Jacqueline P sold 769 shares at $ 525.47 each. The transaction was valued at $ 404,090.
Metrics of Appreciation
So far, ServiceNow Inc. (NOW) has a P/E ratio of approximately 517.69. The beta of the stock is 1.05. Apart from these, the trailing price-to-sales (P/S) ratio of 19.70, the price-to-book (PB) ratio of 31.66, and the price-to-cash flow ratio of 64.56 can also be considered. for.
In the three months ended Sept. 29, ServiceNow Inc’s fast ratio. stood at 1.10, while its current ratio is 1.10, showing that the company can afford its debt. According to the company’s report, the long-term debt-to-equity ratio for the quarter ending Sept. 29 is 0.40, and the total debt-to-equity ratio is 0.43. On the profitability front, the following twelve -month gross margin is 77.10% percent. In the year ended Sept. 29, operating margins reached 4.40%. Based on annual data, NOW generated $ 4.54 billion in total revenue and brought in $ 5.9 billion in revenue.
The management of a company is another factor that investors consider when determining the profitability of an investment. Last year, the return on investment (ROI) was 4.50%. The return on equity (ROE) over the past 12 months is 6.80%. Last year, the industry average ROE stood at 3.85.
Earnings Surprises
According to the earnings report, the company had higher net income in the recent quarter than in the previous quarter. NOW revenue rose 22.58% to $ 1.51 billion in the quarter, while net income reached $ 1.61 billion. While analysts expect ServiceNow Inc to report. of $ 1.38 quarterly earnings, the actual figure was $ 1.55 per share, beating the consensus estimate of 12.30%. In the quarter, the company generated $ 251.0 million in EBITDA. The responsibilities of ServiceNow Inc. was 7.1 billion at the end of its most recent quarter ended Sept. 29, and its total debt was $ 2.23 billion. The shareholders ’equity value is $ 20.0 million.
Technical Picture
This quick technical analysis looks at ServiceNow Inc’s price momentum. (NOW). At the historical volatility rate of 61.95%, the 9-day RSI stood at 56.35% on 02 March.
In relation to its five -day moving average, the current price of ServiceNow Inc. rose +11.88% percent or $ 62.36. Currently, NOW shares trade +0.09% above its 20-day simple moving average and -7.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.64% below its SMA50 and +29.19% above its SMA200.
Stochastic coefficient K is 64.64% and Stochastic coefficient D is 63.63%, while ATR is 28.08. Given the Stochastic reading of 71.12% for 14 days, the RSI (14) reading is calculated as 53.63%. So far, the MACD Oscillator reading is at 13.92, while the 14 -day reading is at 4.70.
Analyst Ratings
Piper Sandler has upgraded its rating to ServiceNow Inc. (NYSE: NOW) to an overweight on a note to investors on Jan. 27, 2022. The analyst firm previously had a Neutral rating on the stock.ServiceNow Inc. (NOW) is rated Buy by analysts. According to 0 brokerage firms, NOW is a sell, and 2 firms recommend that it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rated the stock of ServiceNow Inc. as buy, with 30 recommending it as overweight.
What is the NOW price target for the next 12 months?
With a median target price of $ 700.00, the current consensus forecast for the stock is $ 600.00 – $ 850.00. Based on these forecasts, analysts predict that ServiceNow Inc will achieve. (NOW) has an average price target of $ 697.28.