ServiceNow Inc. stock. (NYSE: NOW) rose $ 13.89 on Tuesday to finish at $ 506.43, up 2.82 percent. The last five days have seen an average of 1,408,920 shares of common stock traded. 1 times reached new highs in the current year, with a fall to -$ 142.68. The average number of shares traded over the past 20 days was 1,903,750, while the average volume over the past 50 days reached 1,774,584.
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NOW stock appreciated 10.88% from last month. On 05/12/22, shares of the company hit a one -month low of $ 406.47. The stock hit a high of $ 707.60 on 01/03/22, after rallying from a low of $ 406.47 for 52 weeks. The NOW stock price dropped -21.98% or -$ 142.68 this year, hitting a new 1 -time high. However, the stock price dropped -28.43% from a 52 -week high.
Insider Transactions
There are 8 days since ServiceNow Inc. last reported. (NOW) insider trading activity on May 31. On May 31, Chief Customer & Partner Ofc Caimi Lara sold 726 shares at $ 474.48 each. This transaction resulted in the insider making $ 344,472. On May 27, Desai Chirantan Jitendra sold 7,000 shares at a price of US $ 477.52. After the transaction, the insider already owns 38,980 shares. Chief Commercial Officer Smith Paul John previously sold 412 shares on May 18 for $ 427.17 per share. The transaction was completed in the amount of $ 175,996.
Metrics of Appreciation
ServiceNow Inc. (NOW) has a trailing price-to-earnings (P/E) ratio of 460.81. The beta for the stock is 1.09. There are also several other valuation ratios to consider, including the trailing price-to-sales (P/S) ratio of 16.63, the price-to-book (PB) ratio of 25.35, and the price-to- cash flow ratio of 53.39.
Financial health
For the three months ended March 30, ServiceNow Inc’s fast ratio. is 1.10, while its current ratio is 1.10, indicating its solvency. The company’s long -term debt to equity ratio for the quarter ending March 30 is 0.37, and the total debt to equity ratio is 0.39. As far as profitability is concerned, the total margin for the last twelve months is 77.30% percent. The operating margin of ServiceNow Inc. stands at 3.90% for the same period. Based on annual data, it has total revenue of $ 4.54 billion and revenue of $ 5.9 billion.
Investors will also look at the company’s management performance to determine the potential profitability of their investment. NOW’s return on assets (ROA) over the past 12 months is 2.20%. There was a 4.50% return on investment (ROI) in the past year. Meanwhile, the return on equity (ROE) in the last 12 months was 6.20%.
Income Surprise
According to the quarterly financial report of ServiceNow Inc. for the quarter ended March 30, it had $ 1.76 billion in cash and short -term investments. A higher net income was reported in the quarter under review than in the previous quarter. Net revenue for the quarter reached $ 1.72 billion, while revenues rose 21.02% to $ 1.61 billion. It is predicted that the quarterly revenue of ServiceNow Inc. would be $ 1.73, but it became $ 1.7, beating the consensus by 1.80%. EBITDA was $ 271.0 million for the quarter. At the end of the most recent quarter ServiceNow Inc. which ended on March 30, its liabilities totaled 7.0 billion, while its total debt was $ 2.21 billion. The equity owned by the shareholders is worth $ 20.0 million.
Technical Picture
Here’s a quick look at ServiceNow Inc.’s price momentum. (NOW) from a technical standpoint. On 07 June, the 9 -day RSI stood at 67.00%, suggesting that the stock is Neutral, with a 48.67% historical volatility rate.
The stochastic % K and % D were 86.75 % and 85.69 % respectively, while the average true range (ATR) was 24.85. Based on a 14 -day stochastic reading of 95.81%, the RSI (14) reading is 60.02%. On the 9-day MACD Oscillator, the stock is at 16.89, and the 14-day reading is at 36.86.
Analyst Ratings
In the analyst report released on May 18, 2022, Wells Fargo began covering ServiceNow Inc. (NYSE: NOW). The stock is rated as overweight by the brokerage firm. Analysts assigned ServiceNow Inc. (NOW) of Buy rating. NOW is a stock recommended for sale by 1 brokerage firm, while 1 holding company is recommended. The stock is underweight by 0 analysts. Of the analysts who rate the stock, 1 rates it as overweight and 28 others recommend it as a buy.
What is the NOW price target for the next 12 months?
The current consensus forecast for the stock is between $ 550.00 and $ 752.00, with a median target price of $ 613.00. In reviewing these forecasts, the average price target provided by analysts for ServiceNow Inc. (NOW) is $ 631.29.