In the last analysis on Thursday, ServiceNow Inc stock. (NYSE: NOW) rose $ 22.34, up 4.87 percent to $ 480.99. The average number of shares traded per day over the past five days was 1,625,505 shares. 4 times the new highs achieved in the past 5 days, with a $ 16.54 gain over that time period. In the last twenty days, the average volume was 1,620,916, while in the last 50 days, it was 1,769,006.
Since last month, NOW stock has risen 5.92%. The company’s shares fell to $ 411.04 on 05/24/22, 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 $ 406.47. Since the beginning of this year, the NOW stock price has dropped -29.34% or -$ 166.62, and marked a new 1 -fold high. However, the stock is down -32.02% since its 52 -week high.
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Last reported by ServiceNow Inc. (NOW) insider trading activity 14 days ago on June 09. LUDDY FREDERIC B, the Director of the company, disposed of 6,600 shares for $ 499.45 on June 09. This resulted in $ 3,296,383 insider divestment. LUDDY FREDERIC B sold 707 shares at an average price of $ 501.92 on June 08. The insider now owns 0 shares following the transaction. On May 31, Chief Customer and Partner of Caimi Lara sold 726 shares at $ 474.48 each. The transaction was valued at $ 344,472.
Metrics of Appreciation
So far, ServiceNow Inc. (NOW) has a P/E ratio of approximately 417.33. The beta of the stock is 1.08. Apart from these, the trailing price-to-sales (P/S) ratio of 14.17, the price-to-book (PB) ratio of 22.96, and the price-to-cash flow ratio of 45.50 can also be considered. for.
Financial health
In the three months ended March 30, ServiceNow Inc’s fast ratio. stood at 1.10, while its current ratio is 1.10, showing that the company can afford to repay its debt. According to the company’s report, the long-term debt-to-equity ratio for the quarter ending March 30 is 0.37, and the overall debt-to-equity ratio is 0.39. On the profitability front, the following twelve -month gross margin is 77.30% percent. In the year ended March 30, operating margins reached 3.90%. 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 6.20%.
According to the earnings report, the company had higher net income in the recent quarter than in the previous quarter. NOW revenue rose 21.02% to $ 1.61 billion in the quarter, while net income reached $ 1.72 billion. While analysts expect ServiceNow Inc to report. of $ 1.7 quarterly earnings, the actual number was $ 1.73 per share, beating the consensus estimate of 1.80%. In the quarter, the company generated $ 271.0 million in EBITDA. The responsibilities of ServiceNow Inc. was 7.0 billion at the end of its most recent quarter ended March 30, and its total debt was $ 2.21 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 76.11%, the 9 -day RSI stood at 57.50% on 22 June.
In relation to its five -day moving average, the current price of ServiceNow Inc. rose +3.55% percent or $ 16.54. Currently, NOW shares trade +14.97% above its 20-day simple moving average and -14.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -5.66% below its SMA50 and -27.02% below its SMA200.
Stochastic coefficient K is 47.79% and Stochastic coefficient D is 35.89%, while ATR is 24.16. Given the Stochastic reading of 67.59% for 14 days, the RSI (14) reading is calculated as 54.24%. So far, the MACD Oscillator reading is at 10.75, while the 14 -day reading is at -4.64.
Analyst Ratings
Wells Fargo launched its rating on ServiceNow Inc. (NYSE: NOW) to an overweight in a note to investors on May 18, 2022. ServiceNow Inc. (NOW) is rated Buy by analysts. According to 1 brokerage firm, NOW is a sell, and 1 firm recommends that it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate by ServiceNow Inc. stock as buy, with 28 recommending it as overweight.
With a median target price of $ 613.00, the current consensus forecast for the stock is $ 550.00 – $ 752.00. Based on these forecasts, analysts predict that ServiceNow Inc will achieve. (NOW) has an average price target of $ 631.29.