ServiceNow Inc. (NOW) saw an uptrend of 4.80% in recent trade with $456.85 being its most recent. The current price level is -35.44% lower than the highest price of $707.60 marked by the stock during trading in the past 52-weeks, while it is 12.39% higher than the lowest price of $406.47 that the company touched on past 52-weeks. The latest NOW news appeared on Zacks under the title “ServiceNow (NOW) Earnings Expected to Grow: Should You Buy?” on Jul-20-22.
Crunching the time frame to a 30-day period shows us that the stock is currently trading -10.37% below the one-month high and +12.11% above the low during that period. Looking at the simple moving average, ServiceNow Inc. stock. (NOW) is at the SMA-50 of $459.54 while the 5-day is at $435.22.
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The daily rise and fall of the price influences many of the traders, and to overcome its volatile effect and to keep a close eye on the stock, traders focus more on the 200-day moving average of stocks. At various points in the trading activity, investors are more likely to use that measure as a strong indicator in knowing their support and resistance levels, and NOW’s SMA-200 is $558.24.
Do analysts rate it a buy, sell or hold?
Regardless of recent performance, what matters is what lies ahead. In uncertain economic times, a clear picture is hard to come by. Analysts generally have a good understanding of the workings of the market, which gives them a leg up in making predictions. Currently, the stock is recommended as Strong Buy by 32 brokerage firms. Analyst ratings are often aggregated into a single score from 1 to 5. A score of 1 indicates a buy or strong buy, a score of 2 means outperform, a score of 3 means hold , and a score of 4 indicates poor performance. The simple numeric range of the brokerage firm cited on a scale of 1 to 5 reads a current average recommendation of 1.70 for the stock.
ServiceNow Inc. Revenues – What Happened To NOW
When it comes to sales and earnings numbers, publicly traded companies under normal circumstances post earnings and profits close to the average estimates of Wall Street analysts, but those can be higher or lower than the estimates and is known as the surprise factor. In the reported three-month period, the company’s sales were $1.72 billion.
NOW – ServiceNow Inc Stock Earnings Estimates
Investors get exact data about key institutional ownership information in a listed company through its 13F filing with the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 200.09 million. NOW there are institutional investors; and they hold 90.30% of the stock.
ServiceNow Inc. – Insider Activities and Holdings
Additionally, the latest SEC filing also revealed that the stock saw 52 new insider purchases involving 31,411 shares. On the other hand, NOW declared that 106,004 shares were sold in 252 insider transactions in the past three months.
Currently, the stock is recommended as Strong Buy by 32 brokerage firms. Analyst ratings are often aggregated into a single score from 1 to 5. A score of 1 indicates a buy or strong buy, a score of 2 means outperform, a score of 3 means hold , and a score of 4 indicates poor performance. The simple numeric range of the brokerage firm cited on a scale of 1 to 5 reads a current average recommendation of 1.70 for the stock.
Liquidity is a key characteristic of any stock and it is the main point of focus of both short-term as well as long-term investors before starting to trade in a stock. In the recently reported quarter, the current ratio recorded by ServiceNow Inc. is 0.99 while posting a debt to equity ratio of 0.39.
Technical Analysis of ServiceNow Inc. (NYSE:NOW) stock
To better understand trading movements and investor behavior, exploring short, medium and long-term technical indicators along with a stock’s average volume is an effective method to use. When looking at those indicators for ServiceNow Inc. (NOW), we observed that the stock’s 20-day average volume stands at 1,802,615 shares and 50% of short-term indicators suggest the stock as Sell. Medium term indicators on average 100% see the stock in Sell with 50-day average volume of 1,826,812 shares. And in closing, NOW’s 100-day average volume is 1,701,076 shares with 100% of long-term indicators pointing towards Sell for the stock.