ServiceNow Inc. (NOW) shares are currently trading at a low price of US$501.61. The average recommendation for this stock is a medium buy, while the current analyst’s price target is US$488.48.
In order to add color to this goal, the company’s highest price last year was $533.37 and the lowest price was $232.25. In the past 52 weeks, NOW has risen by 107.95%, while S&P 500 has risen by 12.53%. The company’s recent earnings report is a catalyst for this interesting change.
Performance report
In the last quarter, NOW reported a profit of $837.9 million. ServiceNow Inc.’s revenue has also grown to 1.07 billion US dollars. In addition, as of 06-2020, NOW’s free cash flow is 669.5 million US dollars. The company’s EBITDA was US$20488 million, compared with peers.
Now, the company’s profit margin is 18.40%, the return on equity (ROE) is 35.10%, and the return on assets is 12.40%. All in all, it is clear that it needs to be included on the watch list now.
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Of course, we must go beyond the financial situation and question whether these numbers can well represent the sustainable profitability of the company. Investors need to understand the sustainability of current trends. Now, the short position ratio is 2.12 and the outstanding shares are 113.22 million.
Company outlook
After this news came out, trading volume has increased, and investors are putting their support behind the value proposition. In addition, the 10-day trading volume is 880,000, which may increase in the coming weeks. Traders will also notice that the company’s earnings per share are 3.66. Now, ServiceNow Inc. also notes that the assets at the end of the previous quarter were $6.52 billion. Investors should also pay attention to industry updates, because NOW has always followed its peers on good news.
All in all, ServiceNow Inc. has now collected reliable data and demonstrated the underlying fundamentals. At current valuations, NOW represents an interesting risk/return case. Traders should remain vigilant to understand whether this recent report will push the stock to test near-term resistance.
Now, ServiceNow Inc. has a market capitalization of 94.70B and a circulation of 189.61M. It is now improving its credibility in this field, which may cause the product to hang upside down. Register now to continue to cover NOW stocks and other popular stocks, get our free newsletter now, and get the next breakthrough pick!
Disclosure: We currently do not hold long or short positions, and we have not received any compensation for this article.
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