ServiceNow Inc. [NYSE: NOW] the price rose 4.57 percent to reach $21.55. The company reports on July 27, 2022 that ServiceNow Reports Second Quarter 2022 Financial Results.
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Subscription revenues of $1,658 million in Q2 2022, representing 25% year-over-year growth, 29.5% adjusted for constant currency.
Total revenues of $1,752 million in Q2 2022, representing 24% year-over-year growth, 29.5% adjusted for constant currency.
A total of 3324358 shares were traded in the recent session while its average daily volume stands at 1.84M shares. Shares of ServiceNow Inc. reached a high of $495.48 and dropped to a low of $463.63 before ending the most recent session at $493.00.
The one-year NOW stock forecast points to a potential upside of 13.05. The average equity rating for NOW stock is currently 1.80, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on ServiceNow Inc. [NOW]:
Based on careful and fact-backed analysis by Wall Street experts, the current consensus price target for NOW shares is $566.96 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on NOW stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on a scale from 1 to 5, where 5 would mean a strong sell, 4 would represent a Sell, 3 would be a Hold, and 2 would indicate a Buy.
Bernstein made estimates for shares of ServiceNow Inc., maintaining their opinion on the stock as Outperform, along with their previous recommendation on July 20, 2022. While these analysts maintained the previous recommendation, Wells Fargo raised their target price at Overweight. The new price target note was issued on May 18, 2022, which represents the official price target for ServiceNow Inc stock. Previously, the target price had another increase to $460, while Exane BNP Paribas analysts maintained an Underperform rating on NOW stock.
The Average True Range (ATR) for ServiceNow Inc. is set at 22.12, with a Price to Sales ratio for NOW stock during the last 12 months worth 15.04. The Price to Book ratio for the last quarter was 23.62, where as the Price to Cash per share for the same quarter was set at 19.04. Price to Free Cash Flow for NOW over the course of the last twelve months is 49.09 with a Quick ratio for the last quarter at 1.10.
NOW Stock Performance Analysis:
ServiceNow Inc. [NOW] enter the green zone at the end of last week, becoming a positive trend and having 12.94. With this latest performance, NOW shares are down -0.06% over the past four-week period, in addition to have plunged -15.17% over the past 6 months – not to mention a -16.93% fall over the past year. of trading.
Overbought and oversold stocks can be easily traced using the Relative Strength Index (RSI), where an RSI result above 70 will be overbought, and any rate below 30 will indicate oversold conditions. . An RSI rate of 50 represents a neutral market momentum. The current RSI for NOW stock in for the last two-week period is set at 60.59, along with the RSI for the last one single trade was touched at 67.69, and the three-week RSI is set at 56.57 for ServiceNow Inc. [NOW]. The current Moving Average for the last 50 trading days for this stock is 464.38, while it was recorded at 463.86 for the last one trading week, and 548.10 for the last 200 days.
Insights into ServiceNow Inc. Fundamentals:
The Operating Margin for any stock indicates how profitable the investment will be, and ServiceNow Inc. [NOW] shares currently have an operating margin of +4.36 and a Gross Margin at +77.05. ServiceNow Inc.’s Net Margin is currently recorded at +3.90.
Return on Equity for this stock is leaning at 7.04, with Return on Assets sitting at 2.36.
ServiceNow Inc.’s liquidity data. is similarly interestingly compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
NOW Stock EPS
The company’s development can be observed through the prism of the EPS growth rate, while Wall Street analysts focus on predicting the 5-year EPS growth rate for NOW. Coming to the aforementioned value, analysts expect the 5-year EPS growth rate for ServiceNow Inc. will reach 26.54%.
ServiceNow Inc. [NOW] Insider Position Details
There is currently approximately $86,435 million, or 90.30% of NOW stock, in the hands of institutional investors. The top three institutional holders of NOW stocks are: VANGUARD GROUP INC with ownership of 16,295,607, which is about 1.914% of the company’s market cap and about 0.10% of total institutional ownership; BLACKROCK INC., which holds 16,092,858 shares of stock with an estimated value of $7.93 billion in NOW stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently has $7.01 billion in NOW stock owning about 0.535% of the company’s market capitalization.
Positions in ServiceNow Inc. stocks. held by institutional investors increased at the end of July and during the July reporting period, with 723 institutional holders increasing their position in ServiceNow Inc. [NYSE:NOW] of approximately 11,280,677 shares. Additionally, 646 investors reduced positions by approximately 11,207,557 shares, while 171 investors held positions by 152,835,386 shares. The aforementioned changes put institutional holdings at 175,323,620 shares, according to the most recent SEC filing. NOW the stock has 145 new institutional investments totaling 3,918,568 shares, while 158 institutional investors sold positions of 1,841,822 shares during the same period.