ServiceNow Inc. [NYSE: NOW] The stock rose by more than 5.48% on Thursday, a week of gains of more than 0.92%. The company pointed out in its report on October 29, 2020 that ServiceNow appointed Apple executive Larry Jackson as a member of its board of directors.
Leading workflow company ServiceNow (NYSE: NOW) makes work smoother and provides people with better jobs. Today it announced the appointment of Apple executive Larry Jackson to the board of directors, bringing the total number of directors on the ServiceNow board of directors to 11 people.
This press release has multimedia capabilities. View the full version here: https://www.businesswire.com/news/home/20201028006060/en/.
In the past 12 months, NOW stock has risen 104.28%. The one-year ServiceNow Inc. stock forecast pointed out that the potential decline is -4.53. Now, the average stock rating of NOW stock is 2.00, which is close to the bullish pattern of the stock market.
The market value of the stock reached 96.4 billion U.S. dollars, with 191.32 million shares outstanding, and 189.61 million shares outstanding. Compared with the average trading volume of 1.47 million shares, the current stock has a trading volume of 2,852,297 on the most recent trading day, which is why market regulators believe that the stock is active.
Master’s opinion on ServiceNow Inc. [NOW]:
According to the serious and fact-supported analysis of Wall Street experts, the current consensus on the target price of NOW stock is $488.48 per share. Market experts usually carefully study the analysis of the target price and stock performance, and the current Wall Street consensus on NOW stock is to set the recommendation at 2.00. This rating indicates a strong recommendation, from 1 to 5, where 5 means strong sell, 4 means sell, 3 means hold, and 2 means buy.
Needham estimated the shares of ServiceNow Inc. and maintained its stock view as a buy. Its previous recommendation dates back to October 29, 2020. Although these analysts retained their previous recommendations, Canaccord Genuity raised its target price from $475 to $550. The new comment on the price target was released on October 29, 2020, and represents the official price target for ServiceNow Inc. stock. On October 14, 2020, analysts increased their NOW stock target price from 511 to 600.
ServiceNow Inc.’s average true range (ATR) is set to 16.00, and the price-to-sales ratio of NOW stock in the last 12 months is 24.38. The price-to-book ratio of the previous quarter was 39.40, and the cash-to-cash ratio per share for the same quarter was 12.41. In the past twelve months, the price of NOW and the price of free cash flow were 85.35, and the quick ratio in the previous quarter was 1.20.
Current stock performance analysis:
ServiceNow Inc. [NOW] It entered the green zone last weekend, entered a positive trend and rose 0.92. With the latest performance, NOW’s stock has risen 5.28% in the past four weeks and another 50.39% in the past six months-not to mention a 104.28% increase in the past year.
The Relative Strength Index (RSI) can easily track overbought and oversold inventory, where the result of RSI over 70 will be overbought, and any interest rate lower than 30 will indicate oversold. An RSI rate of 50 will represent a neutral market momentum. The current RSI of NOW stock in the last two weeks was set to 53.23, the RSI of the last trading day reached 54.69, and the three-week RSI of ServiceNow Inc. was set to 56.37. [NOW]. The current moving average of the stock in the last 50 trading days was 483.77, and it was recorded as 502.01 in the last trading day and 389.36 in the last 200 days.
In-depth understanding of the basic principles of ServiceNow Inc.:
The operating profit margin of any stock indicates the richness of the investment, and ServiceNow Inc. [NOW] The stock’s current operating margin is +1.22, and the gross margin is +72.12. ServiceNow Inc.’s net profit is currently recorded at +18.11.
According to the latest development momentum, NOW’s total return on capital is now 1.67, while the company’s return on invested capital is 25.17. The stock’s return on equity tends to be 38.70 and the return on assets is 12.66. Regarding the company’s capital structure, ServiceNow Inc. [NOW] The ratio of total debt to total equity is set to 53.14. In addition, the ratio of NOW’s total debt to total capital is 34.70, and the ratio of total debt to total assets is 18.78. The company’s long-term equity record is 50.67, and the ratio of long-term debt to total capital is 33.09.
To reflect the efficiency of the company’s employees, ServiceNow Inc. [NOW] Each employee earns an average of US$60,428. The company’s accounts receivable turnover ratio was 4.91, and the total asset turnover ratio was 0.70. ServiceNow Inc.’s liquidity data is equally convincing, with a quick ratio of 1.20 and a current ratio of 1.20.
EPS now in stock
According to the company’s latest financial report, ServiceNow Inc. reported earnings per share of 0.96, while analysts’ average earnings per share were 0.87. After comparison, these two values show that the company exceeded the expected value of 10.30% surprise coefficient. The company’s progress can be observed through the prism of EPS growth rate, while Wall Street analysts focus on forecasting NOW’s 5-year EPS growth rate. When it comes to the aforementioned value, analysts expect ServiceNow Inc.’s 5-year EPS growth rate to reach 27.41%.
ServiceNow Inc. [NOW] Insider details
Currently, institutional investors have approximately 89.815 billion US dollars, accounting for 94.10% of NOW stock. The top three institutional holders of NOW stock are: PRICE T ROWE ASSOCIATES INC / MD /, with 16,263,418 ownership, accounting for -0.64% of the company’s market value, accounting for 0.10% of the total institutional ownership; VANGUARD GROUP INC, holding There are 15,633,958 shares, and the current stock value is approximately US$7.98 billion; BLACKROCK INC. It currently owns $7.97 billion in stocks and owns nearly 1.912% of the company’s market value.
ServiceNow Inc. stock positions held by institutional investors increased at the end of October and during the October reporting period, and 643 institutional holders increased their positions in ServiceNow Inc. [NYSE:NOW] About 10,996,842 shares. In addition, 382 investors reduced their holdings of approximately 13,280,845 shares, while 113 investors reduced their holdings of 151,627,617 shares. According to the latest report of the US Securities and Exchange Commission, the above-mentioned changes brought the institution’s shareholding to 175,905,304 shares. Now, NOW stock has 173 new institutional investments, totaling 1,424,949 shares, while 69 institutional investors sold 1,462,094 shares in the same period.
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