Why the latest report of ServiceNow Inc. (NOW) reveals some hints about its future


ServiceNow Inc. (NYSE: NOW) Compared with the latest closing price of $533.37, its latest closing price has increased by 3.41%. The company’s stock price has increased by 4.01% in the past five trading days. Barron’s reported on 10/28/20 that ServiceNow’s stock rebounded as the third quarter results exceeded expectations

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Is it worth investing in ServiceNow Inc. (NYSE:NOW) now?

ServiceNow Inc.’s (NYSE:NOW) price-to-earnings ratio is higher than its average ratio and is 145.02 times its current price-to-earnings ratio. In addition, the 36-month Beta value of NOW is 1.23. The view on this stock is very interesting. Among the 32 analysts who provided ServiceNow Inc. ratings, 24 analysts declared the stock a “buy”, while 1 rated the stock as “overweight” and 6 The stock is rated as “Hold”, with 0 as “Hold”. Sell. “

The analyst’s average price is $561.68, which is $8.75 higher than the current price. Now, the current public shareholding is 189.61M, and shorts hold 1.49% of that shareholding. Today, the average trading volume of NOW is 1.48 million shares.

Current market performance

NOW stock has grown 4.01% this week, monthly growth of 6.22%, quarterly performance of 23.16%, and annual performance rate of 120.05%. This week’s volatility was 4.06%, while ServiceNow Inc.’s volatility over the past 30 days was set at 3.12%. The simple moving average for the past 20 days is 4.87%, and the simple moving average for NOW stock is 35.15% of the last 200 days.

Analyst’s view

Many brokerage companies have already submitted reports on NOW stocks, and Needham listed NOW’s rating as “buy”, thus repeating NOW’s rating. According to the data of Needham, according to the research report released on October 29, 2020, the predicted price of NOW is US$538 in the future.

On the other hand, Canaccord Genuity stated in its research report that they hope NOW will reach the price target of $550, compared to the previous forecast price of $475. According to a report released on October 29, 2020, they provided a “buy” rating for NOW stock.

The current trading price is 9.06% higher than the 50-day moving average

In the past 52 weeks, after the market fell into a downturn, the company was unable to rebound after NOW fell to a low price, and is currently losing -0.43% in a given period.

The volatility remains at 3.12%, but in the past 30 days, the volatility has increased by 4.06% because the moving average stock price has risen by +6.96% in the past 20 days. In the past 50 days, the stock is currently trading at +8.89%.

In the last five trading days, NOW has risen by +4.01%, which has changed the 200-day moving average by +70.51% compared to the 200-day moving average of $508.16. In addition, ServiceNow Inc.’s annual turnover has declined by 88.11%, and there is a trend of further reduction.

secret deal

According to reports, from November 2nd, ELMER RUSSELL S sold 1,150 shares at a price of 1,499.21 US dollars, and there are now multiple internal trading activities. After this move, ELMER RUSSELL S now owns 7,077 shares of ServiceNow Inc., valued at US$574,092 based on the latest closing price.

ServiceNow Inc. director LUDDY FREDERIC B sold 36,942 shares at a price of US$488.15 in the November 2 transaction, which means that LUDDY FREDERIC B held 59,458 shares at the latest closing price of US$18,033,404.

Current stock basics

The current profitability of the company is:

  • Current operating profit margin +1.22
  • Gross profit margin +72.12

ServiceNow Inc.’s net profit margin is +18.11. The total return on capital is set at 1.67, while the return on invested capital manages to reach 25.17. The equity return is now 29.40 and the asset return is 10.60.

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According to ServiceNow Inc. (NOW), the company’s capital structure generated a total debt-to-equity liability of 53.14 points, while the total debt-to-capital equity was 34.70. The total assets and liabilities are 18.78, and the long-term debt-to-equity ratio is 50.67. Finally, the long-term debt-to-capital ratio is 33.09.

When we switched to between business and sales, we found that the ratio was 15.93 and the company’s debt to business value was 0.02. The company’s accounts receivable turnover ratio was 4.91, and the total asset turnover ratio was 0.70. The liquidity ratio is also very attractive to investors because it is 0.96.

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