ServiceNow Inc. (NYSE: NOW) ended Wednesday with a reduction of -$ 20.6 to close at $ 412.25, a downside of -4.76 percent. An average of 2,074,920 shares of common stock have been traded in the last five days. There was a fall of -$ 8.11 in the last week, and it hit a new high 41 times in the past 12 months. The last 20 days have seen an average of 2,012,265 shares traded, while the 50-day average volume is at 1,681,404.
NOW the stock is down -19.86% over the previous month. The company’s shares hit their 1-month low point of $ 406.47 on 05/12/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company hit a low of $ 406.47 and a high of $ 707.60 in 52 weeks. It reached a new high 1 time so far this year and lost -36.49% or -$ 236.86 in price. Despite this, the price dropped -41.74% from a 52 -week high.
Insider Transactions
It has been 6 days since ServiceNow Inc. last reported. (NOW) the activity of insider trading. Smith Paul John, Chief Commercial Officer, acquired $ 125 shares at $ 446.04 per share on May 13. In this transaction, the insider spent $ 55,754. Chief People Officer, Canney Jacqueline P, disposed of 580 shares at a price of $ 431.51 on May 09. The insider now owns more than $ 250,276 worth of shares. Prior to that, Chief Commercial Officer Smith Paul John continued to Sale 39 shares at $ 444.36 each on May 09. A total of $ 17,330 was transacted.
Metrics of Appreciation
ServiceNow Inc. (NOW) has a trailing price-to-earnings (P/E) ratio of 375.11. The beta of the stock is 1.12. Other valuation ratios to be considered include the trailing price-to-sales (P/S) ratio at 12.63, the price-to-book (PB) ratio at 20.63, and the price-to-cash flow ratio. at 40.55.
Financial health
The fast ratio of ServiceNow Inc. for the three months ended March 30 was 1.10, and the current ratio is 1.10, indicating that the company is meeting its debt obligations. In addition, the company has a long -term debt to equity ratio of 0.37 and a total debt to equity ratio of 0.39 for the quarter ending March 30. Its total profit as reported is at $ 4.54 billion compared to revenue of $ 5.9 billion.
For investors, determining the potential profitability of an investment also depends on the management performance of the company. Over the past 12 months, the return on assets of ServiceNow Inc. is 2.20%.
Income Surprise
For the three -month period that ended on March 30, ServiceNow Inc. has $ 1.76 billion in cash. In the quarter under review, net income increased than in the previous quarter. The company posted net income of $ 75.0 million in the quarter, while revenues declined -9.33%. The consensus analyst expects ServiceNow Inc.’s latest earnings. was in at $ 1.7 per share, but became $ 1.73, a 1.80% surprise. For the quarter, EBITDA reached $ 271.0 million. The shareholders own equity worth $ 20.0 million.
Technical Picture
From a technical analysis perspective, let’s look at ServiceNow Inc’s price momentum. (NOW). The 9 -day RSI at the close on May 18 was 33.28%, suggesting that the stock is Neutral, with historical volatility in this time frame at 56.74%.
Right now, the NOW price is $ 432.72 -1.93% or -$ 8.11 from its 5 -day moving average. NOW is currently trading -18.40% lower than its 20 -day SMA and -36.44% lower than its 100 -day SMA. However, the current stock price level is -20.45% below the SMA50 and -29.49% below the SMA200.
The stochastic %K and %D were 18.26 %and 26.56 %, respectively, and the average true range (ATR) was 28.64. With the 14-day stochastic at 5.64% and the average true range at 27.93, the RSI (14) is at 35.69%. The stock reached -7.20 on the 9 -day MACD Oscillator while the 14 -day reading was at -24.86.
Analyst Ratings
Wells Fargo launches coverage on ServiceNow Inc. (NYSE: NOW) in the analyst report released on May 18, 2022. The firm assigned the stock an Overweight rating. The consensus rating for ServiceNow Inc. (NOW) to analysts is Buy. According to current brokerage recommendations, 1 brokerage firm advises investors to sell NOW, while 1 suggests that investors hold. There are 0 analysts who rate the stock as underweight. The stock was rated overweight by 1 analyst, while 27 others rated it as a “buy”.
What is the NOW price target for the next 12 months?
Analysts predict a range of price targets between $ 595.00 and $ 752.00, with a median target of $ 663.00. Looking at these predictions, the average price target provided by analysts for ServiceNow Inc stock. (NOW) is $ 663.33.