Currently, ServiceNow Inc. [NOW] is trading at $434.62, down -0.51%. To assess the recent performance of a stock, you can check whether its short-term value is increasing or decreasing. NOW shares have decreased -5.01% in the past week, with monthly value drifting -4.36%, and does not seem to hold for a long time.
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On August 25, 2022, ServiceNow to Present at Upcoming Investor Conferences. In a post published today on Yahoo Finance, ServiceNow (NYSE: NOW ) announced today that it will attend and have executives present at three upcoming investor conferences. These include:.
From an analyst’s perspective:
ServiceNow Inc. [NYSE: NOW] The stock saw the latest analyst activity on August 12, 2022, when Guggenheim initiated its Neutral rating and assigned the stock a price target of $510. Previously, Bernstein started tracking the stock with an Outperform rating on July 20, 2022, and set its price target at $646. On May 18, 2022, Wells Fargo initiated an Overweight rating and assigned a $600 price target on the stock. Exane BNP Paribas lowered its rating to an Underperform but maintained its price target of $460 on March 29, 2022. Piper Sandler upgraded its rating to Overweight but the analyst firm’s price target remained at $650 on January 27 , 2022. Oppenheimer reiterated an Outperform rating for this stock on January 27, 2022, and lowered its target price to $660. In a note dated January 27, 2022, Morgan Stanley reiterated the Overweight rating on this stock and raised its target price from $807 to $810.
This stock has fluctuated between a low of $406.47 and a high of $707.60 over the past 52 weeks. Currently, Wall Street analysts expect the stock to reach $553.83 within the next 12 months. ServiceNow Inc. [NYSE: NOW] shares were worth $434.62 at the most recent market close. An investor can expect a potential return of 27.43% based on the average price forecast.
Analysis of NOW fundamentals
Recent quarter sales for ServiceNow Inc. [NYSE:NOW] was 1.75 billion representing a 24.30% growth. Gross Margin for this corporation currently stands at +77.05% with Operating Margin at +4.36%, Pretax Margin comes in at +4.22%, and Net Margin reading is +3.90%.
Before buying any particular stock, readers tend to pay attention to indicators that support and create resistance. The company’s stock is currently sitting at 430.31 points at the first support level, and at 425.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 442.47, and for the 2nd resistance point, it is at 450.31.
ServiceNow Inc. [NOW] reported earnings per share of $1.62 for its fiscal quarter ended 6/29/2022. Based on Wall Street analysts’ estimates, the company is expected to report earnings of $1.54/share, meaning a difference of $0.08 and a surprise factor of 5.20%. In comparison, reported earnings for the previous quarter ended 3/30/2022 were $1.73 per share compared to estimates of $1.7 per share, a difference of $0.03 representing a surprise of 1.80%.
Ratios to Expect
To put this into perspective, the Current Ratio for ServiceNow Inc. [NYSE:NOW] is 1.10. Additionally, Quick Ratio stands at 0.99 and Cash Ratio stands at 0.67. Considering the valuation of this stock, price to sales ratio is 22.37, price to book ratio is 35.07 and P/E (TTM) ratio is 479.71.
Insider transactions
In the last 3 months, 34 insiders bought 36,833 shares, and 82 sold 36,585 shares. Recent insider trading involving Mastantuono Gina, Chief Financial Officer, occurred on August 29 when 4262.0 shares were sold. General Counsel, ELMER RUSSELL S completed a deal on August 18 to sell 758.0 shares. Meanwhile, Chief Commercial Officer Smith Paul John sold 411.0 shares on August 18.