ServiceNow Inc. (NYSE: NOW) saw a downside of -1.74% to close Monday at $ 569.80 after subtracting -$ 10.08 on the day. The 5-day average trading volume was 1,633,280 shares of the company’s common stock. It gained $ 583.85 in the past week and reached a new high 4 times over the past 5 days. An average of 1,577,385 shares of the company have been traded over the past 20 days, and the 50-day average volume is at 1,914,070.
NOW’s 1 month performance was 0.72% or $ 13.79 at its low of $ 491.31 reached on 03/15/22. The company’s shares hit a 52-week low of $ 448.27 and a high of $ 707.60, with the stock rallying to the 52-week high occurring on 01/03/22. YTD, NOW lost -12.22% or -$ 79.31 and reached a new high 1 times. However, the current price dropped -19.47 %% from the 52 -week high price.
Insider Transactions
As of Mar 02, 20 days have passed since the last insider trading activity for ServiceNow Inc. (NOW). LUDDY FREDERIC B (Director) most recently sold 6,267 shares at $ 579.94 per share on Mar 02. This transaction cost the insider $ 3,634,497. The director, LUDDY FREDERIC B, sold 333 shares at a price of $ 587.50 on Mar 02. Then, on Feb 28, Chief Operating Officer Desai Chirantan Jitendra sold 5,000 shares at a price of $ 575.44 per share. This transaction amounted to $ 2,877,205.
Metrics of Appreciation
NOW the stock has a beta of 1.06. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio was 18.89 while the price-to-book (PB) in the most recent quarter was 30.73, with a price to cash flow ratio at 61.91.
The fast ratio of ServiceNow Inc. for the period ended September 29 was 1.10, with the current ratio for the same period being 1.10. Also, the company’s long -term debt to equity for the quarter ending Sept. 29 is 0.40, while its total debt to equity is 0.43. In terms of profitability, the gross margin following 12 months is 77.10%. The company’s total profit as reported reached $ 4.54 billion against revenue of $ 5.9 billion.
Earnings Surprises
For the quarterly period ending September 29 this year, ServiceNow Inc.’s cash and short -term investments. reached $ 1.58 billion against total debt of $ 2.23 billion. Net revenue and sales rose compared to numbers reported in the previous quarter. Net income grew 35.96% to $ 26.0 million, while revenue of $ 63.0 million was -142.31% from the previous quarter. Analysts expected NOW to announce $ 1.38 per share in earnings in its most recent quarter, but it posted $ 1.55, representing a 12.30% surprise. EBITDA for the quarter reached more than $ 251.0 million. NOW the stock balance sheet for the quarter ending Sept. 29 shows that total liabilities reached 7.1 billion, with total debt at $ 2.23 billion. The shareholders hold equity totaling $ 20.0 million.
Let’s take a look at the price momentum of ServiceNow Inc. (NOW) from the perspective of technical analysis. The 9-day relative strength index at the close on March 21 was 56.36% to suggest that the stock is trending Neutral, with historical volatility during this period at 69.21%.
The 5-day moving average of the stock is $ 555.60, showing +15.09% or $ 74.70 change from its current price. NOW is currently trading +2.48% above its 20-day SMA, -15.80% above its 100-day SMA. However, the current stock price level is far from the SMA50 of -0.74% and SMA200 of+23.69%.
Stochastic % K and % D are 76.12 % and 63.80 % and the average true range (ATR) is directed at 29.44. The RSI (14) points to 53.25%, while the 14-day stochastic is at 76.94% with the season’s ATR at 29.61. The stock’s 9-day MACD Oscillator points to 30.08 and 28.36 on the 14-day charts.
Analyst Ratings
In the latest analyst report for ServiceNow Inc. (NYSE: NOW), Piper Sandler upgraded it to an Overweight rating. They previously had a Neutral rating on the stock. Analysts who offer their rating for the NOW stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate NOW as a “sell,” while 2 advise investors to “Hold.” 0 analysts rated the stock as underweight. 2 rated the stock as overweight while 30 offered a “buy” rating.
What is the NOW price target for the next 12 months?
Analysts have a consensus target price ranging from a low of $ 600.00 and a high of $ 850.00, with their median target price at $ 700.00. Looking at these predictions, the average price target given by analysts is for ServiceNow Inc stock. (NOW) is $ 697.28.