ServiceNow Inc. (NYSE: NOW) ended Wednesday with a reduction of -$ 25.27 to close at $ 527.95, a downside of -4.57 percent. An average of 1,656,900 shares of common stock have been traded in the last five days. There has been a fall of -$ 46.04 in the past week, and it has reached a new high 30 times over the past 12 months. The last 20 days have seen an average of 1,501,335 shares traded, while the 50-day average volume is at 1,676,558.
NOW the stock is up 1.88% last month. The company’s shares hit their 1-month low point of $ 491.31 on 03/15/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company hit a low of $ 448.27 and a high of $ 707.60 in 52 weeks. It has reached a new high 1 time so far this year and has lost -18.67% or -$ 121.16 in price. Despite this, the price dropped -25.39% from a 52 -week high.
Insider Transactions
It has been 2 days since ServiceNow Inc. last reported. (NOW) the activity of insider trading. LUDDY FREDERIC B, Director, recently acquired $ 6,600 shares at $ 556.81 per share on Apr 05. In this transaction, the insider spent $ 3,674,925. Chief Information Officer, Bedi Christopher, disposed of 700 shares at a price of $ 581.04 on Mar 25. The insider now owns more than $ 406,728 worth of shares. Prior to that, Director LUDDY FREDERIC B went on to Sell 333 shares at $ 587.50 each on Mar 02. A total of $ 195,639 was transacted.
Metrics of Appreciation
ServiceNow Inc. (NOW) has a trailing price-to-earnings (P/E) ratio of 465.56. The beta of the stock is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 18.18, the price-to-book (PB) ratio at 28.48, and the price-to-cash flow ratio at 59.57.
Financial health
The fast ratio of ServiceNow Inc. for the three months ended Sept. 29 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 0.40 and a total debt to equity ratio of 0.43 for the quarter ending Sept. 29. Its total revenue 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 2.40%.
Earnings Surprises
For the three -month period that ended Sept. 29, ServiceNow Inc. has $ 1.58 billion in cash. In the quarter under review, net income increased than in the previous quarter. The company posted net income of $ 26.0 million in the quarter, while revenues grew 35.96%. The consensus analyst expects ServiceNow Inc.’s latest quarter earnings. was in at $ 1.38 per share, but it turned out to be $ 1.55, a 12.30% surprise. For the quarter, EBITDA reached $ 251.0 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 06 April was 39.79%, suggesting that the stock is Neutral, with historical volatility during this period at 54.00%.
Right now, the NOW price is $ 552.31 -8.02% or -$ 46.04 from its 5 -day moving average. NOW is currently trading -5.65% lower than its 20 -day SMA and -22.27% lower than its 100 -day SMA. However, the current stock price level is +6.64% above the SMA50 and -3.31% below the SMA200.
The stochastic %K and %D were 33.08 %and 46.67 %, respectively, and the average true range (ATR) was 26.37. With the 14-day stochastic at 10.09% and the average true range at 27.01, the RSI (14) is at 43.39%. The stock reached -12.22 on the 9 -day MACD Oscillator while the 14 -day reading was at -16.96.
Analyst Ratings
Exane BNP Paribas downed ServiceNow Inc. (NYSE: NOW) on an Underperform rating in its latest analyst report. Previously, the stock was rated as a Neutral. 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 2 suggests that investors hold. There are 0 analysts who rate the stock as underweight. The stock was rated overweight by 2 analysts, while 29 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 $ 600.00 and $ 850.00, with a median target of $ 700.00. Looking at these predictions, the average price target provided by analysts for ServiceNow Inc stock. (NOW) is $ 696.29.