The stock of ServiceNow Inc. (NYSE:NOW) traded down -$21.34 on Friday to end at $444.69, down -4.58 percent. The last five days saw an average of 919,860 shares of common stock traded. New highs were reached 1 time in the current year, with a fall of -$204.42. The average number of shares traded in the last 20 days was 1,400,340, while the average volume in the last 50 days stood at 1,698,850.
NOW stock appreciated 1.88% from last month. On 07/28/22, the company’s shares hit a one-month low of $423.69. The stock hit a high of $707.60 on 01/03/22, after rallying from a 52-week low of $406.47. NOW stock price is down -31.49% or -$204.42 this year, reaching a new high of 1 time. However, the stock price is down -37.16% from its 52-week high.
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Insider Transactions
It has been 11 days since ServiceNow Inc last reported. (NOW) insider trading activity on August 18. On August 18, General Counsel ELMER RUSSELL S sold 758 shares at $486.36 each. This transaction resulted in the insider making $368,661. On August 18, Smith Paul John sold 411 shares at a price of US$482.95. After the transaction, the insider now owns 2,467 shares. Chief Commercial Officer Smith Paul John previously sold 130 shares on August 15 at $502.81 per share. The transaction was completed for $65,366.
Valuation Metrics
ServiceNow Inc. (NOW) has a trailing price-to-earnings (P/E) ratio of 490.83. The beta for the stock is 0.94. There are also some other valuation ratios to consider, including the trailing price-to-sales (P/S) ratio of 14.26, the price-to-book (PB) ratio of 21.31, and the price-to -cash flow ratio of 46.56.
Financial health
For the three months ended June 29, ServiceNow Inc.’s quick ratio. is 1.10, while its current ratio is 1.10, indicating its ability to pay its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 was 0.35, and its total debt to equity ratio was 0.35. As far as profitability is concerned, the gross margin for the last twelve months is 77.50% percent. ServiceNow Inc.’s operating margin. stood at 3.30% for the same period. Based on annual data, it has a total revenue of $4.54 billion and a profit of $5.9 billion.
Investors will also look at the performance of the company’s management to determine the potential profitability of their investment. NOW’s return on assets (ROA) over the past 12 months is 1.70%. There was a 4.50% return on investment (ROI) last year. Meanwhile, the return on equity (ROE) in the last 12 months was 4.80%.
Earnings Surprise
According to the quarterly financial report of ServiceNow Inc. for the quarter ended June 29, it had $2.17 billion in cash and short-term investments. A higher net profit was reported in the quarter under review than the previous quarter. Net income for the quarter reached $1.75 billion, while revenues rose 19.58% to $1.72 billion. It is predicted that the quarterly earnings of ServiceNow Inc. was going to be $1.62, but it ended up at $1.54, beating the consensus by 5.20%. EBITDA was $213.0 million for the quarter. At the end of ServiceNow Inc.’s most recent quarter. ended June 29, its liabilities reached 6.91 billion, while its total debt was $2.14 billion. Equity owned by shareholders is valued at $20.2 million.
Technical Image
Here’s a quick look at ServiceNow Inc’s price momentum. (NOW) from a technical point of view. As of August 26, the 9-day RSI stands at 33.00%, suggesting that the stock is Neutral, with a 28.25% historical volatility rate.
The stochastic %K and %D are 7.41% and 7.42% respectively, while the average true range (ATR) is 16.28. Based on the 14-day stochastic reading of 0.03%, the RSI (14) reading is 39.95%. On the 9-day MACD Oscillator, the stock is at -14.95, and the 14-day reading is at -26.28.
Analyst Ratings
In an analyst report released on August 12, 2022, Guggenheim started coverage on ServiceNow Inc. (NYSE: NOW). The stock is rated as Neutral by the brokerage firm. Analysts assigned ServiceNow Inc. (NOW) of Buy rating. NOW is a stock recommended for sell by 1 brokerage firm, while 2 firms recommend holding. The stock is underweight by 0 analysts. Among the analysts rating the stock, 2 rate it overweight and 28 others recommend it a buy.
What is NOW’s price target for the next 12 months?
The current consensus forecast for the stock is between $495.00 and $752.00, with a median target price of $550.00. Reviewing these predictions, the average price target given by analysts for ServiceNow Inc. (NOW) is $553.83.