A share price of ServiceNow Inc. [NOW] is currently trading at $476.29, up 1.33%. An important factor to consider is whether the stock is increasing or decreasing in short-term value. NOW shares have gained 9.62% in the past week, with monthly value drifting -4.64%, and it doesn’t seem to hold for long.
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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 maintained the analyst firm’s $650 price target in 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.
ServiceNow Inc. experienced its stock price has fluctuated throughout the past year between $406.47 and $707.60. Currently, Wall Street analysts expect the stock to reach $553.83 within the next 12 months. ServiceNow Inc. [NYSE: NOW] shares were worth $476.29 at the most recent market close. An investor can expect a potential return of 16.28% based on the average price forecast.
Analysis of NOW fundamentals
In the last quarter, ServiceNow Inc. [NYSE:NOW] saw sales of 1.75 billion, an improvement of 24.30%. 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 469.47 points at the first support level, and at 462.65 for the second support level. However, for the 1st resistance point, the stock is sitting at 482.90, and for the 2nd resistance point, it is at 489.51.
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
The current ratio of 1.10 is a noteworthy aspect of ServiceNow Inc. [NYSE:NOW]. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 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 525.71.
Insider transactions
The next item on our agenda is insider trading, which has seen 38 insider purchases totaling 44,819 shares and 82 insider sales totaling 47,994 shares over the past 3 months. Recent insider trading involving LUDDY FREDERIC B, Director, occurred on Sep 01 when 6600.0 shares were sold. Chief Financial Officer, Mastantuono Gina completed a deal on August 29 to sell 4262.0 shares. Meanwhile, General Counsel ELMER RUSSELL S sold 758.0 shares on August 18.