On October 14, 2022, ServiceNow Inc. opened. (NYSE: NOW) at $366.02, down -5.57% from the last session. During the day, shares peaked at $366.85 and dipped to $340.90 before settling for a closing price of $361.90. Price changes for NOW ranged from $337.00 to $707.60 over the past 52 weeks.
Top 5 Cheap Stocks to Own Today
While finding safe stocks with the potential for monster gains isn’t always easy, we’ve found a few that can pay off nicely. In fact, within our report, “Top 5 Inexpensive Stocks to Own Today”, we’ve identified five stocks that we believe will appreciate the most even if you only have $1,000 to invest.
Sign up here to get your free report today.
Sponsored
Annual sales in the Technology sector company have grown by 33.50% over the past five years. The company’s average annual earnings per share is noted to be 93.40% at the time of writing. With a float of $201.33 million, the remaining shares of this company have reached $202.00 million.
Let’s look at the company’s performance matrix accounted for 16881 employees. In terms of profitability, gross margin was +77.05, operating margin was +4.36, and pretax margin was +4.22.
ServiceNow Inc. (NOW) Insider Updates
The attitude of a major stock investor in the Software – Application industry is another important factor to consider. The insider ownership of ServiceNow Inc. is 0.10%, while institutional ownership is 90.40%. The most recent insider transaction that occurred on Oct 10, was worth 2,544,047. In this transaction, the Director of this company sold 6,600 shares for $385.46, bringing the stock ownership to 31,800 shares. Prior to that, another transaction occurred on Sep 19, when the Company’s General Counsel sold 2,666 for $422.80, making the total transaction $1,127,185. This insider now owns 6,627 shares in total.
ServiceNow Inc. (NOW) Performance Highlights and Predictions
If we look at the last quarter results, which were made public on 6/29/2022, the company posted $1.62 earnings per share (EPS) for the quarter, beating the consensus forecast (set at $1.54 ) of $0.08. This company achieved a net margin of +3.90 while generating a return on equity of 7.04. Wall Street market experts expect the next fiscal year to bring earnings of 2.09 per share in the current fiscal year.
According to Wall Street analysts, the stock’s earnings will be around 93.40% per share in the next fiscal year. For long-term projections, market analysts expect the company’s EPS to increase by 26.54% in the next five years compared to 19.60% growth in the previous five trading years.
ServiceNow Inc. (NYSE: NOW) Trading Performance Indicators
View current performance indicators for ServiceNow Inc. (NOW). In the previous quarter, the stock posted a quick ratio of 1.10. Additionally, the publicly traded company’s price to sales ratio for the trailing twelve months stands at 11.08. Also, its price to free cash flow for the next twelve months is 36.15.
For the next twelve months, the Company’s Diluted EPS (Earnings per Share) is 0.91, a number that is set to reach 1.85 in the next quarter and is forecast to reach 9.23 within a year.
Technical Analysis of ServiceNow Inc. (NOW)
ServiceNow Inc. saw (NYSE: NOW) saw its 5-day average volume of 2.32 million, a positive change from its year-to-date volume of 1.76 million. Over the past 9 days, the stock’s Stochastic %D is 11.84%. Additionally, its Average True Range is 18.55.
Over the past 100 days, the raw stochastic average of ServiceNow Inc. (NOW) was set at 2.58%, indicating a significant decrease from 4.94% in the past two weeks. Based on the stock’s volatility metrics, it has shown a historical volatility of 50.54% in the past 14 days, which is lower than the 52.32% volatility it has shown in the past 100 days.
At the time of writing, the stock’s 50-day Moving Average is $434.60, while its 200-day Moving Average is $491.38. However, the first resistance level for the watch is at $358.77 in the near term. At $375.79, the stock is likely to face the second major resistance level. The third major resistance level sits at $384.72. If the price continues to break the first support level at $332.82, it is likely to go to the next support level at $323.89. Assuming the price breaks the second support level, the third support level stands at $306.87.
ServiceNow Inc. (NYSE: NOW) Key Stats
There are currently 202,000K shares outstanding in the company with a market cap of 73.10 billion. Currently, the company’s annual sales total 5,896 M against its annual revenue of 230,000 K. Last quarter, the company’s sales reached 1,752 M and its revenue reached 20,000 K.