ServiceNow Inc. [NYSE: NOW] loss -12.74% or -62.46 points to close at $ 427.94 with a heavy trading volume of 6849011 shares. The company reported on July 7, 2022 that ServiceNow will announce Second Quarter 2022 Financial Results on July 27.
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ServiceNow (NYSE: NOW) today announced that it will release financial results for the second quarter ended June 30, 2022, following the market close on Wednesday, July 27, 2022. ServiceNow will host a conference call and live webcast to discuss financial results.
It opened the trading session at $ 461.25, shares rose to $ 466.725 and dropped to $ 424.79, the range in which the stock’s price traded throughout the day. The daily chart for NOW points out that the company has recorded a -24.44% loss over the past six months. However, it is still -5.28% lower than its most recent low trading price.
If we look at the average trading volume of 1.70M shares, NOW reached the volume of 6849011 on the last trading day, which is why market watchdogs consider the stock to be active.
Here’s what top equities market gurus have to say about ServiceNow Inc. [NOW]:
Based on careful and fact-backed analysis by Wall Street experts, the current agreed target price for NOW shares is $ 628.87 per share. Analysis of the target price and performance of stocks is usually carefully analyzed by market experts, and the current Wall Street consensus on NOW stocks is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on a scale from 1 to 5, where 5 would mean strong sell, 4 would represent Sell, 3 would Hold, and 2 would indicate Buy.
Wells Fargo made an estimate for shares of ServiceNow Inc., which maintains their opinion on the stock as overweight, along with their previous recommendation on May 18, 2022. The new price target note was released on March 29. , 2022, which represents the official price target for ServiceNow Inc stock. Previously, the target price had another increase to $ 650, while Piper Sandler analysts maintained an Overweight rating on the NOW stock. On January 27, 2022, analysts reduced their target price for NOW shares from 775 to 660.
The Average True Range (ATR) for ServiceNow Inc. is set at 23.82, with the Price to Sales ratio for the NOW stock during the last 12 months worth 13.79. The Price to Book ratio for the last quarter was 21.42, with the Price to Cash per share for the same quarter set at 19.91. Price on Free Cash Flow for NOW over the course of the last twelve months is 44.27 with the Fast ratio for the last quarter at 1.10.
Analysis of trading performance for NOW stock
ServiceNow Inc. [NOW] fell in the red zone at the end of last week, fell into a negative trend and dropped by -13.71. In this latest performance, NOW shares have dropped -13.06% over the past four -week period, moreover have sunk -24.44% over the past 6 months -not to mention a -23.84% decline over the past year. of trading.
Overbought and oversold stocks can be easily traced using the Relative Strength Index (RSI), where an RSI result above 70 will be overbought, and any rate below 30 will indicate oversold conditions. . An RSI rate of 50 represents a neutral market momentum. The stock’s current RSI for NOW for the last two -week period is set at 37.53, with the RSI for the last single trade hitting 29.95, and the three -week RSI is set at 41.24 for ServiceNow Inc. [NOW]. The current Moving Average for the last 50 trading days for this stock is 464.96, while it was recorded at 480.57 for the last one trading week, and 564.25 for the last 200 days.
ServiceNow Inc. [NOW]: A deeper dive into basic analysis
The Operating Margin for any stock indicates how profitable the investment will be, and ServiceNow Inc. [NOW] the shares currently have an operating margin of +4.36 and a Gross Margin of +77.05. The Net Margin of ServiceNow Inc. is currently recorded at +3.90.
Return on Equity for this stock is skewed at 7.04, with Return on Assets sitting at 2.36.
ServiceNow Inc. liquidity data. is similarly interestingly compelling, with a Fast Ratio of 1.10 and a Current Ratio set at 1.10.
ServiceNow Inc. [NOW]: An analysis of earnings per share (EPS).
The company’s growth can be observed through the prism of the EPS growth rate, while Wall Street analysts are focused on predicting the 5-year EPS growth rate for NOW. When it comes to the aforementioned amount, analysts expect a 5-year EPS growth rate for ServiceNow Inc. will reach 26.94%.
An insider ownership review of ServiceNow Inc. [NOW]
There is currently approximately $ 85,975 million, or 90.30% of NOW stock, in the hands of institutional investors. The top three institutional holders of NOW stocks are: VANGUARD GROUP INC with ownership of 16,295,607, which is approximately 1.914% of the company’s market cap and approximately 0.10% of the total institutional ownership; BLACKROCK INC., Which holds 16,092,858 shares of stock with an estimated value of $ 7.89 billion in NOW stocks; and PRICE T ROWE ASSOCIATES INC /MD /, currently has $ 6.97 billion in NOW stock with an ownership of nearly 0.535% of the company’s market capitalization.
Positions in the stocks of ServiceNow Inc. held by institutional investors rose at the end of July and during the July reporting period, during which 732 institutional holders raised their position in ServiceNow Inc. [NYSE:NOW] of approximately 11,854,537 shares. Additionally, 637 investors reduced positions of approximately 10,936,756 shares, while 168 investors held positions of 152,525,244 shares. The aforementioned changes put institutional holdings at 175,316,537 shares, according to the latest SEC report filing. NOW the stock has 145 new institutional investments for a total of 4,026,834 shares, while 150 institutional investors are selling positions of 1,649,384 shares in the same period.