ServiceNow Inc. [NYSE: NOW] fell -$7.23 during the normal trading session on Thursday and reached an intraday high of $366.57 while it closed the day at $361.90. The company reported on October 6, 2022 that ServiceNow Secures Department of Health and Human Services Enterprise-Wide Contract.
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Sponsored
ServiceNow to partner with Carahsoft to provide essential functionality for HHS applications, help optimize inventory and reduce waste.
ServiceNow announced today that it has won an award, Blanket Purchase Agreement (BPA), with the US Department of Health and Human Services (HHS), part of the US General Services Administration (GSA). The agreement is with Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®, and has an estimated value of $250 million for a five-year performance period, through 2027.
The stock of ServiceNow Inc. has also lost -13.51% of its value in the last 7 days. However, NOW stock is down -16.92% in 3 months of the year. Meanwhile, in the past six months, it lost -31.21% and lost -44.25% year-on date.
The market cap for NOW stock stands at $76.24 billion, with 202.00 million shares outstanding and 201.33 million shares in current float. Compared to the average trading volume of 1.64M shares, NOW reached 2734691 trading volume in the last trading day, so market watchdogs consider the stock active.
Here’s what top stock market gurus are saying about ServiceNow Inc. [NOW]:
Based on careful and fact-backed analysis by Wall Street experts, the current consensus price target for NOW shares is $557.15 per share. Target price analysis and stock performance are usually carefully studied by market experts, and the current Wall Street consensus on NOW stock 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 a strong sell, 4 would represent a Sell, 3 would be a Hold, and 2 would indicate a Buy.
JP Morgan made estimates for shares of ServiceNow Inc., maintaining their opinion on the stock as Overweight, along with their previous recommendation on October 11, 2022. While these analysts maintained the previous recommendation, raised by MoffettNathanson set their target price to Hold. The new price target note was issued on September 22, 2022, which represents the official price target for ServiceNow Inc stock. Previously, the target price had another increase to $510, while Guggenheim analysts maintained a Neutral rating on NOW stock.
The Average True Range (ATR) for ServiceNow Inc. is set at 17.90, with a Price to Sales ratio for NOW stock during the last 12 months valued at 11.55. The Price to Book ratio for the last quarter was 17.34, with the Price to Cash per share for the same quarter set at 18.20. Price to Free Cash Flow for NOW over the course of the last twelve months is 37.71 with a Quick ratio for the last quarter at 1.10.
NOW stock trading performance analysis
ServiceNow Inc. [NOW] fell into the red zone at the end of last week, fell into a negative trend and went down -13.51. With this latest performance, NOW shares are down -20.89% over the last four-week period, in addition have plunged -31.21% over the past 6 months – not to mention a -43.40% drop 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 current stock RSI for NOW for the last two-week period is set at 33.70, along with the RSI for the last one single trade was touched at 30.26, and the three-week RSI is set at 36.22 for ServiceNow Inc. [NOW]. The current Moving Average for the last 50 days of trading for this stock is 437.63, while it was recorded at 377.06 for the last one week of trading, and 492.94 for the last 200 days.
ServiceNow Inc. [NOW]: An insightful look at the fundamentals
The Operating Margin for any stock indicates how profitable the investment will be, and ServiceNow Inc. [NOW] shares currently have an operating margin of +4.36 and a Gross Margin of +77.05. ServiceNow Inc.’s Net Margin is currently recorded at +3.90.
Return on Equity for this stock is leaning at 7.04, with Return on Assets sitting at 2.36.
ServiceNow Inc.’s liquidity data. is similarly interestingly compelling, with a Quick Ratio of 1.10 and a Current Ratio set at 1.10.
Earnings per share (EPS) analysis for ServiceNow Inc. [NOW] stocks
The company’s development can be observed through the prism of the EPS growth rate, while Wall Street analysts focus on predicting the 5-year EPS growth rate for NOW. Coming to the aforementioned value, analysts expect the 5-year EPS growth rate for ServiceNow Inc. will reach 26.54%.
ServiceNow Inc. [NOW]: Insider Owned positions
There is currently approximately $64,617 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 16,546,784, which is about 1.541% of the company’s market cap and about 0.10% of total institutional ownership; BLACKROCK INC., which holds 16,162,974 shares of stock with an estimated value of $5.85 billion in NOW stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently has $5.07 billion in NOW stock owning about -1.401% of the company’s market capitalization.
Positions in ServiceNow Inc. stocks. held by institutional investors increased at the end of October and during the October reporting period, where 726 institutional holders increased their position in ServiceNow Inc. [NYSE:NOW] of approximately 11,817,402 shares. Additionally, 613 investors reduced positions by approximately 8,965,759 shares, while 173 investors held positions by 157,767,186 shares. The aforementioned changes put institutional holdings at 178,550,347 shares, according to the most recent SEC filing. NOW the stock has 141 new institutional investments totaling 2,146,470 shares, while 145 institutional investors sold positions of 1,420,676 shares during the same period.