The stock price of ServiceNow Inc. (NOW) is currently low at US$502.28. The average recommendation for this stock is a strong buy, while the current analyst’s price target is US$547.69.
In order to add more color to this goal, the company’s highest price last year was $537.53 and the lowest price was $238.93. In the past 52 weeks, NOW has risen by 93.21%, while S&P 500 has risen by 16.29%. The catalyst for this interesting fluctuation is the company’s recent earnings report.
Performance report
In the last quarter, NOW reported a profit of US$900.27 million. ServiceNow Inc.’s revenue has also grown to 1.15 billion US dollars. In addition, as of 2009-2020, NOW’s free cash flow was US$817.5 million. The company’s earnings before interest, taxes, depreciation and amortization (EBITDA) was $214.9 million, compared with peers.
Now, its booking profit margin is 16.60%, its return on equity (ROE) is 29.40%, and its return on assets is 10.60%. All in all, it is clear that it needs to be included on the watch list now.
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Of course, we must go beyond the financial situation and question the extent to which these numbers represent the company’s sustainable profitability. Investors need to understand the sustainability of current trends. NOW’s short position ratio is 1.71 and outstanding shares are 193.24M.
Company outlook
After this news came out, trading volume has now increased, and investors are putting their support behind the value proposition. In addition, the 10-day trading volume is 1.7 million, which may increase in the coming weeks. Traders will also note that the company’s earnings per share are 3.52. Now, ServiceNow Inc. also noticed that the assets at the end of the previous quarter were $7.71 billion. Investors should also pay attention to industry updates, because NOW has always followed its peers in terms of good news.
All in all, ServiceNow Inc. has now collected reliable data and demonstrated basic basic knowledge. At current valuations, NOW represents an interesting risk/reward case. Traders should remain vigilant to understand whether this recent report will push the stock to test near-term resistance.
Currently, ServiceNow Inc. has a market capitalization of 98.34B and a circulation of 192.91M. It is now improving its credibility in this field, which may cause the product to hang upside down. Register now to continue to cover NOW stocks and other popular stocks, get our free newsletter now, and get the next breakthrough pick!
Disclosure: We currently do not hold long or short positions, and we have not received any compensation for this article.
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