ServiceNow Inc. (NOW) will bring a smile to investors. The average target price set by analysts is $476.83

ServiceNow

At the end of the latest closing price, the price of ServiceNow Inc. (NOW) was $509.09. In this particular trading day, the stock opened at a price of US$516.51 and reached a peak of US$522.77 at the same time. The lowest record for the day was US$511.23. The current value of the stock is $518.30.

In the recent news on October 12, 2020, ServiceNow became the official workflow partner of the NBA and WNBA. ServiceNow played a key role in the safe return of the NBA and WNBA seasons.You can read more details here

In terms of market performance, ServiceNow Inc. performed well. The 1-year highest price of the company’s stock was recorded at $522.77 on 10/13/20, and the lowest price during the same time period was $238.93, which was recorded on 03/18/20.

ServiceNow Inc. (NOW) annual performance was 92.36%

The price record (including the low and high price history in 52 weeks) can fully explain the current status and future performance of the stock. Currently, ServiceNow Inc.’s share price has recorded a 0.53% from its high price in 52 weeks, which is 142.21% higher than the lowest price in the same period. The stock’s price range in 52 weeks managed to maintain its performance between $213.99 and $515.55.

The company’s daily trading volume of stocks in the technology sector successfully reached the highest level of approximately 1179615, which is significantly lower than the average daily trading volume of stocks.

In terms of year-to-date indicators, ServiceNow Inc. (NOW)’s market performance was 83.59%, and quarterly revenue showed 22.37% compared with the same period last year. At the time of writing, the company’s total market capitalization is set at 97.04B, with a total of 11,901 employees.

ServiceNow Inc. (NOW) in the eyes of market experts

In the past month, 25 analysts gave ServiceNow Inc. a buy rating. One of the analysts surveyed marked the stock as “overweight”, and six analysts suggested keeping the stock, of which one One of them gave the stock a rating of “owed right”, and one of them gave the stock a rating. The analysts surveyed provided a sell rating.

According to the data provided on Barchart.com, the company’s 100-day moving average is set at 436.56 and the price change is recorded at +134.66. In a similar manner, ServiceNow Inc. recorded a +35.10% change in the past 100 days with a transaction volume of 1,610,494.

The total debt-to-equity ratio (D/E) can also provide valuable insights about the company’s financial status and market conditions. The debt-to-equity ratio can be calculated by dividing the company’s current total liabilities by shareholders’ equity. Therefore, debt-to-equity swaps have become an important indicator of the company’s debt to support assets, and it is related to the value of shareholders’ equity. At the time of writing, NOW’s total debt-to-equity ratio is 0.00. In addition, the long-term debt to equity ratio is set at 0.28.

ServiceNow Inc. (NOW): Stock Technical Analysis and Trends

In the last 50 days, ServiceNow Inc.’s original random average was set at 95.71%. The results show that in the past 20 days, compared with the original random average, there has been an improvement, recording 94.47%. In the past 20 days, the company’s random %K was 94.13%, and its random %D was 92.71%.

If we study the earlier routines of ServiceNow Inc., we will notice multiple trends. Considering the fact that the indicator recorded 83.59%, the year-to-date price performance of the company’s stock appears to be pessimistic. In addition, stock transactions have increased significantly by 75.15% in the past six months, and by 92.36% in the last twelve months. On the 7-day chart, the stock has gained about 5.44% and has fallen by 13.15% in the past 30 days. In the last record quarter, common stocks rose by 22.37%.

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