As of Thursday’s close, ServiceNow Inc.’s stock (NYSE:NOW) rose $21.55, up 4.57 percent to $493.00. The average number of shares traded per day over the past five days is 1,917,840 shares. New highs were achieved 5 times in the past 5 days, with a $56.50 gain in that time frame. In the last twenty days, the average volume was 2,172,090, while in the previous 50 days, it was 1,810,572.
Since last month, NOW stock has retreated -0.06%. The company’s shares fell to $407.50 on 07/14/22, the lowest level in the previous month. The 52-week high of $707.60 was reached on 01/03/22 after rallying from the 52-week low of $406.47. Since the beginning of this year, NOW stock price has decreased by -24.05% or -$156.11, and marked a new high of 1 time. However, the stock is down -30.33% since its 52-week high.
Last reported by ServiceNow Inc. (NOW) insider trading activity 4 days ago on August 01. Chadwick Jonathan, the Director of the company, disposed of 1,000 shares for $450.58 on August 01. This resulted in $450,580 of insider divestment. Canney Jacqueline P sold 999 shares at an average price of $451.69 on Aug 01. The insider now owns 728 shares following the transaction. On August 01, General Counsel ELMER RUSSELL S sold 4,812 shares at $438.99 each. The transaction was valued at $2,112,420.
Valuation Metrics
Currently, ServiceNow Inc. (NOW) has a P/E ratio of around 544.15. The beta of the stock is 0.95. Apart from these, trailing price-to-sales (P/S) ratio of 15.04, price-to-book (PB) ratio of 23.62, and price-to-cash flow ratio of 49.09 can also be considered- regards
Financial health
In the three months ended June 29, ServiceNow Inc.’s quick ratio. stood at 1.10, while its current ratio is 1.10, showing that the company can afford to pay off its debt. According to the company’s report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.35, and the total debt-to-equity ratio was 0.35. On the profitability front, the trailing twelve month gross margin is 77.50% percent. In the year ended June 29, operating margins reached 3.30%. Based on annual data, NOW earned $4.54 billion in total revenue and brought in $5.9 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. Last year, the return on investment (ROI) was 4.50%. The return on equity (ROE) over the past 12 months was 4.80%.
According to the earnings report, the company has higher net income in the recent quarter than the previous quarter. NOW’s revenue rose 19.58% to $1.72 billion during the quarter, while net income reached $1.75 billion. While analysts expect ServiceNow Inc. to report of $1.54 quarterly earnings, the actual number was $1.62 per share, beating the consensus estimate by 5.20%. During the quarter, the company generated $213.0 million in EBITDA. ServiceNow Inc.’s responsibilities. was 6.91 billion at the end of its most recent quarter ended June 29, and its total debt was $2.14 billion. The value of shareholders’ equity is $20.2 million.
Technical Image
This quick technical analysis looks at the price momentum of ServiceNow Inc. (NOW). With historical volatility rate of 49.74%, RSI 9-day stood at 67.69% on 04 August.
In relation to its five-day moving average, the current price of ServiceNow Inc. increased by +12.94% percent or $56.50. Currently, NOW shares are trading -0.81% below its 20-day simple moving average and -3.74% percent below its 100-day simple moving average. However, the stock is currently trading about +14.62% above its SMA50 and -26.00% below its SMA200.
The Stochastic coefficient K is 91.52% and the Stochastic coefficient D is 84.15%, while the ATR is 22.49. Given the Stochastic reading of 96.81% for 14 days, the RSI (14) reading is calculated as 60.59%. Currently, the MACD Oscillator reading is at 21.05, while the 14-day reading is at 23.40.
Analyst Ratings
Bernstein launched its rating on ServiceNow Inc. (NYSE:NOW) to an Outperform in a note to investors on July 20, 2022. ServiceNow Inc. (NOW) is rated Buy by analysts. According to 1 brokerage firm, NOW is a sell, and 1 firm recommends it a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts have rated the ServiceNow Inc stock. as a buy, of which 29 recommend it as overweight.
With a median target price of $550.00, the current consensus estimate for the stock is $490.00 – $752.00. Based on these forecasts, analysts predict that ServiceNow Inc. (NOW) will achieve an average price target of $558.35.