What Analyst Opinions About ServiceNow Inc. (NOW)? – The Baxter Report

ServiceNow Inc. (NOW) saw a downtrend of -0.53% in recent trading with $ 493.31 being its most recent. The current price level is -30.28% lower than the highest price of $ 707.60 marked by the stock while trading in the past 52 -weeks, while it is 21.36% higher than the lowest price of $ 406.47 the company lowered in past 52-weeks. The latest news on NOW came out on Insider Monkey under the headline “Top 10 Stocks to Buy in 2022 According to Motley Fools 1623 Capital” on Jul-06-22.

Squeezing the time period to 30 day period shows us that the stock is currently trading -3.36% below a one -month high and +16.30% above that period low. If you look at the simple moving average, the stock of ServiceNow Inc. (NOW) is at SMA-50 at $ 464.74 while the 5-day is at $ 485.38.

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Daily price rises and falls influence many of the traders, and in order to overcome its volatile impact and to keep a close eye on the stock, traders are more focused on the 200-day moving average. stock. At various points in trading activity, investors are more likely to use that measure as a strong indicator in knowing their support and resistance levels, and NOW’s SMA-200 is $ 567.86.

Do analysts rate it as a buy, sell or hold?

Regardless of recent performance, what matters is what the future holds. In uncertain economic times, a clear picture is hard to come by. Analysts generally have a good understanding of market works, giving them a step up in making predictions. Currently, the stock is recommended as a Strong Buy by 31 brokerage firms. Analyst ratings are often grouped into a single score from 1 to 5. A score of 1 indicates buy or strong buy, a score of 2 means outperform, a score of 3 means hold , and a score of 4 indicates poor performance. The simple numeric range of the brokerage firm mentioned on a scale of 1 to 5 reads the current average recommendation of 1.80 for the stock.

ServiceNow Inc. Revenues – What Happened To NOW

When it comes to sales and revenue numbers, publicly traded firms under normal circumstances post revenues and profits close to the average estimates of Wall Street analysts, but those may be higher or lower than estimates and is known as the surprise factor. In the reported three -month period, the company’s sales were $ 1.72 billion.

NOW – ServiceNow Inc. Stock Earnings Estimates

Investors obtain exact data about basic institutional ownership information in a listed company through its 13F filing with the Stock Exchange Commission (SEC). The total number of common shares currently publicly owned is 200.09 million. NOW there are institutional investors; and they hold 90.30% of the stock.

ServiceNow Inc. – Insider Activity and Holdings

Moreover, the latest SEC filing also revealed that the stock encountered 53 new insider purchases involving 32,940 shares. On the other hand, NOW declared that 122,287 shares were sold in 271 insider transactions in the past three months.

Currently, the stock is recommended as a Strong Buy by 31 brokerage firms. Analyst ratings are often grouped into a single score from 1 to 5. A score of 1 indicates buy or strong buy, a score of 2 means outperform, a score of 3 means hold , and a score of 4 indicates poor performance. The simple numeric range of the brokerage firm mentioned on a scale of 1 to 5 reads the current average recommendation of 1.80 for the stock.

Liquidity is a key characteristic of any stock and it is the main point of focus of both short -term as well as long -term investors before starting trading in a stock. In the most recent reported quarter, the current ratio recorded by ServiceNow Inc. is 0.99 while posting a debt to equity ratio of 0.39.

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ServiceNow Inc. Technical Analysis (NYSE: NOW) stock

To better understand the trading movements and behavior of investors, exploring short, medium and long term technical indicators along with the average volume of a stock is an effective way to use. When looking at those indicators for ServiceNow Inc. (NOW), we noticed that the 20-day average volume of the stock is at 1,447,220 shares. Medium term indicators at an average of 50% see the stock on Sell with its 50-day average volume of 1,772,552 shares. And in conclusion, NOW’s 100-day average volume is 1,625,250 shares with 100% of long-term indicators pointing towards Sell for the stock.

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