ServiceNow Inc. (NYSE: NOW) saw a downside of -3.29% to $ 437.77 after deducting -$ 14.88 on Monday. The 5-day average trading volume was 1,787,949 shares of the company’s common stock. It gained $ 459.69 in the past week and hit a new high 3 times over the past 5 days. An average of 1,885,952 shares of the company have been traded over the past 20 days, and the 50-day average volume is at 1,649,401.
NOW’s 1 month performance was -13.96% or -$ 64.40 at its low of $ 406.47 reached on 05/12/22. The company’s shares hit a 52-week low of $ 406.47 and a high of $ 707.60, with the stock rallying to the 52-week high occurring on 01/03/22. YTD, NOW lost -30.27% or -$ 206.18 and reached a new high 1 times. However, the current price is down -38.13% from the 52 -week high price.
Insider Transactions
As of May 09, 7 days have passed since the last insider trading activity for ServiceNow Inc. (NOW). Canney Jacqueline P (Chief People Officer) most recently sold 580 shares at $ 431.51 per share on May 09. This transaction cost the insider $ 250,276. Chief Commercial Officer, Smith Paul John, sold 39 shares at a price of $ 444.36 on May 09. Then, on May 04, Director LUDDY FREDERIC B sold 229 shares at a price of $ 493.73 per share. This transaction amounted to $ 113,065.
Metrics of Appreciation
NOW the stock has a beta of 1.12. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio was 13.87 while the price-to-book (PB) in the most recent quarter was 22.66, with the price to cash flow ratio at 44.53 .
The fast ratio of ServiceNow Inc. for the period ended March 30 was 1.10, with the current ratio for the same period being 1.10. Also, the company’s long -term debt to equity for the quarter ending March 30 was 0.37, while its total debt to equity was 0.39. In terms of profitability, the gross margin following 12 months is 77.30%. The company’s total profit as reported reached $ 4.54 billion against revenue of $ 5.9 billion.
Income Surprise
For the quarterly period ending March 30 this year, ServiceNow Inc.’s cash and short -term investments. reached $ 1.76 billion against total debt of $ 2.21 billion. Net revenue and sales rose compared to numbers reported in the previous quarter. Net income decreased -9.33% to $ 75.0 million, while revenue of $ 26.0 million was 65.33% from the previous quarter. Analysts expected NOW to announce $ 1.7 per share in earnings in its most recent quarter, but it posted $ 1.73, representing a 1.80% surprise. EBITDA for the quarter reached more than $ 271.0 million. NOW the stock balance sheet for the quarter ending March 30 shows that total liabilities reached 7.0 billion, with total debt at $ 2.21 billion. The shareholders hold equity totaling $ 20.0 million.
Let’s take a look at the price momentum of ServiceNow Inc. (NOW) from the perspective of technical analysis. The 9-day relative strength index at the close on May 13 was 42.03% to suggest that the stock is trending Neutral, with historical volatility during this period at 62.91%.
The stock’s 5-day moving average is $ 436.24, showing +4.01% or $ 17.06 change from its current price. NOW is currently trading -10.97% above its 20 -day SMA, -29.84% above its 100 -day SMA. However, the current stock price level is far from the SMA50 of -19.04% and SMA200 of -24.66%.
Stochastic % K and % D were 33.82 % and 24.05 % and the average true range (ATR) was pointed at 27.59. The RSI (14) points to 41.28%, while the 14-day stochastic is at 33.91% with the season’s ATR at 27.15. The stock’s 9 -day MACD Oscillator points to -5.23 and -17.69 on the 14 -day charts.
Analyst Ratings
In the latest analyst report for ServiceNow Inc. (NYSE: NOW), Exane BNP Paribas downgraded it to an Underperform rating. They previously had a Neutral rating on the stock.
What is the NOW price target for the next 12 months?
Analysts have a consensus target price from a low of $ 595.00 and a high of $ 752.00, with their median target price at $ 663.00. Looking at these predictions, the average price target given by analysts is for ServiceNow Inc stock. (NOW) is $ 663.42.