ServiceNow Inc. (NYSE:NOW) saw a rise of 4.95% to $511.61 after adding $24.15 on Wednesday. The 5-day average trading volume is 1,886,883 shares of the company’s common stock. It gained $516.62 in the last week and reached a new high 4 times in the last 5 days. An average of 1,852,586 shares of the company were traded in the last 20 days, and the 50-day average volume stands at 1,758,114.
NOW’s 1 month performance is -0.60% or $18.88 off its low of $407.50 hit on 07/14/22. Shares of the company hit a 52-week low of $406.47 and a high of $707.60, with the stock rallying to a 52-week high occurring on 01/03/22. YTD, NOW lost -24.90% or -$136.08 and reached a new high of 1 time. However, the current price is down -27.70% from its 52-week high price.
Insider Transactions
As of August 03, 7 days have passed since the last insider trading activity for ServiceNow Inc. (NOW). LUDDY FREDERIC B (Director) last sold 6,600 shares at $465.86 per share on August 03. This transaction valued the insider at $3,074,679. The director, Chadwick Jonathan, sold 1,000 shares at a price of $450.58 on August 01. Then, on August 01, Chief People Officer Canney Jacqueline P sold 999 shares at a price of $451.69 per share. This transaction totaled $451,243.
Valuation Metrics
NOW the stock has a beta of 0.94. Moving to other valuation ratios, trailing price-to-sales (P/S) ratio is 14.86 while price-to-book (PB) for the most recent quarter is 23.36, with price to cash flow ratio at 48.51 .
The quick ratio of ServiceNow Inc. for the period ended June 29 was 1.10, with the current ratio for the same period at 1.10. Also, the company’s long-term debt to equity for the quarter ending June 29 was 0.35, while total debt to equity was 0.35. In terms of profitability, the gross margin trailing 12 months is 77.50%. The company’s total revenue as reported came to $4.54 billion against revenue of $5.9 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, ServiceNow Inc.’s cash and short-term investments. amounted to $2.17 billion against total debt of $2.14 billion. Net income and sales increased compared to the numbers reported in the previous quarter. Net income shrank -195.0% to $20.0 million, while revenue of $75.0 million was -275.0% from the previous quarter. Analysts expected NOW to announce $1.54 per share in earnings for its most recent quarter, but it posted $1.62, representing a 5.20% surprise. EBITDA for the quarter reached more than $213.0 million. The NOW stock balance sheet for the quarter ending June 29 shows that total liabilities reached 6.91 billion, with total debt at $2.14 billion. Shareholders hold equity totaling $20.2 million.
Let’s take a look at ServiceNow Inc’s price momentum. (NOW) from a technical analysis perspective. The 9-day relative strength index at the close on August 9 was 71.65% to suggest that the stock is trending Overbought, with historical volatility during this period at 30.49%.
The stock’s 5-day moving average is $496.66, showing a +8.82% or $41.58 change from its current price. NOW is currently trading +21.35% above its 20-day SMA, -9.47% above its 100-day SMA. However, the current stock price level is far from SMA50 by +7.71% and SMA200 by -25.29%.
Stochastic %K and %D are 89.24% and 89.58% and the average true range (ATR) points to 21.89. RSI (14) is pointing at 64.44%, while 14-day stochastic is at 96.37% with period ATR at 22.06. The stock’s 9-day MACD Oscillator is pointing at 19.63 and 33.89 on the 14-day charts.
Analyst Ratings
In the latest analyst report for ServiceNow Inc. (NYSE: NOW), Bernstein initiated coverage with an Outperform rating. The analysts offering their ratings for NOW stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisor rates NOW as a “sell,” while 1 advises investors to “Hold.” 0 analysts rate the stock as underweight. 2 rate the stock as overweight while 29 have offered a “buy” rating.
What is NOW’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $495.00 and a high of $752.00, with their median price target at $550.00. Looking at these predictions, the average price target given by analysts is for ServiceNow Inc stock. (NOW) is $562.28.