You Should Know These Things About ServiceNow Inc. (NOW)

As of Thursday close, ServiceNow Inc.’s (NYSE:NOW) stock was up $21.55, moving up 4.57 percent to $493.00. The average number of shares traded per day over the past five days has been 1,917,840 shares. 5 times new highs have been achieved over 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 retreated -0.06%. Shares of the company fell to $407.50 on 07/14/22, the lowest level in the past month. A 52-week high of $707.60 was reached on 01/03/22 after having rallying from a 52-week low of $406.47. Since the beginning of this year, NOW’s stock price has dropped by -24.05% or -$156.11, and marked a new high 1 time. However, the stock has declined by -30.33% since its 52-week high.

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ServiceNow Inc. (NOW) last reported insider trading activity 4 days ago on Aug 01. Chadwick Jonathan, the Director of the company, disposed of 1,000 shares for $450.58 on Aug 01. It resulted in a $450,580 divestment by the insider. 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 Aug 01, General Counsel ELMER RUSSELL S sold 4,812 shares at $438.99 apiece. The transaction was valued at $2,112,420.

Valuation Metrics

Right now, ServiceNow Inc. (NOW) has a P/E ratio of about 544.15. The stock’s beta is 0.95. Besides these, the trailing price-to-sales (P/S) ratio of 15.04, the price-to-book (PB) ratio of 23.62, and the price-to-cash flow ratio of 49.09 may also be considered.

Financial Health

In the three months ended June 29, ServiceNow Inc.’s quick ratio stood at 1.10, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company 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 totaled 3.30%. Based on annual data, NOW earned $4.54 billion in gross profit 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. In the past year, return on investment (ROI) was 4.50%. Return on equity (ROE) for the past 12 months was 4.80%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NOW’s revenue rose 19.58% to $1.72 billion during the quarter, while net income inched up to $1.75 billion. While analysts expected ServiceNow Inc. to report $1.54 quarterly earnings, the actual figure was $1.62 per share, beating the consensus estimate by 5.20%. During the quarter, the company generated $213.0 million in EBITDA. The liabilities of ServiceNow Inc. were 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 Picture

This quick technical analysis looks at ServiceNow Inc.’s (NOW) price momentum. With a historical volatility rate of 49.74%, the RSI 9-day stood at 67.69% on 04 August.

With respect to its five-day moving average, the current ServiceNow Inc. price is up by +12.94% percent or $56.50. At present, NOW shares trade -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 approximately +14.62% above its SMA50 and -26.00% below its SMA200.

Stochastic coefficient K was 91.52% and Stochastic coefficient D was 84.15%, while ATR was 22.49. Given the Stochastic reading of 96.81% for the 14-day period, the RSI (14) reading has been calculated as 60.59%. As of today, the MACD Oscillator reading stands at 21.05, while the 14-day reading stands 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) has been rated Buy by analysts. According to 1 brokerage firm, NOW is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate ServiceNow Inc. stock as buy, with 29 recommending it as overweight.

With a median target price of $550.00, the current consensus forecast for the stock is $490.00 – $752.00. Based on these forecasts, analysts predict ServiceNow Inc. (NOW) will achieve an average price target of $558.35.


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