ServiceNow Inc. (NYSE:NOW) saw an upside of 0.64% to $445.29 after adding $2.85 on Tuesday. The 5-day average trading volume is 1,631,238 shares of the company’s common stock. It has gained $450.78 in the past week and touched a new high 4 times within the past 5 days. An average of 1,419,245 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,414,062.
NOW’s 1-month performance is 14.48% or $64.09 on its low of $353.62 reached on 01/06/23. The company’s shares have touched a 52-week low of $337.00 and high of $621.41, with the stock’s rally to the 52-week high happening on 01/23/23. YTD, NOW has achieved 13.95% or $57.68 and has reached a new high 6 times. However, the current price is down -28.34% from the 52-week high price.
Will You Miss Out On This Growth Stock Boom?
A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.
And this is just one of our 5 Best Growth Stocks To Own For 2023.
NOW stock investors last saw insider trading activity on Dec 06.LUDDY FREDERIC B (Director) most recently sold 6,600 shares at $387.01 per share on Dec 06. This transaction cost the insider $2,554,284. Chief Customer & Partner Ofc, Caimi Lara, sold 672 shares at a price of $415.43 on Nov 30. Then, on Nov 18, Chief Commercial Officer Smith Paul John sold 407 shares at a price of $399.72 per share. This transaction amounted to $162,684.
NOW stock has a beta of 0.97. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 12.53 while the price-to-book (PB) in the most recent quarter is 19.76, with the price to cash flow ratio at 45.63.
ServiceNow Inc.’s quick ratio for the period ended September 29 was 1.20, with the current ratio over the same period at 1.20. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.33, while the total debt to equity was 0.33. In terms of profitability, the gross margin trailing 12 months is 77.90%. The firm’s gross profit as reported stood at $4.54 billion against revenue of $5.9 billion.
For the quarterly period ending September 29 this year, ServiceNow Inc.’s cash and short-term investments amounted to $2.71 billion against total debt of $2.12 billion. Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 21.25% to $80.0 million, while revenue of $20.0 million was 75.0% off the previous quarter. Analysts expected NOW to announce $1.84 per share in earnings in its latest quarter, but it posted $1.96, representing a 6.50% surprise. EBITDA for the quarter stood at more than $292.0 million. NOW stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 6.58 billion, with total debt at $2.12 billion. Shareholders hold equity totaling $20.2 million.
Let’s look briefly at ServiceNow Inc. (NOW) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 77.61% to suggest the stock is trending Overbought, with historical volatility in this time period at 23.94%.
The stock’s 5-day moving average is $434.57, reflecting a +6.14% or $25.70 change from its current price. NOW is currently trading +16.84% above its 20-day SMA, +1.62% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +22.88% and SMA200 by-15.91%.
Stochastic %K and %D was 94.27% and 93.00% and the average true range (ATR) pointed at 15.10. The RSI (14) points at 69.10%, while the 14-day stochastic is at 92.96% with the period’s ATR at 15.50. The stock’s 9-day MACD Oscillator is pointing at 19.07 and 35.66 on the 14-day charts.
In the most recent analyst report for ServiceNow Inc. (NYSE: NOW), Truist downgraded it to a Hold rating. They previously had a Buy rating on the stock. Analysts offering their rating for NOW stock have a consensus rating for the stock as Buy. Currently, 1 brokerage advisors rate NOW as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 4 rates 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 $320.00 and a high of $641.00, with their median price target at $500.00. Looking at these predictions, the average price target given by analysts is for ServiceNow Inc. (NOW) stock is $510.50.