ServiceNow Inc (NYSE:NOW) traded with an addition of $7.93 to $554.31 on Thursday, an upside of 1.45 percent. An average of 1,010,699 shares of common stock have been traded in the last five days. There was a gain of $5.79 in the past week, and it reached a new high 25 times over the past 12 months. The last 20 days have seen an average of 925,670 shares traded, while the 50-day average volume stands at 1,063,770.
NOW stock has decreased by -4.24% in the last month. The company shares reached their 1-month lowest point of $528.00 on 09/28/23. With the stock rallying to its 52-week high on 07/19/23, shares of the company touched a low of $337.00 and a high of $614.36 in 52 weeks. It has reached a new high 23 times so far this year and achieved 42.76% or $167.05 in price. In spite of this, the price is down -9.77% from the 52-week high.
Insider Transactions
NOW stock investors should be aware that ServiceNow Inc (NOW) stock had its last reported insider trading activity 27 days ago on Sep 01. In this transaction, the insider spent $593,510. President & COO, Desai Chirantan Jitendra, disposed of 4,500 shares at a price of $592.10 on Aug 31. The insider now owns more than $2,664,454 worth of shares. Prior to that, Chief Commercial Officer Smith Paul John went on to Sale 355 shares at $565.16 each on Aug 29. An amount of $200,632 was transacted.
Valuation Metrics
ServiceNow Inc (NOW) has a trailing price-to-earnings (P/E) ratio of 79.74, which compares with the N/A for the broader industry. The stock’s beta is 1.02. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.13, the price-to-book (PB) ratio at 16.35, and the price-to-cash flow ratio at 49.11.
Financial Health
The quick ratio of ServiceNow Inc for the three months ended June 29 was 1.08, and the current ratio was 1.08, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.31 and a total debt to equity ratio of 0.32 for the quarter ending June 29. ServiceNow Inc’s EBITDA margin for the year ending June 29 is 9.62%, while its operating margin for the same period stands at 6.40%. Its gross profit as reported stood at $5.67 billion compared to revenue of $7.25 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $1.04 billion in the quarter, while revenues were grew 98.08%. The analyst consensus anticipated ServiceNow Inc’s latest quarter earnings to come in at $1.94 per share, but it turned out to be $2.24, a 15.50% surprise. For the quarter, EBITDA amounted to $365.0 million. Shareholders own equity worth $204.0 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ServiceNow Inc (NOW) price momentum. RSI 9-day as of the close on 27 September was 40.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 26.14%.
As of today, NOW’s price is $551.98 +1.05% or $5.79 from its 5-day moving average. NOW is currently trading -5.60% lower than its 20-day SMA and +27.72% higher than its 100-day SMA. However, the stock’s current price level is -7.95% below the SMA50 and +41.09% above the SMA200.
The stochastic %K and %D were 18.01% and 14.08%, respectively, and the average true range (ATR) was 14.60. With the 14-day stochastic at 34.19% and the average true range at 14.05, the RSI (14) stands at 42.53%. The stock has reached -10.20 on the 9-day MACD Oscillator while the 14-day reading was at -21.70.
Analyst Ratings
HSBC Securities launched coverage on ServiceNow Inc (NYSE: NOW) in its analyst report released on September 15, 2023. The firm assigned the stock a Buy rating. The consensus rating for ServiceNow Inc (NOW) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell NOW, while 5 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 4 analysts, while 29 others rate it as a “buy”.
What is NOW’s price target for the next 12 months?
Analysts predict a range of price targets between $575.00 and $734.00, with a median target of $650.00. Taking a look at these predictions, the average price target given by analysts for ServiceNow Inc (NOW) stock is $647.48.
