ServiceNow, Inc. (NYSE:NOW) went down by -2.69% from its latest closing price when compared to the 1-year high value of $362.95 and move down -37.13%, while NOW stocks collected -4.85% of loss with the last five trading sessions. MarketWatch.com reported 18 hours ago that You can be ‘practically stealing’ quality stocks now, according to Jefferies
ServiceNow, Inc. (NYSE:NOW) Worth an Investment?
ServiceNow, Inc. (NYSE: NOW) scored price to earnings ratio above its average ratio, recording 84.00 times of increase in earnings at the present.
NOW Market Performance
NOW stocks went down by -4.85% for the week, with the monthly drop of -19.73% and a quarterly performance of -6.58%, while its annual performance rate touched 8.03%. The simple moving average for the period of the last 20 days is -11.51% for NOW stocks with the simple moving average of -6.13% for the last 200 days.
Analysts’ Opinion on ServiceNow, Inc. (NYSE:NOW)
Many brokerage firms have already submitted their reports for NOW stocks, with Wells Fargo repeating the rating for NOW shares by setting it to “Overweight”. The predicted price for NOW socks in the upcoming period according to Wells Fargo is $330 based on the research report published on March 24, 2020.
Deutsche Bank, on the other hand, stated in their research note that they expect to see NOW stock at the price of $300. The rating they have provided for NOW stocks is “Hold” according to the report published on March 18, 2020.
Canaccord Genuity gave “Buy” rating to NOW stocks, setting the target price at $375 in the report published on January 30, 2020.
NOW Stocks -16.84% Far from 50 Day Moving Average
After a stumble in the market that brought NOW to its low price for the period of the last 52 weeks, ServiceNow, Inc. was unable to take a rebound, for now settling with -27.08% of loss for the given period.
The stock volatility was left at 8.44%, however, within the period of a single month, the volatility rate increased by 9.54%, while the shares sank at the distance of -20.82% for the moving average in the last 20 days. In oppose to the moving average for the last 50 days, trading by -12.89% lower at the present time.
In the course of the last 5 trading sessions, NOW went down by -4.85%, which changed the moving average for the period of 200 days to the total of -4.06% of losses for the stock in comparison to the 20-day moving average settled at $295.63. In addition, ServiceNow, Inc. saw -6.25% in overturn over the period of a single year with a tendency to cut further losses.
NOW Stock Insider Trading
Reports are indicating that there were more than several insider trading activities at ServiceNow, Inc. (NOW), starting from LUDDY FREDERIC B, who sold 26,000 shares at the price of $273.56 back on Mar 12. After this action, Rushing now owns 677,483 shares of ServiceNow, Inc., valued at $7,112,665 with the latest closing price.
Desai Chirantan Jitendra, the Chief Product Officer of ServiceNow, Inc., sold 10,600 shares at the value of $354.18 during a trade that took place back on Feb 20, which means that Desai Chirantan Jitendra is holding 21,203 shares at the value of $3,754,271 based on the most recent closing price.
NOW Stock Fundamentals
The current profitability levels are settled at +1.22 for the present operating margin and +72.12 for gross margin. The net margin for ServiceNow, Inc. stands at +18.11. Total capital return value is set at 1.67, while invested capital returns managed to touch 25.17. Equity return holds the value 41.70%, with 12.70% for asset returns.
Based on ServiceNow, Inc. (NOW), the company’s capital structure generated 53.14 points for debt to equity in total, while total debt to capital is set at the value of 34.70. Total debt to assets is settled at the value of 18.78 with long-term debt to equity ratio rests at 1.27 and long-term debt to capital is 50.67.
The value for Enterprise to Sales is 17.72 with debt to enterprise value settled at 0.02. The receivables turnover for ServiceNow, Inc. is 4.91 with the total asset turnover at the value of 0.70. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.96.