Is ServiceNow Inc. (NOW) a Keeper? – News Heater
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Is ServiceNow Inc. (NOW) a Keeper?

ServiceNow Inc. (NYSE:NOW) went up by 2.99% from its latest closing price compared to the recent 1-year high of $707.60. The company’s stock price has collected -7.75% of loss in the last five trading sessions. Barron’s reported on 04/28/22 that ServiceNow Gains as Companies Keep Spending. Earnings Were Strong.

Is It Worth Investing in ServiceNow Inc. (NYSE :NOW) Right Now?

ServiceNow Inc. (NYSE:NOW) scored a price-to-earnings ratio above its average ratio, recording 393.94 x from its present earnings ratio. Plus, the 36-month beta value for NOW is at 1.09. Opinions of the stock are interesting as 27 analysts out of 30 who provided ratings for ServiceNow Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $663.42, which is $221.9 above the current price. NOW currently public float of 199.86M and currently shorts hold a 1.81% ratio of that float. Today, the average trading volume of NOW was 1.58M shares.

NOW’s Market Performance

NOW stocks went down by -7.75% for the week, with a monthly drop of -15.14% and a quarterly performance of -29.08%, while its annual performance rate touched -4.84%. The volatility ratio for the week stands at 7.23% while the volatility levels for the past 30 days are set at 5.49% for ServiceNow Inc.. The simple moving average for the period of the last 20 days is -9.43% for NOW stocks with a simple moving average of -27.34% for the last 200 days.

Analysts’ Opinion of NOW

Many brokerage firms have already submitted their reports for NOW stocks, with Exane BNP Paribas repeating the rating for NOW by listing it as a “Underperform.” The predicted price for NOW in the upcoming period, according to Exane BNP Paribas is $460 based on the research report published on March 29th of the current year 2022.

Piper Sandler, on the other hand, stated in their research note that they expect to see NOW reach a price target of $650. The rating they have provided for NOW stocks is “Overweight” according to the report published on January 27th, 2022.

Oppenheimer gave a rating of “Outperform” to NOW, setting the target price at $660 in the report published on January 27th of the current year.

NOW Trading at -16.92% from the 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, the company was unable to rebound, for now settling with -38.82% of loss for the given period.

Volatility was left at 5.49%, however, over the last 30 days, the volatility rate increased by 7.23%, as shares sank -17.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.25% lower at present.

During the last 5 trading sessions, NOW fell by -7.75%, which changed the moving average for the period of 200-days by -25.78% in comparison to the 20-day moving average, which settled at $473.38. In addition, ServiceNow Inc. saw -33.30% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at NOW starting from Canney Jacqueline P, who sale 580 shares at the price of $431.51 back on May 09. After this action, Canney Jacqueline P now owns 189 shares of ServiceNow Inc., valued at $250,276 using the latest closing price.

Smith Paul John, the Chief Commercial Officer of ServiceNow Inc., sale 39 shares at $444.36 during a trade that took place back on May 09, which means that Smith Paul John is holding 1,344 shares at $17,330 based on the most recent closing price.

Stock Fundamentals for NOW

Current profitability levels for the company are sitting at:

  • +4.36 for the present operating margin
  • +77.05 for the gross margin

The net margin for ServiceNow Inc. stands at +3.90. Equity return is now at value 6.20, with 2.20 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.

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