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ServiceNow Inc. (NOW) Reveals an Earnings Mystery

ServiceNow Inc. (NYSE:NOW) went up by 4.57% from its latest closing price compared to the recent 1-year high of $707.60. The company’s stock price has collected 12.94% of gains in the last five trading sessions. Barron’s reported on 07/27/22 that ServiceNow’s Profits Top Estimates, but Currency Effects Slow Near-Term Growth

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 544.15 x from its present earnings ratio. Plus, the 36-month beta value for NOW is at 0.95. Opinions of the stock are interesting as 29 analysts out of 33 who provided ratings for ServiceNow Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 1 rated it as “hold,” and 1 as “sell.”

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The average price from analysts is $558.35, which is $73.96 above the current price. NOW currently public float of 198.71M and currently shorts hold a 2.01% ratio of that float. Today, the average trading volume of NOW was 1.84M shares.

NOW’s Market Performance

NOW stocks went up by 12.94% for the week, with a monthly drop of -0.06% and a quarterly performance of -1.29%, while its annual performance rate touched -16.93%. The volatility ratio for the week stands at 4.87% while the volatility levels for the past 30 days are set at 4.61% for ServiceNow Inc. The simple moving average for the period of the last 20 days is 9.68% for NOW stocks with a simple moving average of -10.19% for the last 200 days.

Analysts’ Opinion of NOW

Many brokerage firms have already submitted their reports for NOW stocks, with Bernstein repeating the rating for NOW by listing it as a “Outperform.” The predicted price for NOW in the upcoming period, according to Bernstein is $646 based on the research report published on July 20th of the current year 2022.

Wells Fargo, on the other hand, stated in their research note that they expect to see NOW reach a price target of $600. The rating they have provided for NOW stocks is “Overweight” according to the report published on May 18th, 2022.

Exane BNP Paribas gave a rating of “Underperform” to NOW, setting the target price at $460 in the report published on March 29th of the current year.

NOW Trading at 6.45% 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 -30.33% of loss for the given period.

Volatility was left at 4.61%, however, over the last 30 days, the volatility rate increased by 4.87%, as shares sank -0.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.62% upper at present.

During the last 5 trading sessions, NOW rose by +12.94%, which changed the moving average for the period of 200-days by -26.00% in comparison to the 20-day moving average, which settled at $449.28. In addition, ServiceNow Inc. saw -24.05% 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 Chadwick Jonathan, who sale 1,000 shares at the price of $450.58 back on Aug 01. After this action, Chadwick Jonathan now owns 6,340 shares of ServiceNow Inc., valued at $450,580 using the latest closing price.

Canney Jacqueline P, the Chief People Officer of ServiceNow Inc., sale 999 shares at $451.69 during a trade that took place back on Aug 01, which means that Canney Jacqueline P is holding 728 shares at $451,243 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 4.80, with 1.70 for asset returns.

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