The stock of ServiceNow Inc (NOW) has seen a 2.65% increase in the past week, with a 5.27% gain in the past month, and a 15.37% flourish in the past quarter. The volatility ratio for the week is 2.24%, and the volatility levels for the past 30 days are at 2.64% for NOW. The simple moving average for the last 20 days is 1.84% for NOW’s stock, with a simple moving average of 20.20% for the last 200 days.
Is It Worth Investing in ServiceNow Inc (NYSE: NOW) Right Now?
The price-to-earnings ratio for ServiceNow Inc (NYSE: NOW) is above average at 92.57x, Company’s 36-month beta value is 0.96.Analysts have differing opinions on the stock, with 17 analysts rating it as a “buy,” 13 as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for NOW is 203.92M, and currently, short sellers hold a 1.59% ratio of that floaft. The average trading volume of NOW on April 04, 2024 was 1.22M shares.
NOW) stock’s latest price update
ServiceNow Inc (NYSE: NOW)’s stock price has gone rise by 2.63 in comparison to its previous close of 759.16, however, the company has experienced a 2.65% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-03 that ServiceNow (NOW) closed the most recent trading day at $759.16, moving +0.29% from the previous trading session.
Analysts’ Opinion of NOW
Many brokerage firms have already submitted their reports for NOW stocks, with KeyBanc Capital Markets repeating the rating for NOW by listing it as a “Overweight.” The predicted price for NOW in the upcoming period, according to KeyBanc Capital Markets is $1000 based on the research report published on March 21, 2024 of the current year 2024.
Needham, on the other hand, stated in their research note that they expect to see NOW reach a price target of $900, previously predicting the price at $660. The rating they have provided for NOW stocks is “Buy” according to the report published on January 22nd, 2024.
HSBC Securities gave a rating of “Buy” to NOW, setting the target price at $704 in the report published on September 15th of the previous year.
NOW Trading at 1.14% 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 -4.44% of loss for the given period.
Volatility was left at 2.64%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +5.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.74% upper at present.
During the last 5 trading sessions, NOW rose by +2.98%, which changed the moving average for the period of 200-days by +38.22% in comparison to the 20-day moving average, which settled at $767.04. In addition, ServiceNow Inc saw 10.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NOW starting from Smith Paul John, who sale 2,600 shares at the price of $767.27 back on Feb 27 ’24. After this action, Smith Paul John now owns 2,853 shares of ServiceNow Inc, valued at $1,994,891 using the latest closing price.
Bedi Christopher, the Chief Digital Information Ofc of ServiceNow Inc, sale 3,200 shares at $786.32 during a trade that took place back on Feb 26 ’24, which means that Bedi Christopher is holding 15,463 shares at $2,516,221 based on the most recent closing price.
Stock Fundamentals for NOW
Current profitability levels for the company are sitting at:
- 0.08 for the present operating margin
- 0.79 for the gross margin
The net margin for ServiceNow Inc stands at 0.19. The total capital return value is set at 0.08. Equity return is now at value 27.35, with 11.28 for asset returns.
Based on ServiceNow Inc (NOW), the company’s capital structure generated 0.23 points at debt to capital in total, while cash flow to debt ratio is standing at 1.49. The debt to equity ratio resting at 0.3. The interest coverage ratio of the stock is 31.75.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 0.28. When we switch over and look at the enterprise to sales, we see a ratio of 17.81. The receivables turnover for the company is 4.41for trailing twelve months and the total asset turnover is 0.52. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
In a nutshell, ServiceNow Inc (NOW) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
