The price-to-earnings ratio for ServiceNow Inc (NYSE: NOW) is 91.65x, which is above its average ratio. Moreover, the 36-month beta value for NOW is 0.95. Analysts have varying 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 1.45% of that float. On April 12, 2024, NOW’s average trading volume was 1.22M shares.
NOW) stock’s latest price update
The stock price of ServiceNow Inc (NYSE: NOW) has surged by 0.28 when compared to previous closing price of 769.19, but the company has seen a 1.82% gain in its stock price over the last five trading sessions. Investors Business Daily reported 2024-04-11 that ServiceNow stock is in a flat base after it pulled back from a record high. The Nvidia partner AI stock is setting up for its next move.
NOW’s Market Performance
ServiceNow Inc (NOW) has seen a 1.82% rise in stock performance for the week, with a -2.31% decline in the past month and a 7.99% surge in the past quarter. The volatility ratio for the week is 2.62%, and the volatility levels for the past 30 days are at 2.38% for NOW. The simple moving average for the last 20 days is 0.40% for NOW stock, with a simple moving average of 17.99% for the last 200 days.
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 0.03% 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 -5.39% of loss for the given period.
Volatility was left at 2.38%, however, over the last 30 days, the volatility rate increased by 2.62%, as shares sank -0.71% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.83% lower at present.
During the last 5 trading sessions, NOW rose by +1.82%, which changed the moving average for the period of 200-days by +43.38% in comparison to the 20-day moving average, which settled at $767.98. In addition, ServiceNow Inc saw 9.18% 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 17.67. 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
To wrap up, the performance of ServiceNow Inc (NOW) has been better in recent times. The stock has received a mixed of “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.
