The stock of ServiceNow Inc (NOW) has seen a -5.18% decrease in the past week, with a -3.38% drop in the past month, and a -1.96% decrease in the past quarter. The volatility ratio for the week is 2.45%, and the volatility levels for the past 30 days are at 2.31% for NOW. The simple moving average for the last 20 days is -4.45% for NOW’s stock, with a simple moving average of 11.01% for the last 200 days.
Is It Worth Investing in ServiceNow Inc (NYSE: NOW) Right Now?
ServiceNow Inc (NYSE: NOW) has a price-to-earnings ratio of 86.89x that is above its average ratio. Additionally, the 36-month beta value for NOW is 0.96. There are mixed opinions on the stock, with 17 analysts rating it as a “buy,” 13 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
The public float for NOW is 203.92M and currently, short sellers hold a 1.45% ratio of that float. The average trading volume of NOW on April 19, 2024 was 1.21M shares.
NOW) stock’s latest price update
The stock price of ServiceNow Inc (NYSE: NOW) has dropped by -0.69 compared to previous close of 736.45. Despite this, the company has seen a fall of -5.18% in its stock price over the last five trading days. InvestorPlace reported 2024-04-18 that Investing in growth stocks can deliver outsized gains, but investors have to stick with these stocks during volatile stretches. These stocks are more vulnerable to price swings due to macroeconomic factors.
Analysts’ Opinion of NOW
KeyBanc Capital Markets, on the other hand, stated in their research note that they expect to see NOW reach a price target of $1000. The rating they have provided for NOW stocks is “Overweight” according to the report published on March 21st, 2024.
Needham gave a rating of “Buy” to NOW, setting the target price at $900 in the report published on January 22nd of the current year.
NOW Trading at -4.83% 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 -10.30% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares sank -4.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -5.93% lower at present.
During the last 5 trading sessions, NOW fell by -5.18%, which changed the moving average for the period of 200-days by +29.93% in comparison to the 20-day moving average, which settled at $763.65. In addition, ServiceNow Inc saw 3.52% 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 16.76. 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 conclusion, ServiceNow Inc (NOW) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
