In the past week, NOW stock has gone up by 2.88%, with a monthly decline of -9.20% and a quarterly plunge of -8.25%. The volatility ratio for the week is 2.47%, and the volatility levels for the last 30 days are 2.48% for ServiceNow Inc The simple moving average for the last 20 days is -2.56% for NOW stock, with a simple moving average of 6.75% for the last 200 days.
Is It Worth Investing in ServiceNow Inc (NYSE: NOW) Right Now?
ServiceNow Inc (NYSE: NOW) has a higher price-to-earnings ratio of 76.27x compared to its average ratio, The 36-month beta value for NOW is at 0.99. Analysts have varying views on the stock, with 17 analysts rating it as a “buy,” 13 rating it as “overweight,” 4 as “hold,” and 0 as “sell.”
The public float for NOW is 203.95M, and currently, shorts hold a 1.27% of that float. The average trading volume for NOW on May 08, 2024 was 1.21M shares.
NOW) stock’s latest price update
ServiceNow Inc (NYSE: NOW)’s stock price has decreased by -1.82 compared to its previous closing price of 726.56. However, the company has seen a 2.88% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-06 that We have narrowed our search to five U.S. corporate behemoths that have strong growth potential for 2024. These are: GOOGL, NFLX, AMZN, NOW, BSX.
Analysts’ Opinion of NOW
Many brokerage firms have already submitted their reports for NOW stocks, with BMO Capital Markets repeating the rating for NOW by listing it as a “Outperform.” The predicted price for NOW in the upcoming period, according to BMO Capital Markets is $830 based on the research report published on April 25, 2024 of the current year 2024.
KeyBanc Capital Markets gave a rating of “Overweight” to NOW, setting the target price at $1000 in the report published on March 21st of the current year.
NOW Trading at -5.23% 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 -12.51% of loss for the given period.
Volatility was left at 2.48%, however, over the last 30 days, the volatility rate increased by 2.47%, as shares sank -8.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.51% lower at present.
During the last 5 trading sessions, NOW rose by +2.88%, which changed the moving average for the period of 200-days by +22.56% in comparison to the 20-day moving average, which settled at $728.65. In addition, ServiceNow Inc saw 0.97% 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:
- 0.1 for the present operating margin
- 0.79 for the gross margin
The net margin for ServiceNow Inc stands at 0.2. The total capital return value is set at 0.09. Equity return is now at value 28.13, with 12.38 for asset returns.
Based on ServiceNow Inc (NOW), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at 2.43. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is 52.78.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 15.45. The receivables turnover for the company is 7.26for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.98.
Conclusion
In conclusion, ServiceNow Inc (NOW) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
