In the past week, NOW stock has gone up by 3.18%, with a monthly gain of 9.07% and a quarterly surge of 24.51%. The volatility ratio for the week is 1.88%, and the volatility levels for the last 30 days are 2.39% for ServiceNow Inc The simple moving average for the past 20 days is 7.53% for NOW’s stock, with a 20.49% simple moving average for the past 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 165.33x, Company’s 36-month beta value is 0.98.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.”
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The public float for NOW is 204.97M, and currently, short sellers hold a 1.51% ratio of that floaft. The average trading volume of NOW on September 19, 2024 was 1.25M shares.
NOW) stock’s latest price update
ServiceNow Inc (NYSE: NOW)’s stock price has soared by 2.68 in relation to previous closing price of 890.39. Nevertheless, the company has seen a gain of 3.18% in its stock price over the last five trading days. fool.com reported 2024-09-19 that Growing interest in new AI models is a big tailwind for Nvidia’s data center business. ServiceNow is capitalizing on growing demand for automation in the workplace with its AI-powered software.
Analysts’ Opinion of NOW
Many brokerage firms have already submitted their reports for NOW stocks, with Guggenheim repeating the rating for NOW by listing it as a “Sell.” The predicted price for NOW in the upcoming period, according to Guggenheim is $640 based on the research report published on July 08, 2024 of the current year 2024.
BMO Capital Markets, on the other hand, stated in their research note that they expect to see NOW reach a price target of $830, previously predicting the price at $850. The rating they have provided for NOW stocks is “Outperform” according to the report published on April 25th, 2024.
NOW Trading at 12.41% 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 able to rebound, for now settling with 1.62% of gains for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 1.88%, as shares surge +8.80% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.86% upper at present.
During the last 5 trading sessions, NOW rose by +3.03%, which changed the moving average for the period of 200-days by +32.17% in comparison to the 20-day moving average, which settled at $853.94. In addition, ServiceNow Inc saw 29.41% 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 Desai Chirantan Jitendra, who proposed sale 10,000 shares at the price of $892.93 back on Sep 16 ’24. After this action, Desai Chirantan Jitendra now owns shares of ServiceNow Inc, valued at $8,929,280 using the latest closing price.
Bedi Christopher, the Officer of ServiceNow Inc, proposed sale 1,343 shares at $850.00 during a trade that took place back on Aug 30 ’24, which means that Bedi Christopher is holding shares at $1,141,550 based on the most recent closing price.
Stock Fundamentals for NOW
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.79 for the gross margin
The net margin for ServiceNow Inc stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 14.70, with 6.92 for asset returns.
Based on ServiceNow Inc (NOW), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 2.44. The debt to equity ratio resting at 0.18. The interest coverage ratio of the stock is 44.71.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 0.05. When we switch over and look at the enterprise to sales, we see a ratio of 18.99. The receivables turnover for the company is 6.56for trailing twelve months and the total asset turnover is 0.55. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.05.
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.
