The stock of ServiceNow Inc (NOW) has seen a 5.14% increase in the past week, with a 12.67% gain in the past month, and a 25.65% 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 2.02% for NOW. The simple moving average for the last 20 days is 8.41% for NOW’s stock, with a simple moving average of 30.11% 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 162.65x compared to its average ratio. NOW has 36-month beta value of 0.99. Analysts have mixed views on the stock, with 17 analysts rating it as a “buy,” 13 as “overweight,” 4 as “hold,” and 0 as “sell.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for NOW is 205.02M, and currently, short sellers hold a 1.65% ratio of that float. The average trading volume of NOW on November 14, 2024 was 1.16M shares.
NOW) stock’s latest price update
ServiceNow Inc (NYSE: NOW)’s stock price has dropped by -0.26 in relation to previous closing price of 1048.29. Nevertheless, the company has seen a gain of 5.14% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that ServiceNow (NOW) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock’s prospects.
Analysts’ Opinion of NOW
Many brokerage firms have already submitted their reports for NOW stocks, with Morgan Stanley repeating the rating for NOW by listing it as a “Equal-Weight.” The predicted price for NOW in the upcoming period, according to Morgan Stanley is $960 based on the research report published on October 21, 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 $1025, previously predicting the price at $860. The rating they have provided for NOW stocks is “Outperform” according to the report published on October 10th, 2024.
UBS gave a rating of “Buy” to NOW, setting the target price at $1055 in the report published on October 08th of the current year.
NOW Trading at 13.09% 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 -0.73% of loss for the given period.
Volatility was left at 2.02%, however, over the last 30 days, the volatility rate increased by 2.24%, as shares surge +13.79% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +25.24% upper at present.
During the last 5 trading sessions, NOW rose by +5.14%, which changed the moving average for the period of 200-days by +33.07% in comparison to the 20-day moving average, which settled at $964.40. In addition, ServiceNow Inc saw 47.99% 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 proposed sale 124 shares at the price of $1049.35 back on Nov 13 ’24. After this action, Smith Paul John now owns shares of ServiceNow Inc, valued at $130,120 using the latest closing price.
Bedi Christopher, the Officer of ServiceNow Inc, proposed sale 42 shares at $1048.29 during a trade that took place back on Nov 13 ’24, which means that Bedi Christopher is holding shares at $44,028 based on the most recent closing price.
Stock Fundamentals for NOW
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.79 for the gross margin
The net margin for ServiceNow Inc stands at 0.13. The total capital return value is set at 0.11. Equity return is now at value 16.22, with 7.97 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 2.66. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 52.5.
Currently, EBITDA for the company is 1.59 billion with net debt to EBITDA at 0.19. When we switch over and look at the enterprise to sales, we see a ratio of 20.62. The receivables turnover for the company is 8.0for trailing twelve months and the total asset turnover is 0.57. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.06.
Conclusion
To put it simply, ServiceNow Inc (NOW) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
