The price-to-earnings ratio for ServiceNow Inc (NYSE: NOW) is above average at 159.00x. The 36-month beta value for NOW is also noteworthy at 0.98. There are mixed opinions on the stock, with 25 analysts rating it as a “buy,” 13 rating it as “overweight,” 5 rating it as “hold,” and 1 rating it as “sell.”
The public float for NOW is 205.04M, and at present, short sellers hold a 1.65% of that float. The average trading volume of NOW on November 20, 2024 was 1.19M shares.
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NOW) stock’s latest price update
ServiceNow Inc (NYSE: NOW)’s stock price has soared by 1.67 in relation to previous closing price of 1005.34. Nevertheless, the company has seen a loss of -2.50% in its stock price over the last five trading days. marketbeat.com reported 2024-11-19 that There were many well-known and highly anticipated stock splits in 2024. Popular restaurant operator Chipotle Mexican Grill Inc. NYSE: CMG shares were trading at an astronomical $3,400 a share before they executed their first-ever 50-to-1 stock split on June 25, 2024.
NOW’s Market Performance
NOW’s stock has fallen by -2.50% in the past week, with a monthly rise of 11.30% and a quarterly rise of 21.80%. The volatility ratio for the week is 2.31% while the volatility levels for the last 30 days are 2.16% for ServiceNow Inc The simple moving average for the past 20 days is 3.81% for NOW’s stock, with a 26.42% simple moving average for the past 200 days.
Analysts’ Opinion of NOW
Morgan Stanley, on the other hand, stated in their research note that they expect to see NOW reach a price target of $960, previously predicting the price at $900. The rating they have provided for NOW stocks is “Equal-Weight” according to the report published on October 21st, 2024.
BMO Capital Markets gave a rating of “Outperform” to NOW, setting the target price at $1025 in the report published on October 10th of the current year.
NOW Trading at 8.90% 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 -3.73% of loss for the given period.
Volatility was left at 2.16%, however, over the last 30 days, the volatility rate increased by 2.31%, as shares surge +11.35% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.83% upper at present.
During the last 5 trading sessions, NOW fell by -2.50%, which changed the moving average for the period of 200-days by +30.23% in comparison to the 20-day moving average, which settled at $984.58. In addition, ServiceNow Inc saw 44.67% 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 ELMER RUSSELL S, who sale 1,867 shares at the price of $1023.97 back on Nov 15 ’24. After this action, ELMER RUSSELL S now owns 6,843 shares of ServiceNow Inc, valued at $1,911,752 using the latest closing price.
ELMER RUSSELL S, the General Counsel of ServiceNow Inc, sale 81 shares at $1016.54 during a trade that took place back on Nov 18 ’24, which means that ELMER RUSSELL S is holding 6,843 shares at $82,340 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 20.16. 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
In summary, ServiceNow Inc (NOW) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
