A share price of ServiceNow Inc [NOW] is currently trading at $789.56, up 4.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOW shares have gain 6.68% over the last week, with a monthly amount drifted -2.88%, and not seem to be holding up well over a long-time horizon.
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On 6, March 2024, ServiceNow named a Leader in Third-Party Risk Management Platforms by Independent Research Firm. In a post published today on Yahoo Finance, ServiceNow’s Third-Party Risk Management solution recognized among top providers on heels of recent new feature launches, acknowledging its position in the risk management market.
From an analyst’s perspective:
ServiceNow Inc [NYSE: NOW] stock has seen the most recent analyst activity on January 22, 2024, when Needham reiterated its Buy rating and also boosted its price target to $900 from $660. Previously, HSBC Securities started tracking the stock with Buy rating on September 15, 2023, and set its price target to $704. On June 14, 2023, Needham initiated with a Buy rating and assigned a price target of $660 on the stock. Exane BNP Paribas upgraded its rating to a Neutral but stick to its price target of $410 on April 28, 2023. Robert W. Baird upgraded its rating to a Outperform and raised its price target to $548 on April 04, 2023. Truist downgraded its rating to Hold for this stock on January 09, 2023, and downed its price target to $420.
ServiceNow Inc experienced fluctuations in its stock price throughout the past year between $405.37 and $815.32. Currently, Wall Street analysts expect the stock to reach $596.65 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $789.56 at the most recent close of the market. An investor can expect a potential drop of -24.43% based on the average NOW price forecast.
Analyzing the NOW fundamentals
Trailing Twelve Months sales for ServiceNow Inc [NYSE:NOW] were 8.97B which represents 25.62% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.19%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.25 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.3.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 770.69 points at the first support level, and at 751.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 800.71, and for the 2nd resistance point, it is at 811.87.
ServiceNow Inc [NOW] reported earnings per share of $3.11 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.79/share, meaning a difference of $0.32 and a surprise factor of 11.50%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.92 per share as compared to estimates of $2.56 per share, a difference of $0.36 representing a surprise of 14.10%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ServiceNow Inc [NYSE:NOW] is 0.99. On the other hand, the Quick Ratio is 0.99, and the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 18.04, the price to book ratio is 21.19 and price to earnings (TTM) ratio is 93.81.
Transactions by insiders
Recent insider trading involved Smith Paul John, Chief Commercial Officer, that happened on Feb 27 ’24 when 2600.0 shares were sold. Chief Digital Information Ofc, Bedi Christopher completed a deal on Feb 26 ’24 to sell 3200.0 shares. Meanwhile, Chairman & CEO McDermott William R sold 30489.0 shares on Feb 20 ’24.
