ServiceNow Inc [NOW] stock prices are up 0.51% to $778.57 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The NOW shares have gain 2.86% over the last week, with a monthly amount drifted -0.14%, and not seem to be holding up well over a long-time horizon.
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On 20, March 2024, ServiceNow Furthers Generative AI Leadership With New Capabilities in the Washington, D.C. Platform Release. In a post published today on Yahoo Finance, New features enhance Now Assist GenAI experiences, offer responsible, intelligent automation embedded within the ServiceNow platform.
From an analyst’s perspective:
ServiceNow Inc [NYSE: NOW] stock has seen the most recent analyst activity on March 21, 2024, when KeyBanc Capital Markets initiated its Overweight rating and assigned the stock a price target of $1000. Previously, Needham reaffirmed its Buy rating on January 22, 2024, and elevated its price target to $900. On September 15, 2023, HSBC Securities initiated with a Buy rating and assigned a price target of $704 on the stock. Needham started tracking the stock assigning a Buy rating and suggested a price target of $660 on June 14, 2023. Exane BNP Paribas upgraded its rating to a Neutral but $410 remained the price target by the analyst firm on April 28, 2023. Robert W. Baird upgraded its rating to Outperform for this stock on April 04, 2023, and upped its price target to $548. In a note dated January 09, 2023, Truist downgraded an Hold rating on this stock and revised its target price from $525 to $420.
The stock price of ServiceNow Inc [NOW] has been fluctuating between $427.01 and $815.32 over the past year. Currently, Wall Street analysts expect the stock to reach $604.23 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $778.57 at the most recent close of the market. An investor can expect a potential drop of -22.39% based on the average NOW price forecast.
Analyzing the NOW fundamentals
The ServiceNow Inc [NYSE:NOW] reported sales of 8.97B for trailing twelve months, representing a surge of 25.62%. 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 773.79 points at the first support level, and at 769.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 786.08, and for the 2nd resistance point, it is at 793.58.
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
It’s worth pointing out that ServiceNow Inc [NYSE:NOW]’s Current Ratio is 0.99. Further, the Quick Ratio stands at 0.99, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 17.79, the price to book ratio is 20.90 and price to earnings (TTM) ratio is 92.50.
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.
