ServiceNow Inc [NOW] stock prices are up 1.19% to $765.52 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NOW shares have gain 0.62% over the last week, with a monthly amount glided 2.16%, and seem to be holding up well over a long-time horizon.
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
From an analyst’s perspective:
ServiceNow Inc [NYSE: NOW] stock has seen the most recent analyst activity on July 08, 2024, when Guggenheim downgraded its rating to a Sell but kept the price target unchanged to $640 for it. Previously, BMO Capital Markets reaffirmed its Outperform rating on April 25, 2024, and dropped its price target to $830. On April 15, 2024, downgrade downgraded it’s rating to Neutral. KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and suggested a price target of $1000 on March 21, 2024. Needham reiterated its recommendation of a Buy and raised its price target to $900 on January 22, 2024. HSBC Securities started tracking with a Buy rating for this stock on September 15, 2023, and assigned it a price target of $704. In a note dated June 14, 2023, Needham initiated an Buy rating and provided a target price of $660 on this stock.
The stock price of ServiceNow Inc [NOW] has been fluctuating between $527.24 and $815.32 over the past year. Currently, Wall Street analysts expect the stock to reach $655.31 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $765.52 at the most recent close of the market. An investor can expect a potential drop of -14.4% based on the average NOW price forecast.
Analyzing the NOW fundamentals
The ServiceNow Inc [NYSE:NOW] reported sales of 9.48B for trailing twelve months, representing a surge of 24.19%. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.13%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.26 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.19.
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 758.80 points at the first support level, and at 752.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 774.11, and for the 2nd resistance point, it is at 782.69.
Ratios To Look Out For
It’s worth pointing out that ServiceNow Inc [NYSE:NOW]’s Current Ratio is 0.98. In addition, the Quick Ratio stands at 0.98 and the Cash Ratio stands at 0.29. Considering the valuation of this stock, the price to sales ratio is 16.56, the price to book ratio is 19.39 and price to earnings (TTM) ratio is 81.85.
Transactions by insiders
Recent insider trading involved Bedi Christopher, Chief Digital Information Ofc, that happened on Jun 05 ’24 when 215.0 shares were sold. Principal Accounting Officer, McBride Kevin Thomas completed a deal on Jun 03 ’24 to sell 100.0 shares. Meanwhile, Chief Strat & Corp Affairs Ofc Tzitzon Nicholas sold 2000.0 shares on May 30 ’24.
