A share price of ServiceNow Inc [NOW] is currently trading at $855.58, up 3.70%. 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 0.07% over the last week, with a monthly amount glided 7.47%, and seem to be holding up well over a long-time horizon.
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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.
ServiceNow Inc experienced fluctuations in its stock price throughout the past year between $527.24 and $863.85. Currently, Wall Street analysts expect the stock to reach $728.75 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $855.58 at the most recent close of the market. An investor can expect a potential drop of -14.82% based on the average NOW price forecast.
Analyzing the NOW fundamentals
Trailing Twelve Months sales for ServiceNow Inc [NYSE:NOW] were 9.96B which represents 22.19% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.15 and Total Capital is 0.1. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
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 836.03 points at the first support level, and at 816.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 866.06, and for the 2nd resistance point, it is at 876.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ServiceNow Inc [NYSE:NOW] is 1.05. Further, the Quick Ratio stands at 1.05, while the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 17.70, the price to book ratio is 20.32 and price to earnings (TTM) ratio is 154.72.
Transactions by insiders
Recent insider trading involved Bedi Christopher, Officer, that happened on Aug 30 ’24 when 1343.0 shares were purchased. Chief Strat & Corp Affairs Ofc, Tzitzon Nicholas completed a deal on Aug 26 ’24 to sell 1857.0 shares. Meanwhile, Officer Tzitzon Nicholas bought 1857.0 shares on Aug 26 ’24.
