ServiceNow Inc [NOW] stock is trading at $890.64, up 1.16%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOW shares have gain 0.65% over the last week, with a monthly amount glided 6.69%, 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.
ServiceNow Inc [NOW] stock has fluctuated between $527.24 and $945.46 over the past year. Currently, Wall Street analysts expect the stock to reach $730.63 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $890.64 at the most recent close of the market. An investor can expect a potential drop of -17.97% based on the average NOW price forecast.
Analyzing the NOW fundamentals
ServiceNow Inc [NYSE:NOW] reported sales of 9.96B for the trailing twelve months, which represents a growth of 22.19%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.18.
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 881.10 points at the first support level, and at 871.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 896.19, and for the 2nd resistance point, it is at 901.75.
Ratios To Look Out For
For context, ServiceNow Inc’s Current Ratio is 1.05. On the other hand, the Quick Ratio is 1.05, and the Cash Ratio is 0.3. Considering the valuation of this stock, the price to sales ratio is 18.43, the price to book ratio is 21.16 and price to earnings (TTM) ratio is 161.06.
Transactions by insiders
Recent insider trading involved Bedi Christopher, Officer, that happened on Sep 19 ’24 when 1000.0 shares were purchased. Former Officer, Desai Chirantan Jitendra completed a deal on Sep 16 ’24 to buy 10000.0 shares. Meanwhile, Officer Bedi Christopher bought 1343.0 shares on Aug 30 ’24.
