A share price of ServiceNow Inc [NOW] is currently trading at $1124.34, up 0.06%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NOW shares have gain 7.14% over the last week, with a monthly amount glided 13.06%, 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 November 19, 2024, when Scotiabank initiated its Sector Outperform rating and assigned the stock a price target of $1230. Previously, Morgan Stanley downgraded its rating to Equal-Weight on October 21, 2024, and elevated its price target to $960. On October 10, 2024, BMO Capital Markets reiterated its Outperform rating and revised its price target to $1025 on the stock. UBS reiterated its Buy rating and increased its price target to $1055 on October 08, 2024. Guggenheim downgraded its rating to a Sell but $640 remained the price target by the analyst firm on July 08, 2024. BMO Capital Markets reiterated a Outperform rating for this stock on April 25, 2024, and downed its price target to $830. In a note dated April 15, 2024, Guggenheim downgraded an Neutral rating on this stock.
ServiceNow Inc experienced fluctuations in its stock price throughout the past year between $637.99 and $1130.60. Currently, Wall Street analysts expect the stock to reach $973.56 within the next 12 months. ServiceNow Inc [NYSE: NOW] shares were valued at $1124.34 at the most recent close of the market. An investor can expect a potential drop of -13.41% based on the average NOW price forecast.
Analyzing the NOW fundamentals
Trailing Twelve Months sales for ServiceNow Inc [NYSE:NOW] were 10.46B which represents 22.25% growth. Gross Profit Margin for this corporation currently stands at 0.79% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.13%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.16 and Total Capital is 0.11. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.17.
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 1,117.23 points at the first support level, and at 1,110.11 for the second support level. However, for the 1st resistance point, the stock is sitting at 1,134.23, and for the 2nd resistance point, it is at 1,144.11.
Ratios To Look Out For
To put it in perspective, the Current Ratio for ServiceNow Inc [NYSE:NOW] is 1.06. Also, the Quick Ratio is 1.06, while the Cash Ratio stands at 0.28. Considering the valuation of this stock, the price to sales ratio is 22.15, the price to book ratio is 24.97 and price to earnings (TTM) ratio is 174.91.
Transactions by insiders
Recent insider trading involved Chamberlain Paul Edward, Director, that happened on Nov 29 ’24 when 300.0 shares were sold. Director, PAUL EDWARD CHAMBERLAIN completed a deal on Nov 29 ’24 to buy 600.0 shares. Meanwhile, Chief Strat & Corp Affairs Ofc Tzitzon Nicholas sold 313.0 shares on Nov 25 ’24.
