Closing Figures: ServiceNow Inc (NOW)’s Negative Finish at 744.01, Down -2.90

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After finishing at $766.20 in the prior trading day, ServiceNow Inc (NYSE: NOW) closed at $744.01, down -2.90%. In other words, the price has decreased by -$2.90 from its previous closing price. On the day, 2.43 million shares were traded. NOW stock price reached its highest trading level at $760.02 during the session, while it also had its lowest trading level at $737.01.

Ratios:

Our goal is to gain a better understanding of NOW by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.80 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 48.07. For the most recent quarter (mrq), Quick Ratio is recorded 0.98 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 0.28 whereas as Long-Term Debt/Eq ratio is at 0.27.

On April 25, 2024, BMO Capital Markets reiterated its Outperform rating and also upped its target price recommendation from $850 to $830.

Insider Transactions:

The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 05 ’24 when Bedi Christopher sold 215 shares for $700.00 per share. The transaction valued at 150,500 led to the insider holds 15,892 shares of the business.

McBride Kevin Thomas sold 100 shares of NOW for $65,980 on Jun 03 ’24. The Principal Accounting Officer now owns 2,804 shares after completing the transaction at $659.80 per share. On May 30 ’24, another insider, Tzitzon Nicholas, who serves as the Chief Strat & Corp Affairs Ofc of the company, sold 2,000 shares for $690.99 each. As a result, the insider received 1,381,980 and left with 3,649 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOW now has a Market Capitalization of 157363339264 and an Enterprise Value of 149685043200. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 79.55, and their Forward P/E ratio for the next fiscal year is 45.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.45. For the stock, the TTM Price-to-Sale (P/S) ratio is 16.09 while its Price-to-Book (P/B) ratio in mrq is 18.85. Its current Enterprise Value per Revenue stands at 15.793 whereas that against EBITDA is 98.737.

Stock Price History:

The Beta on a monthly basis for NOW is 0.99, which has changed by 0.32541776 over the last 52 weeks, in comparison to a change of 0.24704397 over the same period for the S&P500. Over the past 52 weeks, NOW has reached a high of $815.32, while it has fallen to a 52-week low of $527.24. The 50-Day Moving Average of the stock is 1.67%, while the 200-Day Moving Average is calculated to be 5.90%.

Shares Statistics:

The stock has traded on average 1.36M shares per day over the past 3-months and 1324770 shares per day over the last 10 days, according to various share statistics. A total of 204.72M shares are outstanding, with a floating share count of 203.99M. Insiders hold about 0.49% of the company’s shares, while institutions hold 88.91% stake in the company. Shares short for NOW as of 1718323200 were 2938555 with a Short Ratio of 2.16, compared to 1715731200 on 2803803. Therefore, it implies a Short% of Shares Outstanding of 2938555 and a Short% of Float of 1.43.

Earnings Estimates

The dynamic stock of ServiceNow Inc (NOW) is currently being evaluated by a team of 28.0 analysts, each contributing to its current rating.On average, analysts expect EPS of $2.84 for the current quarter, with a high estimate of $3.13 and a low estimate of $2.68, while EPS last year was $2.37. The consensus estimate for the next quarter is $3.47, with high estimates of $3.81 and low estimates of $3.26.

Analysts are recommending an EPS of between $14.6 and $13.0 for the fiscal current year, implying an average EPS of $13.52. EPS for the following year is $16.24, with 34.0 analysts recommending between $18.76 and $15.25.

Revenue Estimates

For the next quarter, 29 analysts are estimating revenue of $2.75B. There is a high estimate of $2.84B for the next quarter, whereas the lowest estimate is $2.67B.

A total of 37 analysts have provided revenue estimates for NOW’s current fiscal year. The highest revenue estimate was $11.17B, while the lowest revenue estimate was $10.57B, resulting in an average revenue estimate of $10.89B. In the same quarter a year ago, actual revenue was $8.97BBased on 37 analysts’ estimates, the company’s revenue will be $13.12B in the next fiscal year. The high estimate is $13.95B and the low estimate is $12.73B.

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