Financial Snapshot: Analyzing ServiceNow Inc (NOW)’s Key Ratio Metrics

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The closing price of ServiceNow Inc (NYSE: NOW) was $729.79 for the day, up 0.95% from the previous closing price of $722.94. In other words, the price has increased by $0.95 from its previous closing price. On the day, 0.82 million shares were traded. NOW stock price reached its highest trading level at $733.55 during the session, while it also had its lowest trading level at $725.0.

Ratios:

Our analysis of NOW’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.23 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.15. 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.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, BMO Capital Markets on April 25, 2024, Reiterated its Outperform rating but revised its target price to $830 from $850 previously.

On March 21, 2024, KeyBanc Capital Markets started tracking the stock assigning a Overweight rating and target price of $1000.KeyBanc Capital Markets initiated its Overweight rating on March 21, 2024, with a $1000 target price.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 08 ’24 when Smith Paul John sold 190 shares for $718.78 per share. The transaction valued at 136,568 led to the insider holds 3,010 shares of the business.

Smith Paul John sold 2,600 shares of NOW for $1,994,891 on Feb 27 ’24. The Chief Commercial Officer now owns 2,853 shares after completing the transaction at $767.27 per share. On Feb 26 ’24, another insider, Bedi Christopher, who serves as the Chief Digital Information Ofc of the company, sold 3,200 shares for $786.32 each. As a result, the insider received 2,516,221 and left with 15,463 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 149885730816 and an Enterprise Value of 146769952768. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 78.03, and their Forward P/E ratio for the next fiscal year is 45.03. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.78 while its Price-to-Book (P/B) ratio in mrq is 18.49. Its current Enterprise Value per Revenue stands at 15.485 whereas that against EBITDA is 96.814.

Stock Price History:

Over the past 52 weeks, NOW has reached a high of $815.32, while it has fallen to a 52-week low of $446.25. The 50-Day Moving Average of the stock is -2.66%, while the 200-Day Moving Average is calculated to be 8.87%.

Shares Statistics:

NOW traded an average of 1.23M shares per day over the past three months and 1239630 shares per day over the past ten days. A total of 204.72M shares are outstanding, with a floating share count of 204.00M. Insiders hold about 0.49% of the company’s shares, while institutions hold 89.41% stake in the company. Shares short for NOW as of 1714435200 were 2358257 with a Short Ratio of 1.92, compared to 1711584000 on 2954922. Therefore, it implies a Short% of Shares Outstanding of 2358257 and a Short% of Float of 1.15.

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