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ServiceNow Inc (NYSE: NOW) closed the day trading at $656.93 up 2.12% from the previous closing price of $643.29. In other words, the price has increased by $2.12 from its previous closing price. On the day, 4.3 million shares were traded. NOW stock price reached its highest trading level at $657.54 during the session, while it also had its lowest trading level at $637.99.
Ratios:
For a better understanding of NOW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.31 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 42.44. 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:
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 May 30 ’24 when Tzitzon Nicholas sold 2,000 shares for $690.99 per share. The transaction valued at 1,381,980 led to the insider holds 3,649 shares of the business.
Mastantuono Gina sold 1,800 shares of NOW for $1,329,984 on May 28 ’24. The Chief Financial Officer now owns 13,290 shares after completing the transaction at $738.88 per share. On May 24 ’24, another insider, LUDDY FREDERIC B, who serves as the Director of the company, sold 598 shares for $741.92 each. As a result, the insider received 443,668 and left with 428 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 134921592832 and an Enterprise Value of 131833651200. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.24, and their Forward P/E ratio for the next fiscal year is 40.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.21 while its Price-to-Book (P/B) ratio in mrq is 16.64. Its current Enterprise Value per Revenue stands at 13.909 whereas that against EBITDA is 86.962.
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 $526.11. The 50-Day Moving Average of the stock is -11.67%, while the 200-Day Moving Average is calculated to be -3.79%.
Shares Statistics:
Over the past 3-months, NOW traded about 1.23M shares per day on average, while over the past 10 days, NOW traded about 1729360 shares per day. 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 88.76% stake in the company. Shares short for NOW as of 1715731200 were 2803803 with a Short Ratio of 2.29, compared to 1713139200 on 2592052. Therefore, it implies a Short% of Shares Outstanding of 2803803 and a Short% of Float of 1.37.
