For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
ServiceNow Inc (NYSE: NOW) closed the day trading at $716.25 down -4.03% from the previous closing price of $746.29. In other words, the price has decreased by -$4.03 from its previous closing price. On the day, 3.37 million shares were traded. NOW stock price reached its highest trading level at $717.03 during the session, while it also had its lowest trading level at $689.0.
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 28.73 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 46.28. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 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 Apr-26-24, 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 Feb 27 ’24 when Smith Paul John sold 2,600 shares for $767.27 per share. The transaction valued at 1,994,891 led to the insider holds 2,853 shares of the business.
Bedi Christopher sold 3,200 shares of NOW for $2,516,221 on Feb 26 ’24. The Chief Digital Information Ofc now owns 15,463 shares after completing the transaction at $786.32 per share. On Feb 20 ’24, another insider, McDermott William R, who serves as the Chairman & CEO of the company, sold 30,489 shares for $746.72 each. As a result, the insider received 22,766,707 and left with 0 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 147104858112 and an Enterprise Value of 143994257408. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 76.59, and their Forward P/E ratio for the next fiscal year is 44.21. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.49 while its Price-to-Book (P/B) ratio in mrq is 19.22. Its current Enterprise Value per Revenue stands at 15.192 whereas that against EBITDA is 94.983.
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 $427.68. The 50-Day Moving Average of the stock is -6.03%, while the 200-Day Moving Average is calculated to be 8.02%.
Shares Statistics:
Over the past 3-months, NOW traded about 1.19M shares per day on average, while over the past 10 days, NOW traded about 1398470 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 88.98% stake in the company. Shares short for NOW as of 1713139200 were 2592052 with a Short Ratio of 2.18, compared to 1710460800 on 3243607. Therefore, it implies a Short% of Shares Outstanding of 2592052 and a Short% of Float of 1.26.
