Ratios Revealed: Decoding ServiceNow Inc (NOW)’s Financial Health

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The closing price of ServiceNow Inc (NYSE: NOW) was $734.31 for the day, up 0.57% from the previous closing price of $730.17. In other words, the price has increased by $0.57 from its previous closing price. On the day, 1.18 million shares were traded. NOW stock price reached its highest trading level at $742.26 during the session, while it also had its lowest trading level at $729.415.

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 29.41 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.44. 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:

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 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 150814048256 and an Enterprise Value of 147696549888. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 78.51, and their Forward P/E ratio for the next fiscal year is 45.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 15.88 while its Price-to-Book (P/B) ratio in mrq is 18.60. Its current Enterprise Value per Revenue stands at 15.583 whereas that against EBITDA is 97.425.

Stock Price History:

The Beta on a monthly basis for NOW is 0.98, which has changed by 0.35234535 over the last 52 weeks, in comparison to a change of 0.2586832 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 1.09%, while the 200-Day Moving Average is calculated to be 6.14%.

Shares Statistics:

NOW traded an average of 1.30M shares per day over the past three months and 1134390 shares per day over the past ten days. 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 88.87% stake in the company. Shares short for NOW as of 1715731200 were 2803803 with a Short Ratio of 2.33, compared to 1713139200 on 2592052. Therefore, it implies a Short% of Shares Outstanding of 2803803 and a Short% of Float of 1.37.

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