After finishing at $767.56 in the prior trading day, ServiceNow Inc (NYSE: NOW) closed at $773.18, up 0.73%. In other words, the price has increased by $+5.62 from its previous closing price. On the day, 1255092 shares were traded.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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 32.45 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 58.62. For the most recent quarter (mrq), Quick Ratio is recorded 0.99 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.30 whereas as Long-Term Debt/Eq ratio is at 0.29.
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, KeyBanc Capital Markets on March 21, 2024, initiated with a Overweight rating and assigned the stock a target price of $1000.
On January 22, 2024, Needham reiterated its Buy rating and also lowered its target price recommendation from $660 to $900.
On September 15, 2023, HSBC Securities started tracking the stock assigning a Buy rating and target price of $704.HSBC Securities initiated its Buy rating on September 15, 2023, with a $704 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 158.50B and an Enterprise Value of 155.91B. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 91.86, and their Forward P/E ratio for the next fiscal year is 48.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.67 while its Price-to-Book (P/B) ratio in mrq is 20.75. Its current Enterprise Value per Revenue stands at 17.38 whereas that against EBITDA is 97.81.
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 $427.01. The 50-Day Moving Average of the stock is 765.10, while the 200-Day Moving Average is calculated to be 639.49.
Shares Statistics:
The stock has traded on average 1.19M shares per day over the past 3-months and 1.23M 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 203.92M. Insiders hold about 0.53% of the company’s shares, while institutions hold 89.16% stake in the company. Shares short for NOW as of Feb 29, 2024 were 3.03M with a Short Ratio of 2.54, compared to 3.07M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.48% and a Short% of Float of 1.48%.
Earnings Estimates
Its stock is currently analyzed by 29 different market analysts. On average, analysts expect EPS of $3.14 for the current quarter, with a high estimate of $3.35 and a low estimate of $2.93, while EPS last year was $2.37. The consensus estimate for the next quarter is $2.88, with high estimates of $3.26 and low estimates of $2.66.
Analysts are recommending an EPS of between $14.39 and $12.33 for the fiscal current year, implying an average EPS of $13.23. EPS for the following year is $15.99, with 34 analysts recommending between $18.15 and $15.32.
Revenue Estimates
30 analysts predict $2.59B in revenue for the current quarter. It ranges from a high estimate of $2.63B to a low estimate of $2.49B. As of the current estimate, ServiceNow Inc’s year-ago sales were $2.1B, an estimated increase of 23.50% from the year-ago figure.
A total of 38 analysts have provided revenue estimates for NOW’s current fiscal year. The highest revenue estimate was $11.27B, 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 $8.97B, up 21.40% from the average estimate. Based on 37 analysts’ estimates, the company’s revenue will be $13.14B in the next fiscal year. The high estimate is $14.06B and the low estimate is $12.73B. The average revenue growth estimate for next year is up 20.70% from the average revenue estimate for this year.
