The closing price of ServiceNow Inc (NYSE: NOW) was $759.16 for the day, up 0.29% from the previous closing price of $757.00. In other words, the price has increased by $+2.16 from its previous closing price. On the day, 564109 shares were traded.
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 31.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 57.55. 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:
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 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 155.19B and an Enterprise Value of 152.59B. As of this moment, ServiceNow’s Price-to-Earnings (P/E) ratio for their current fiscal year is 90.20, and their Forward P/E ratio for the next fiscal year is 47.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.95. For the stock, the TTM Price-to-Sale (P/S) ratio is 17.35 while its Price-to-Book (P/B) ratio in mrq is 20.37. Its current Enterprise Value per Revenue stands at 17.01 whereas that against EBITDA is 95.73.
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 770.31, while the 200-Day Moving Average is calculated to be 648.17.
Shares Statistics:
NOW traded an average of 1.22M shares per day over the past three months and 901.68k shares per day over the past ten days. 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 89.80% stake in the company. Shares short for NOW as of Mar 15, 2024 were 3.24M with a Short Ratio of 2.66, compared to 3.25M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.58% and a Short% of Float of 1.59%.
