ServiceNow Inc. [NOW] is 15.58% higher this YTD. Is it still time to buy?

ServiceNow Inc. [NYSE: NOW] traded at a high on 01/25/23, posting a 1.21 gain after which it closed the day’ session at $448.77. The company report on January 25, 2023 that ServiceNow Reports Fourth Quarter and Full-Year 2022 Financial Results.

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ServiceNow exceeds high end of guidance across Q4 2022 GAAP topline growth and profitability metrics.

Subscription revenues of $1,860 million in Q4 2022, representing 22% year-over-year growth, 27.5% adjusted for constant currency.

The results of the trading session contributed to over 3203329 shares changing hands. Over the past one week, the price volatility of ServiceNow Inc. stands at 3.68% while the volatility over the past one month is 3.74%.

The market cap for NOW stock reached $87.90 billion, with 202.04 million shares outstanding and 201.00 million shares in the current float. Compared to the average trading volume of 1.61M shares, NOW reached a trading volume of 3203329 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about ServiceNow Inc. [NOW]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOW shares is $512.51 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOW stock is a recommendation set at 1.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Truist have made an estimate for ServiceNow Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 09, 2023. While these analysts kept the previous recommendation, Macquarie raised their target price to Outperform. The new note on the price target was released on November 02, 2022, representing the official price target for ServiceNow Inc. stock. Previously, the target price had yet another raise to $516, while CapitalOne analysts kept a Overweight rating on NOW stock.

The Average True Range (ATR) for ServiceNow Inc. is set at 15.96, with the Price to Sales ratio for NOW stock in the period of the last 12 months amounting to 12.70. The Price to Book ratio for the last quarter was 20.04, with the Price to Cash per share for the same quarter was set at 20.20. Price to Free Cash Flow for NOW in the course of the last twelve months was 46.29 with Quick ratio for the last quarter at 1.20.

How has NOW stock performed recently?

ServiceNow Inc. [NOW] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.83. With this latest performance, NOW shares gained by 18.12% in over the last four-week period, additionally plugging by 6.14% over the last 6 months – not to mention a drop of -14.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOW stock in for the last two-week period is set at 70.56, with the RSI for the last a single of trading hit 79.41, and the three-weeks RSI is set at 64.53 for ServiceNow Inc. [NOW]. The present Moving Average for the last 50 days of trading for this stock 401.62, while it was recorded at 440.98 for the last single week of trading, and 433.92 for the last 200 days.

ServiceNow Inc. [NOW]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and ServiceNow Inc. [NOW] shares currently have an operating margin of +4.36 and a Gross Margin at +77.05. ServiceNow Inc.’s Net Margin is presently recorded at +3.90.

Return on Equity for this stock inclined to 7.04, with Return on Assets sitting at 2.36.

ServiceNow Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.20.

Earnings analysis for ServiceNow Inc. [NOW]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOW. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for ServiceNow Inc. go to 26.00%.

Insider trade positions for ServiceNow Inc. [NOW]

There are presently around $78,927 million, or 90.80% of NOW stock, in the hands of institutional investors. The top three institutional holders of NOW stocks are: VANGUARD GROUP INC with ownership of 16,866,914, which is approximately 1.935% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 15,902,444 shares of the stock with an approximate value of $7.14 billion in NOW stocks shares; and PRICE T ROWE ASSOCIATES INC /MD/, currently with $6.33 billion in NOW stock with ownership of nearly 0.642% of the company’s market capitalization.

Positions in ServiceNow Inc. stocks held by institutional investors increased at the end of January and at the time of the January reporting period, where 672 institutional holders increased their position in ServiceNow Inc. [NYSE:NOW] by around 10,877,415 shares. Additionally, 638 investors decreased positions by around 11,712,812 shares, while 166 investors held positions by with 153,283,175 shares. The mentioned changes placed institutional holdings at 175,873,402 shares, according to the latest SEC report filing. NOW stock had 129 new institutional investments in for a total of 1,570,702 shares, while 129 institutional investors sold positions of 2,813,462 shares during the same period.


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