ServiceNow (0L5N.L) Stock Price

Financial Performance

ServiceNow's revenue has seen a positive growth of 17.5% YoY and 4.4% QoQ, reaching $3.1B in the last quarter. The gross profit also followed a similar trend, with an increase of 17.4% YoY and 4.8% QoQ to reach $2.4B. Operating income saw a significant rise of 87.9% YoY and 20.6% QoQ, standing at $451M, indicating improved operational efficiency and profitability management.

The EBITDA ratio is at a moderate level of 0.23 which indicates that the company is reasonably profitable.

Stock Price

The stock price currently stands at $892.15, experiencing an -8.1% decrease over the past month but significantly higher than its 200-day moving average of $633.05 suggesting potential upward pressure on the stock price in the long run if market conditions remain favorable.

The RSI value is at a neutral level of around 47 indicating neither overbought nor oversold conditions for ServiceNow's stock.

Alternative Data Signals

Website traffic trends show an increase by approximately by +6.8%, MoM despite being down -4 .7%, YoY suggesting increased interest or engagement with the brand online recently.

The number of daily app downloads suggests strong user engagement while increasing job postings indicate expansion plans or business growth expectations in near future.

A very high percentage (88%) of employees reporting positive business outlook signifies strong internal confidence about the company's future performance which can be considered as another positive signal for investors.

Social media followers have also increased across all channels, indicating growing brand popularity and potential for stronger customer engagement.

Conclusion

Despite the recent dip in stock price, ServiceNow's solid financial performance, positive alternative data signals and neutral technical indicators suggest a potentially bullish outlook for the stock. However, investors should continue to monitor market conditions and company-specific news.

Note: This AI Stock Analysis is based on data as of August 23. Our members can refresh and get access to an up-to-date AI stock analysis.

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Based on a combination of financial analysis, technical indicators, and insights from alternative data, we predict that the stock price of ServiceNow (0L5N.L), currently trading at $892.2, will... Sign up to access price prediction.

Disclaimer:
This prediction is provided for informational purposes only and does not constitute financial advice. Market conditions are subject to change, and past performance is not indicative of future results. Please conduct your own research or consult a professional before making investment decisions.