The trading price of ServiceNow Inc. (NYSE: NOW) closed lower on Tuesday, Jan. 25, closing at $ 495.08, -5.85% lower than its previous close.
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Traders who pay attention to the intraday price movement should know that it varies between $ 484.44 and $ 517.60. The company’s P/E ratio in the trailing 12-month period was 454.20, while its 5Y monthly beta was 1.02. Examining the 52-week price action, we saw that the stock hit a 52-week high of $ 707.60 and a 52-week low of $ 448.27. In the past month, the stock has lost -23.67% in value.
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ServiceNow Inc., whose market valuation is $ 99.93 billion at the time of this writing, is expected to release its quarterly earnings report on Jan. 25, 2022 – Jan. 31, 2022. Investors ’optimism about the current quarterly earnings report of company will understand. Analysts predict that quarterly earnings per share will grow by $ 1.43 per share this quarter, however, they forecast annual earnings per share of $ 5.92 for 2021 and $ 7.22 for 2022. This means that analysts are relying on annual earnings. per share growth of 27.90% this year and 22.00% next year.
Analysts predicted that the company would bring in revenue of $ 1.6 billion for the current quarter, with a likely low of $ 1.52 billion and a high of $ 1.63 billion. The average estimate suggests that sales are likely to rise 27.90% this quarter compared to what was recorded in the comparable quarter last year. From the analysts ’perspective, the consensus estimate for the company’s annual revenue in 2021 is $ 5.87 billion. The company’s revenue is expected to grow by 29.90% compared to what it did in 2021.
A company’s earnings analyzes provide a brief indication of the stock’s direction in the short term, which in the case of ServiceNow Inc. No ascending and descending comments have been posted in the last 7 days. On the technical side, the indicators suggest NOW has 100% Sell on average for the short term. According to the data of the medium term stock indicators, the stock is currently averaging as a 50% Sell, while the long term indicator average suggests that the stock is currently a 50% Sell.
Here is the average analyst rating on the stock represented by 1.00 to 5.00, with extremes of 1.00 and 5.00 suggesting that the stock should be considered as either strong buying or strong selling respectively. The number of analysts who assigned NOW a recommendation rating was 36. Of them, 3 rated it a Hold, while 31 recommended a Buy, while 2 assigned an Overweight rating. 0 analyst (s) tagged ServiceNow Inc. (NOW) as Underweight, while 0 advises Sell. Analysts rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the outlook of the stock, we will see that the PEG of the stock is 17.35, which symbolizes a positive outlook. A quick analysis shows that the NOW price is currently -14.58% from SMA20 and -20.25% from SMA50. The RSI metric on the 14 -day chart currently shows 28.97, and the weekly volatility is at 6.03%. When measured over the past 30 days, the indicator has reached 4.98%. The beta value of ServiceNow Inc. (NYSE: NOW) is currently at 1.10, while the Average True Range indicator is currently showing 28.56. With analysts defining $ 600.00- $ 850.00 as the low and high price target, we came to a consensus target price of $ 714.81 for the next 12 month period. The current price is approximately -21.19% from the estimated low and -71.69% from the estimated high, based on this estimate. Investors will be pleased if the NOW share price rises to $ 702.50, which is the median consensus price. At that level, the NOW share price will be -41.9% below the current price.
To see how ServiceNow Inc. stock is performing. compared to its peers in the industry, here are the numbers: NOW the stock’s performance was -5.85% in most recent trading, and -7.02% last year, while salesforce.com inc. (CRM) traded -3.43% on the day and positioned -4.80% lower than last year. Another comparable company Oracle Corporation (ORCL) saw its stock close -1.64% lower in the most recent trading session but up 31.18% a year. Furthermore, Synopsys Inc. (SNPS) showed a decrease of -5.41% on the day as its price continued to rise at 9.61% over the previous year. ServiceNow Inc. has a P/E ratio of 454.20, compared to salesforce.com inc.’s 117.25 and Oracle Corporation’s 23.54. Also in the last trading session, the S&P 500 Index fell -1.22%, while the Dow Jones Industrial also saw a negative session, falling -0.19% on the day.
An analysis of ServiceNow Inc.’s daily trading volume. (NYSE: NOW) indicates that the 3-month average is 1.40 million. However, this number has increased over the past 10 days to an average of 2.5 million.
Currently, records show that 198.60 million of the company’s shares remain unpaid. Insiders hold 0.10% of the rest, while institutions hold 89.90%. Statistics also feature that short interest on Dec 14, 2021, was at 3.19 million shares, resulting in a short ratio of 2.5 at that time. From this, we can conclude that the short interest is 1.61% of the total rest of the company. It is noteworthy that short shares increased slightly in December compared to the previous month, which was 2.93 million. However, since the stock price has seen -23.73% year-to-date, investor interest is likely to revive due to its potential to move lower.
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