ServiceNow Inc. (NYSE: NOW) traded at $ 561.08 at the close of the session on Friday, 01/28/22, making an upward move of 6.13% to its price the previous day.
Looking at the stock, we can see that its previous close was $ 528.69 and the beta (5Y monthly) reads 1.02 with the day’s price range being $ 507.80 – $ 563.498. The company has a following 12-month PE ratio of 514.75. In terms of its 52-week price range, NOW has a high of $ 707.60 and a low of $ 448.27. The company’s stock has lost approximately -14.28% over the past 30 days.
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ServiceNow Inc. has a market cap of $ 113.25 billion and is expected to release its quarterly earnings report on Apr 26, 2022 – May 02, 2022. Analysts ’estimates give the company an expected earnings per share (EPS) of $ 1.43, plus growth of EPS for the year raised to $ 5.92 for 2021 and $ 7.22 for next year. These numbers represent 27.90% and 22.00% growth in EPS for two years respectively.
Analysts tracking the company’s growth also gave it consensus revenue growth estimated at $ 1.6 billion, with a low of $ 1.52 billion and a high of $ 1.63 billion. The median projection represents growth tightening down to 27.90% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates, the company’s annual revenue forecast for 2021 is expected to reach $ 5.87 billion, or 29.90% up from the numbers reported last year.
There has been no up and down change for the stock’s EPS over the past 7 days, something that reflects the nature of the company’s price movement in the short term. On the other hand, looking at the outlook for NOW stock, short term indicators assign the stock an average 50% Sell, while the medium term indicator assign it an average 50% Sell. Long -term indicators on average place the stock in the 50% Sell category.
Based on estimates by 36 analysts, where scores ranged from 1.00 for a strong buy to 5.00 for a strong sale, 2 rated ServiceNow Inc. (NOW) stock as a Hold, while 32 is rated as a Buy. Analyst (s) rated it as overweight while 0 of them rated it as underweight, while 0 suggested the stock as a Sell. The stock has an overall Buy rating and investors can take advantage and scoop up the company’s stock.
Looking further, we note that the PEG ratio for the NOW stock is currently at 19.66, and the current price level is 0.85% from its SMA20 and -8.00% from its 50 -day simple moving average. The RSI (14) points to 49.54 while last week’s volatility was 8.58% and jumped to 5.97% over the past one month. The beta value is 1.10, while the average true range (ATR) currently points to 33.51. The average price target for the stock over the next 12 months is $ 702.53, with estimates with a low of $ 600.00 and a high of $ 850.00. These closing prices are -6.94% and -51.49% from the current price level respectively, although investors may be excited at the prospect of a -24.76% if the NOW share price reaches at a median price of $ 700.00.
Let’s briefly compare the stock of ServiceNow Inc. (NOW) to its peers. We found that the current price change of 6.13% and 3.30% over the past 12 months for NOW competes with salesforce.com inc. (CRM), which saw its stock price rise by 4.41% in the last trading session and up -1.52% over the past one year. Another of its peers Oracle Corporation (ORCL) gained 0.88% last session, and 33.18% up last year, while Synopsys Inc. (SNPS) also rose 3.85% in the last session, while its price remained in the green at 16.01% over the same period. ServiceNow Inc. has a P/E ratio of 514.75 compared to salesforce.com inc.’s 120.92 and Oracle Corporation’s 23.37. In contrast to these companies, the S&P 500 Index and the Dow Jones Industrial were at 2.43% and 1.65%, respectively, at the close of trading.
Return to ServiceNow Inc. (NYSE: NOW), we notice that the average 3-month trading volume was 1.54 million, while that of the previous 10-day period was at 3.19 million. The current outstanding is 198.60 million.
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Insiders hold 0.10% of the company’s shares while institutions hold 89.90%. The data shows that the short share as of Dec 14, 2021, was at 3.19 million in the short ratio of 2.5. This represents 1.61% short interest on the rest on December 14, 2021. Short shares rose in December from the previous month to 2.93 million. Investors should be excited about this stock because it has great upside potential, with the current price pushing the stock -13.56% down year-to-date price movement.
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