ServiceNow Inc. (NYSE: NOW) traded at $ 466.23 in last analysis on Wednesday, 04/27/2022, made an upward step of 2.24% to its price the previous day.
Looking at the stock, we can see that its previous closing was $ 456.00 and the beta (5Y monthly) reads 1.02 with the day’s price range being $ 453.92 – $ 472.16. The company has a following 12-month PE ratio of 402.12. 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 -18.84% over the past 30 days.
ServiceNow Inc. has a market cap of $ 97.74 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 100% Sell, while the medium term indicator assign it an average 100% Sell. Long -term indicators on average place a stock in the 100% Sell category.
Based on estimates by 34 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 30 rated it as a Buy. Analyst (s) rated it as overweight while 0 of them rated it as underweight, while 1 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.
If we look further, we will notice that the PEG ratio for the NOW stock is currently at 15.44, and today’s latest price level is -10.70% from its SMA20 and -14.30% from its 50 -day simple moving average. The RSI (14) points to 36.29 while last week’s volatility was 4.69% and jumped to 4.18% over the past one month. The beta value is 1.07, while the average true range (ATR) currently points to 22.64. The average price target for the stock over the next 12 months is $ 681.75, with estimates with a low of $ 570.00 and a high of $ 850.00. These price ends are -22.26% and -82.31% from today’s price level respectively, although investors may rejoice at the prospect of a -43.71% if the NOW share price reaches at a median price of $ 670.00.
Let’s briefly compare ServiceNow Inc.’s stock. (NOW) to its peers. We found that today’s price change of 2.24% and -18.95% over the past 12 months for NOW competes with Salesforce Inc. (CRM), which saw its stock price rise 3.41% in the most recent trading session and more than -27.38% the last one year. Another of its peers Oracle Corporation (ORCL) gained 1.45% today, and dropped -0.94% on the previous year, while Synopsys Inc. (SNPS) also rose 1.98%, while its price remained in the green at 12.40% over the same period. ServiceNow Inc. has a P/E ratio of 402.12 compared to Salesforce Inc’s 113.31. and 28.56 by Oracle Corporation. In contrast to these companies, the S&P 500 Index and the Dow Jones Industrial are at 0.40% and 0.24% now, respectively, in early deals.
Return to ServiceNow Inc. (NYSE: NOW), we notice that the average 3-month trading volume was 1.60 million, while that of the previous 10-day period was at 1.52 million. The current remainder is 199.34 million.
Insiders hold 0.10% of the company’s shares while institutions hold 89.70%. 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 its upside potential is huge, with the price now pushing the stock -29.75% down year-to-date price movement.
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