ServiceNow Inc. (NYSE: NOW) ended trading at $ 524.70 on Wednesday, Feb. 23 with a -4.63% fall from its closing price the previous day.
If we look at the stock, we notice that its last analysis the previous day was $ 550.15 and the 5Y monthly beta was 1.02 with its price continuing to float in the $ 522.66 and $ 553.42 range on the day. The company’s P/E ratio for trailing 12 months was 462.70. Considering the stock’s 52-week price range NOW hit a high of $ 707.60 and saw its price drop to a low of $ 448.27 during that time. Over the past 1 month, the stock has declined -0.22% in its value.
With its current market valuation of $ 106.78 billion, ServiceNow Inc. is scheduled to declare its quarterly results on Apr. 26, 2022 – May 02, 2022. Analysts are on an estimate of $ 1.43 per share for the company’s earnings in the current quarter and expect its annual estimate. EPS growth is rising to $ 5.92 for 2021 with estimates rising to $ 7.22 next year. These estimates suggest current year growth of 27.90% for EPS and 22.00% growth next year.
Analysts watching the company’s growth closely have provided estimates for its revenue growth with an average revenue estimate of $ 1.6 billion. They suggested that in the process the company could generate revenue as low as $ 1.52 billion which could climb up to $ 1.63 billion to hit the high. The average estimate represents a 27.90% increase in sales growth from the company’s post in the same quarter last year. Following the analyst’s consensus estimate, the company is estimated to generate annual revenue of $ 5.87 billion in 2021, which will be 29.90% more than the revenue the company generated last year.
In the last 7 days, analysts have come to adjust their opinions about the stock’s EPS with no upward and no downward changes, an indication that could give a clearer idea about the company’s short-term price movement. Conversely, when we examine the current stock outlook of NOW, short -term indicators assign it an average 100% Sell, while medium term indicators categorize the stock as an average 100% Sell. Long -term indicators suggest an average 50% Sell for it.
By digging deeper, we will know the PEG ratio of the NOW stock which is currently positioned at 17.73. It further provided that the current stock price level is -7.69% away from its 20 -day simple moving average and -10.42% from its SMA50. Its relative strength index (RSI) for 14 periods is moving at 37.86 while volatility has remained at 4.02% in the previous week changing to 4.72% when it was measured last month. The Beta is valued at 1.07, while the average true range or ATR scale is currently at 27.34. Predicting price targets as low as $ 600.00 and as high as $ 850.00, analysts agree on assigning the stock a next 12-month average price target of $ 697.28. The current stock price level is -14.35% above from the estimated low target price while it is -62.0% below the estimated high; and even if the NOW share manages to reach the median price of $ 700.00, then the -33.41% outlook could be the excitement of investors.
In comparing the stock of ServiceNow Inc. (NOW) among other industry players shows that the current stock price change of -4.63% and the -4.92% over the past 12 months are in competition with the position of salesforce.com inc. (CRM) which saw its stock price fall -2.35% in the last trade and go through a decline of -20.76% in the past 12 -month trading. Another major player of the industry Oracle Corporation (ORCL) fell -2.23% down in the previous session, but in the past year faced a 12.01% increase, while Synopsys Inc. (SNPS) also dropped -1.36% however its price remained floating in the green at 9.53% over the same period. ServiceNow Inc. has a P/E ratio of 462.70 compared to salesforce.com inc.’s 103.72 while Oracle Corporation shows 21.04 for the same. On the other hand, the S&P 500 Index dropped -1.84% in the last trading session while the Dow Jones Industrial closed the session lower at -1.38%.
Having a second look at ServiceNow Inc. (NYSE: NOW) provides that the average daily trading volume of the stock over 3 months was 1.73 million, while it jumped to 1.4 million when we calculate the average volume over the past 10 days. The number of remaining shares of the stock is at 199.34 million.
The percentage of remaining shares held by insiders is 0.10% while it is 89.40% for institution holders. The figures also indicate that as of Dec 14, 2021, the number of short shares of the stock was 3.19 million indicating a short ratio of 2.5. It shows 1.61% Short Interest in the rest of the company on the day. In December, the standing of shares short improved as it was 2.93 million last month. A -19.17% reduction of the stock’s current price to its year-to-date value in the last trading session is likely to increase investors ’interest in the stock as it indicates an extended uptrend.