The price of ServiceNow Inc. (NYSE: NOW) rose higher on Tuesday, April 12, jumping 2.38% from its previous close.
A look at today’s price movement shows that the recent level in the last review reads $ 511.42, with intraday deals fluctuating between $ 499.57 and $ 519.7697. The company’s 5Y monthly beta reached 1.02 while its P/E ratio in the following 12-month period reads 450.99. Considering the 52-week price action, we notice that the stock hit a 52-week high of $ 707.60 and a 52-week low of $ 448.27. The stock declined -0.14% in its value in the previous month.
ServiceNow Inc., with a market valuation of $ 105.10 billion, is expected to release its quarterly earnings report Apr 26, 2022 – May 02, 2022. Analysts tracking NOW forecast quarterly EPS to grow 1.43 per share this quarter. , while both analysts predict that annual EPS will reach $ 5.92 for the year 2022 and up to $ 7.22 for 2022. In this case, analysts estimate annual EPS growth of 27.90% for the year and 22.00% for next year.
On average, analysts forecast the company’s revenue for the quarter will reach $ 1.6 billion, with a likely low of $ 1.52 billion and a high of $ 1.63 billion. The average estimate suggests sales growth for the quarter is likely to rise by 27.90% compared to those recorded in the same quarter in the previous financial year. Staying in the analyst’s view, there is a consensus estimate of $ 5.87 billion for the company’s annual revenue in 2021. According to this projection, revenue is estimated to grow 29.90% more than the company brought in 2021.
The changes in the company’s EPS highlight a short-term direction of a stock’s price movement, which over the past 7 days has come out with no upside and no downside reviews. On the technical outlook front, the indicators NOW provide a short -term outlook of 100% Sell on average. Looking at the medium term stock indicators, we will notice that it averages as 100% Sell, while the long term indicator average currently designates the stock as 100% Sell.
Here’s a look at the analyst’s average rating for the stock represented on a scale of 1.00 to 5.00, with extremes of 1.00 and 5.00 suggesting that the stock is strong buy or strong sell respectively. Specifically, 34 analysts assigned NOW a recommendation rating as follows: 2 rate it as a Hold; 29 advise Buy while 2 analyst (s) assign Overweight rating. 0 analyst (s) tagged ServiceNow Inc. stock. (NOW) as Underweight, with 1 recommending Sell. Overall, analysts rated the stock Buy, a scenario that is likely to bolster investors for an opportunity to add to their holdings of the company’s shares.
If we dive deeper into the stock’s performance, we will see the positive picture represented by the PEG ratio, which currently stands at 17.28. The overview shows that the NOW price is currently -6.09% from SMA20 and -6.88% from SMA50. The Relative Strength Index (RSI) metric in the 14 -day timeframe points to 43.71, with weekly volatility standing at 3.88%. The indicator jumped to 4.32% when calculated based on the past 30 days. The beta value of ServiceNow Inc. (NYSE: NOW) is at 1.05, while the average true range (ATR) indicator currently reads 26.18. Considering that analysts have designated the stock a target price range of $ 600.00- $ 850.00 as low and high respectively, we find that the following 12-month average consensus target price is $ 696.29. Based on this estimate, we found that today’s price in the last review was approximately -14.6% from the estimated low and -62.34% from the estimated high. No doubt investors will be excited to see the share price drop to $ 700.00, which is the median consensus price, and at that level NOW will be -33.69% from the recent price.
Paying attention to how ServiceNow Inc’s stock performed. compared to its peers in the industry, here’s what we found out: NOW’s stock was 2.38% on the day and -6.83% over the past 12 months, while salesforce.com inc. (CRM) traded 1.67% in the most recent session and positioned -15.75% down from its price 12 months ago. Another comparison is with Oracle Corporation (ORCL) whose stock price rose 0.84% in the current trading session, and grew 4.03% over the previous year. Also, Synopsys Inc. (SNPS) is currently showing a trend of 1.85% while its price has remained floating at 18.26% over the previous year. For ServiceNow Inc., the P/E ratio is at 450.99 which is higher than salesforce.com inc.’s at 130.21 and Oracle Corporation’s 30.57. Elsewhere in the market, the S&P 500 Index rallied 0.73% in early trading today, with the Dow Jones Industrial also seeing a positive session on the day with 0.61%.
ServiceNow Inc. stock analysis. (NYSE: NOW) in terms of its daily trading volume indicates that the 3-month average is 1.81 million.
Current records show that the company has 199.34M in the rest. The percentage of insiders holdings is 0.10% of the rest while the percentage share held by institutions is at 89.40%. But the -21.21% downside, the stock price is registered year-to-date as of today’s value, is likely to re-ignite investor interest due to the prospect that it will rally higher.
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