In the last trading session, 2.13 million shares of ServiceNow Inc. (NYSE: NOW) traded, and its beta is 1.07. Recently, the company’s share price was $ 583.72, and it changed around -$ 26.74 or -4.38% since the last closing, bringing the company’s market appreciation to $ 112.81B. NOW is currently trading at a discount to its 52-week high of $ 707.60, offering nearly -21.22% from that amount. The 52-week low price of the share was $ 448.27, indicating that the current value has risen an impressive 23.2% since then. We noticed from the average daily trading volume of ServiceNow Inc. that its 10-day average is 1.83 million shares, that its 3-month average reaches 1.68 million.
ServiceNow Inc. received stock. of the consensus recommendation rating of a Buy, based on an average score of 1.70. If we narrow it down further, the data shows that 0 out of 34 analysts rate the stock as a Sell; another 2 rate it as overweight. Among others, 2 recommended NOW as a Hold, while 30 considered it a Buy, and 0 rated it as Underweight. ServiceNow Inc. is expected to report. of earnings per share of $ 1.43 for the current quarter.
Instantly NOW showed a red trend with a performance of -4.38% at the end of last trading. The performance over the past five days has remained in green territory. The rise to the weekly high of 621.41 on Friday, 02/11/22 raises the stock’s daily price by 6.07%. The company’s shares are currently down -10.07% year-to-date, but are still up 1.07% over the past five days. On the other hand, ServiceNow Inc. (NYSE: NOW) rose 1.80% in 30 days. We can see from the shorts that 3.19 million shares were sold in a short 2.5 day interest cover period.
The consensus target price as set by Wall Street analysts is $ 697.28, which translates to bulls needing to raise their stock price by 16.29% from its current value. Analyst projections say that NOW is estimated at a low of $ 600.00 and a high of $ 850.00. In order for the stock price to reach the forecast high, the stock needs to fall -45.62% from its current level, while the stock needs to fall -2.79% from the current level to reach the expected low.
ServiceNow Inc. estimates and forecasts. (NOW).
ServiceNow Inc. share prices. is particularly well performing compared to other companies within the same industry. As can be seen in the statistics, the company’s shares have fallen -0.70 percent over the past six months and at a 24.32% annual growth rate that is more than the industry average of 12.80%. Moreover, analysts decided to roll up their earnings estimates in fiscal year 2022. Rating firms predict that it will get 22.20% in revenue this quarter, and will report an increase of 13.20 % in the next quarter. The year-over-year growth rate is expected to be 29.90%, higher than last year.
Consensus estimates provided by 27 financial analysts predict that the company will bring in an average of $ 1.6 billion in revenue for the current quarter. 26 analysts expect ServiceNow Inc. which will earn $ 1.71 billion for the quarter ending Mar. 2022. The company’s sales for the same quarter last year were $ 1.25 billion and $ 1.34 billion respectively. Analysts predict that the company’s current quarter sales will increase, forecast at 27.90%. Forecasts for the next quarter put sales growth at 27.90%.
If we look at the company’s year-over-year revenue, the past five years have shown a positive revenue growth rate of 19.70%. ServiceNow Inc. revenues are expected to increase by -81.60%. in 2022, but the outlook is positive at 26.10% per annum for the next five years.
ServiceNow Inc.’s next quarterly earnings report. is expected to be released around April 26 and May 02.
Major Holders of ServiceNow Inc. (NYSE: NOW).
Looking at major shareholders, it appears that insiders hold 0.38% of the shares of ServiceNow Inc., and 89.75% of these are in the hands of institutional investors. The stock currently has a share float of 90.10%. ServiceNow Inc. stock. is held by 1,854 institutions, of which Blackrock Inc. the largest institutional investor. As of September 29, 2021, it held 8.10% of the shares, which is approximately 16.13 million shares worth $ 10.03 billion.
Vanguard Group, Inc. (The), with 7.96% or 15.85 million shares worth $ 9.86 billion as of Sept. 29, 2021, holds the second largest percentage of outstanding shares.
The Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund were the top two Mutual Funds as of Sept. 29, 2021. The first held 5.6 million shares worth $ 3.48 billion, making up 2.81% of all remaining shares. On the other hand, the Vanguard 500 Index Fund holds approximately 4.16 million shares worth approximately $ 2.59 billion, representing approximately 2.09% of the total outstanding.