ServiceNow Inc. (NYSE: NOW) has a beta value of 1.10 and saw 1.81 million shares traded in the last trading session. The company, which is currently valued at $ 109.98B, closed last trade at $ 586.54 per share which means it gained $ 0.76 on the day or 0.13% in that session. NOW’s stock price is -20.64% from its 52-week high of $ 707.60 and 23.57% above its 52-week low of $ 448.27. If we look at the company’s 10-day average daily trading volume, we can see that it reached 3.12 million shares traded. The 3-month trading volume was 1.59 million shares.
The consensus among analysts is that ServiceNow Inc. (NOW) is a Buy stock right now, with a recommendation rating of 1.70. 0 analysts rate the stock as Sell, while 2 rate it as Overweight. 2 out of 36 rated it as a Hold, with 32 advising it as a Buy. 0 has rated the stock as underweight. The expected earnings per share for the stock is $ 1.43.
Sporting 0.13% on the green in the last session, the stock has traded on the green over the past five days, with the highest price hit on Tuesday, 02/01/22 when the NOW stock price hit $ 586.54 or increased by 0.71%. Year-to-date, parts of ServiceNow Inc. moved -9.64%, while the 5 -day performance saw it change 18.47%. Over the past 30 days, parts of ServiceNow Inc. have changed. (NYSE: NOW) -9.64%. Short interest in the company saw 3.19 million shares shortened in days to cover 2.5.
Wall Street analysts have a consensus target price for the stock at $ 702.53, which means the value of the shares could jump 16.51% from current levels. The expected low target price is $ 600.00 while the target price is at high $ 850.00. In that case, then, we find that the current price level is -44.92% from the targeted high while a move will see the stock increase -2.29% from current levels.
ServiceNow Inc. estimates and forecasts. (NOW).
The figures show that the shares of ServiceNow Inc. is superior to the broader related industry. The company’s shares have gained 0.32% over the past 6 months, with this year’s growth rate of 24.32%, compared to 9.20% for the industry. Other than that, the company has, however, increased its growth outlook for fiscal year 2022. The growth estimates for the current quarter are 22.20% and 13.20% for the next quarter. Revenue growth from the last financial year is estimated at 29.90%.
27 analysts offering their estimates for the company set an average revenue estimate of $ 1.6 billion for the current quarter. 26 has estimated revenue of $ 1.71 billion for the next quarter ending Mar 2022. Past sales have reached $ 1.25 billion and $ 1.34 billion respectively for this quarter and next, and analysts expect that sales will grow by 27.90% for the current quarter and 27.90% for the next.
If we examine the growth of the company over the past 5 years and for the next 5 years, we will see that the annual revenue growth is 19.70% over the past 5 years. Revenue growth for 2022 will moderate -81.60% while over the next 5 years, the company’s revenues are expected to increase by 26.10%.
NOW Dividends
ServiceNow Inc. is expected to release. its next earnings report between April 26 and May 02 this year, and investors are excited about the prospect of better dividends despite the company’s debt issue.
Major Holders of ServiceNow Inc. (NYSE: NOW).
Insiders own 0.38% of the company’s shares, while shares held by institutions are at 89.75% with a float share percentage of 90.10%. Investors are also excited about the number of investors in a company, of which ServiceNow Inc. has a total of 1,854 institutions holding shares in the company. The top two institutional holders are Blackrock Inc. with more than 16.13 million shares worth more than $ 10.03 billion. On Sept. 29, 2021, Blackrock Inc. held. the 8.10% of the rest.
The other major institutional holder is Vanguard Group, Inc. (The), which held more than 15.85 million shares as of September 29, 2021. The company’s total holdings are worth more than $ 9.86 billion and represent 7.96% of the remaining shares.
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Also the top two Mutual Funds holding shares of the company are Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund. On September 29, 2021, the former fund manager held approximately 2.81% shares in the company for 5.6 million shares worth $ 3.48 billion while the later fund manager owned 4.16 million shares worth of $ 2.59 billion as of Sept. 29, 2021, thus owning approximately 2.09% of the company’s outstanding stock.
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