ServiceNow, Inc. (NYSE:NOW) rose 0.77%, renewed investor interest in company stocks

ServiceNow, Inc. (New York Stock Exchange: NOW) at the latest closing price on November 6 (Friday) was trading at $535.18, an increase of 0.77% from the previous day’s price.

Looking at the stock, we see that its previous closing price was $531.08, the beta (monthly 5 years) reading was 1.23, and the price range for the day was $519.00-$537.53. The company’s 12-month trailing PE ratio is 146.14. In terms of its 52-week price range, the highest price of NOW is US$533.84 and the lowest price is US$238.29. In the past 30 days, the company’s stock price has risen by approximately 7.79%.

ServiceNow has a market value of US$105.33 billion and is expected to release its quarterly earnings report from January 27, 2021 to February 1, 2021. With a positive dividend of 0 and a yield of 0%, investors in the company may be worried that now, the stock will fall before the earnings report. Analysts’ estimates put the company’s earnings per share (EPS) at US$1.06, and this year’s earnings per share growth were US$4.54 in 2020 and US$5.58 next year. These figures represent an increase of 0.37% and 0.23% in earnings per share within two years.

Analysts tracking the company’s growth also gave a consistent estimate of revenue growth, estimated at $1.22 billion, of which the lowest was $1.21 billion and the highest was $1.23 billion. The median forecast indicates that compared with the sales revenue of the same period last year, the growth totaled 27.9%. According to analyst consensus estimates, the company’s 2020 annual revenue is expected to reach 4.49 billion U.S. dollars, an increase of 29.7% from the figure reported last year.

The EPS of this stock has been raised twice in the last 7 days, but not lowered, which reflects the nature of the company’s short-term price trend. On the other hand, from the perspective of NOW stocks, short-term indicators will equally allocate stocks as 100% purchases, while medium-term indicators will equally allocate stocks as 100% purchases. On average, long-term indicators classify stocks as 100% buys.

According to 31 analysts’ estimates, from a strong buy of 1.00 points to a strong sell of 5.00 points, 6 analysts rated ServiceNow, Inc. (NOW) stocks as holdings and 23 as buying Into. One analyst rated it as outperforming the market, and one analyst rated it as underperforming, and no analyst considered the stock to be a sell. The overall rating of the stock is “overweight”, investors can use the stock and sc take the company’s stock.

Looking further, we notice that the PEG ratio of NOW stock is now 5.13. The current price level is 5.32% lower than its SMA20 and 9.71% lower than the 50-day simple moving average. RSI (14) points to 62.2, while the volatility in the past week was 3.86%, and it fell to 3.16% in the past month. The Beta value is 1.23, and the average true range (ATR) currently points to 19.03. The stock’s average target price in the next 12 months is $563.96, with an estimated low of $500 and a high of $640. These prices ended up being -6.57% and +19.59% lower than current price levels, respectively, although investors may be excited about the +6.88% prospect if the NOW stock price hits the median price of $572.

Let us briefly compare the inventory of ServiceNow (NOW) with peers. We found that in the past 12 months, NOW’s price changes today are +0.77% and +122.17%, respectively, which are better than the price changes of Infosys Ltd (INFY), the latter’s share price fell -0.53 in the most recent trading day %, and now +49% in the past year. Dell’s other peer company, Dell Technologies Inc (DELL), rose by 0.12% today and + 18.93% in the past year, while Costar Group Inc (CSGP) also rose by 0.77%, but its price is still higher than last year 122.17% in the same period. Compared with ServiceNow’s 146.14 and Dell’s 23.29, Infosys has a P/E ratio of 26.42. Compared with these companies, the early trading prices of the S&P 500 and Dow Jones Industrial Average today are -0.03% and -0.24%, respectively.

Back to ServiceNow, Inc. (NYSE: NOW), we noticed that the average three-month transaction volume was 1.46 million, compared with 1.81 million in the previous 10 days. There are currently 195.1 million shares in circulation.

According to Thomson Reuters data, insiders hold 0.65% of the company’s shares, while institutions hold 92.09%. The data shows that as of October 14, 2020, there are 2.82 million short stocks, and the short position ratio is 2.53. This represents a short selling interest of 1.45% of the shares outstanding on October 14, 2020. The number of short-selling stocks in October decreased by 3.28 million from the previous month. Since the stock has huge upside potential, investors should be excited about it, and today’s price has allowed the stock to rise +89.57% in the year-to-date price movement.