ServiceNow, Inc. (NYSE:NOW) stocks you missed this week

ServiceNow, Inc. (NYSE:NOW) traded at US$513.1 on the last trading day on Tuesday, November 17, which was a 2.15% increase from the previous day’s price.

Looking at the stock, we see that its previous closing price was $502.28, the beta (monthly for 5 years) reading was 1.16, and the price range for the day was $504.07-516.00. The company’s 12-month tracking P/E ratio is 145.73. In terms of its 52-week price range, the highest price of NOW is $537.53 and the lowest price is $238.93. In the past 30 days, the company’s stock price has risen -1.7%.

ServiceNow has a market value of US$100.45 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 expected earnings per share (EPS) at US$1.06, and EPS growth this year has increased to 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.

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 to a strong sell of 5.00, 5 analysts rated ServiceNow, Inc. (NOW) stocks as holdings, and 24 rated them 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 “buy”, 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 5.37. The current price level is 1.76% lower than its SMA20 and 4.43% lower than its 50-day simple moving average. RSI (14) points to 54.04, while the volatility in the past week was 3.04%, and it jumped to 3.62% in the past month. The Beta value is 1.16, and the average true range (ATR) currently points to 19.75. The stock’s average target price in the next 12 months is $569.92, with an estimated low of $500 and a high of $652. These price ends are -2.55% and +27.07% lower than current price levels, respectively, although investors may be excited about the +12.06% prospect if the NOW stock price hits the median price of $575.

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 +2.15% and +92.67%, which is better than the price changes of Infosys Ltd (INFY), whose share price fell by -1.16% on the most recent trading day , For +54.97% in the past year. Dell’s other peer company, Dell Technologies Inc (DELL), rose 0.76% today and +22.12% in the past year, while Costar Group Inc (CSGP) also rose 2.15%, but its prices remain green, It is still 92.67%. The same period. Infosys’s P/E ratio is 27.14, while ServiceNow’s P/E ratio is 145.73 and Dell’s P/E ratio is 24.47. Compared with these companies, the early trading prices of the S&P 500 and Dow Jones Industrial Average today are -0.48% and -0.56%, respectively.

Back to ServiceNow, Inc. (NYSE:NOW), we noticed that the average three-month transaction volume was 1.46 million, while the transaction volume in the first 10 days was 1.82 million. There are 195.1 million shares currently in circulation.

According to Thomson Reuters data, insiders hold 0.52% of the company’s shares, while institutions hold 91.15%. The data shows that as of October 29, 2020, there are 2.47 million short shares and a short position ratio of 2.06. This means that the short equity of the shares issued on October 29, 2020 is 1.27%. Short stocks in October decreased by 3.07 million from the previous month. Since the stock has huge upside potential, investors should be excited about it. Today’s price has caused the stock to rise by 81.74% in the year-to-date price movement.