ServiceNow, Inc. (NYSE:NOW) traded at US$480.05 on the last trading day on Tuesday, November 3, an increase of 0.85% from the previous day’s price.
Looking at the stock, we see that its previous closing price was $476, the beta (monthly 5 years) reading was 1.23, and the price range for the day was $472.01-484.71. The company’s 12-month tracking PE value is 131.09. In terms of its 52-week price range, the highest price of NOW is $533.37 and the lowest price is $238.29. In the past 30 days, the company’s stock price has risen -4.33%.
ServiceNow has a market capitalization of US$94.48 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 of the company may be worried about this. Now, the stock will fall before the earnings release. Analysts’ estimates put the company’s expected earnings per share (EPS) at US$1.06, and this year’s EPS growth has increased to US$4.54 in 2020 and US$5.58 next year. These figures represent an increase in earnings per share of 0.37% and 0.23% in 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, judging from the prospect of NOW stocks, short-term indicators allocate stocks equally to 50% buying, while medium-term indicators allocate stocks to 50% buying equally. On average, long-term indicators classify stocks as 100% buys.
According to the estimates of 32 analysts, from 1.00 points for strong buying to 5.00 points for strong selling, 6 analysts rated ServiceNow, Inc. (NOW) stocks as holdings and 24 as buying. 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 4.6. The current price is -5.19% lower than its SMA20 and -1.06% lower than its 50-day simple moving average. RSI (14) points to 44.05, while the volatility in the past week was 4.28%, and it fell to 3.05% in the past month. The Beta value is 1.23, and the average true range (ATR) currently points to 17.31. The stock’s average target price in the next 12 months is $561.68, with an estimated low of $500 and a high of $640. These prices ended up 4.16% and +33.32% lower than current price levels, respectively, although investors may be excited about the +18.95% prospect if the NOW stock price hits the median price of $571.
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 1.89 million. There are 195.1 million shares currently in circulation.
According to Thomson Reuters data, insiders hold 0.65% of the company’s shares, while institutions hold 92.13%. 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 accounts for 1.47% of the short-sale interest of the shares outstanding on October 14, 2020. Stocks sold short in October decreased by 3.28 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 70.04% in the year-to-date price trend.
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