In the most recent trading session, ServiceNow, Inc. (NYSE:NOW) traded 1,162,205 shares, and its current beta value is 1.24. The company’s most recent share price was US$498.09. The transaction price at that time was US$14.04, accounting for 2.9% of the transaction. Therefore, its market valuation was US$95.85 billion. Now, the current trading price of the company’s stock is a discount of -7.08% from its 52-week high of $533.37 and a premium of 52.16% to its 52-week low of $238.29. Looking at the company’s average trading volume in the last 10 days, you can see the trading volume of 1.11 million shares. If we extend the period to 3 months, the average trading volume is 1.47 million shares.
Today’s green trading rose by 2.9%. In the past five days, NOW has maintained green trading and reached the highest price of the week on Monday, October 26. When the stock hit a price level of $521.86, it rose 3.2% on the day. This year, ServiceNow, Inc.’s stock price has changed 78.93%, and has risen -0.16% in the past 5 days. ServiceNow, Inc. (NYSE:NOW) has a performance of 3.52% in the past 30 days. The number of short-selling stocks was 2.82 million shares, and a period of 1.92 days was calculated to make up for the short equity.
ServiceNow, Inc. (NOW) estimates and forecasts
Statistics emphasize that ServiceNow, Inc.’s score is relatively higher than that of other companies in related industries. The company’s stock value has increased by +37.69% in the past six months, showing an annual growth rate of 34.04%, while the industry’s annual growth rate is 6.8. In addition, the company has also raised its revenue forecast for fiscal year 2020. The company estimates that its revenue growth this quarter will increase by 15.6%, and calculates a 20% growth in the next quarter. This year’s revenue growth is estimated to be 27.6% higher than the previous fiscal year.
27 industry analysts gave their estimates of the company’s current quarterly revenue by setting the company’s current quarterly revenue to an average of 1.18 billion U.S. dollars. Another 24 analysts estimate that the company’s revenue will be $1.28 billion for the next quarter ending March 1, 2021. The company’s sales this quarter and the same period last year were 957.7 million US dollars and 1.05 billion US dollars. Analysts expect sales this quarter to increase by 24.3%, while sales in the next quarter will increase by 22.6%.
After weighing the company’s earnings over the past 5 years and the next 5 years, we found that the company’s annual earnings growth rate over the past 5 years was 35.5%. In 2020, the company’s revenue growth rate may be approximately 33.1%, while its revenue growth rate for the next 5 years is estimated to be 27.41%
Main holder of ServiceNow, Inc. (NYSE: NOW)
Insiders accounted for 0.77% of the company’s shares, institutions accounted for 98.93%, and the ratio of outstanding shares was 99.7%. Investors also pay close attention to the number of corporate investors in the company, which are 1,278 institutions of ServiceNow, Inc. that currently hold company stocks. Price (T. Rowe) Associates Inc is the largest institutional holder of NOW, with 16.26 million shares valued at US$6.59 billion. As of June 29, 2020, it holds 8.48% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which held approximately 15.63 million shares on June 29, 2020. The number of shares represents that the company holds more than 8.15% of the outstanding shares, with a total value of 6.33 billion US dollars.
On the other hand, Vanguard Total Stock Market Index Fund and American Growth Fund are the top two mutual funds that own company shares. As of June 29, 2020, the former fund manager held 5,433,557 shares worth US$2.2 billion, accounting for 2.83% of the total outstanding shares. Later fund managers owned 4.6 million shares on September 29, 2020, holding shares worth approximately US$2.23 billion and holding 2.4% of the company’s shares.
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