ServiceNow Inc. (NYSE:NOW) has a beta value of 0.92 and has seen 2,345,522 shares traded in the last trading session. The company, currently valued at $96.81 Billion, closed the last trade at $490.32 per share which meant it lost -$16.05 on the day or -3.17% during that session. The NOW stock price is -22.04% off its 52-week high price of $598.37 and 47.94% above the 52-week low of $255.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.4 Million shares traded. The 3-month trading volume is 1.57 Million shares.
The consensus among analysts is that ServiceNow Inc. (NOW) is a Buy stock at the moment, with a recommendation rating of 1.7. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 3 out of 33 have rated it as a Hold, with 28 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $1.21.
ServiceNow Inc. (NYSE:NOW) trade information
Despite being -3.17% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Apr 27 when the NOW stock price touched $565.29 or saw a rise of 13.26%. Year-to-date, ServiceNow Inc. shares have moved -10.92%, while the 5-day performance has seen it change -12.32%. Over the past 30 days, the shares of ServiceNow Inc. (NYSE:NOW) have changed -3.29%. Short interest in the company has seen 2.86 Million shares shorted with days to cover at 1.82.
Wall Street analysts have a consensus price target for the stock at $617.7, which means that the shares’ value could jump 25.98% from current levels. The projected low price target is $520 while the price target rests at a high of $695. In that case, then, we find that the current price level is +41.74% off the targeted high while a plunge would see the stock lose 6.05% from current levels.
ServiceNow Inc. (NOW) estimates and forecasts
Figures show that ServiceNow Inc. shares have outperformed across the wider relevant industry. The company’s shares have lost -3.97% over the past 6 months, with this year growth rate of 18.14%, compared to 0.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -1.6% and 10.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +27%.
27 analysts offering their estimates for the company have set an average revenue estimate of $1.36 Billion for the current quarter. 27 have an estimated revenue figure of $1.45 Billion for the next quarter concluding in September 01, 2021. Year-ago sales stood $1.05 Billion for this quarter, and analysts expect sales will grow by 29.5% for the current quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +19.7% over the past 5 years. Earnings growth for 2021 is a modest -81.6% while over the next 5 years, the company’s earnings are expected to increase by 23.77%.
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ServiceNow Inc. (NYSE:NOW)’s Major holders
Insiders own 0.37% of the company shares, while shares held by institutions stand at 90.17% with a share float percentage of 90.5%. Investors are also buoyed by the number of investors in a company, with ServiceNow Inc. having a total of 1739 institutions that hold shares in the company. The top two institutional holders are Blackrock Inc. with over 16.09 Million shares worth more than $8.86 Billion. As of December 30, 2020, Blackrock Inc. held 8.15% of shares outstanding.
The other major institutional holder is Vanguard Group Inc. (The), with the holding of over 15.54 Million shares as of December 30, 2020. The firm’s total holdings are worth over $8.55 Billion and represent 7.87% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Price (T.Rowe) Blue Chip Growth Fund Inc. As of December 30, 2020, the former fund manager holds about 2.78% shares in the company for having 5493875 shares of worth $3.02 Billion while later fund manager owns 4.33 Million shares of worth $2.38 Billion as of December 30, 2020, which makes it owner of about 2.19% of company’s outstanding stock.