How To Know If ServiceNow Inc. (NYSE:NOW) Is Expensive At $530.81. – Marketing Sentinel
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How To Know If ServiceNow Inc. (NYSE:NOW) Is Expensive At $530.81.

In recent trading session, ServiceNow Inc. (NYSE:NOW) saw 1.09 million shares changing hands at last check today with its beta currently measuring 1.03. Company’s recent per share price level of $530.81 trading at $9.55 or 1.83% at last check today assigns it a market valuation of $105.13B. That most recent trading price of NOW’s stock is at a discount of -33.31% from its 52-week high price of $707.60 and is indicating a premium of 15.55% from its 52-week low price of $448.27. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.84 million shares which gives us an average trading volume of 1.24 million if we extend that period to 3-months.

ServiceNow Inc. (NYSE:NOW) trade information

Upright in the green today for gaining 1.83%, in the last five days NOW remained trading in the red while hitting it’s week-highest on Wednesday, 01/12/22 when the stock touched $530.81 price level, adding 10.26% to its value on the day. ServiceNow Inc.’s shares saw a change of -19.70% in year-to-date performance and have moved -9.19% in past 5-day. ServiceNow Inc. (NYSE:NOW) showed a performance of -16.56% in past 30-days. Number of shares sold short was 3.19 million shares which calculate 2.5 days to cover the short interests.

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ServiceNow Inc. (NOW) estimates and forecasts

Statistics highlight that ServiceNow Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -6.31% of value to its shares in past 6 months, showing an annual growth rate of 27.86% while that of industry is 9.70. Apart from that, the company came raising its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 22.20% in the current quarter and calculating 13.20% increase in the next quarter. This year revenue growth is estimated to rise 29.90% from the last financial year’s standing.

27 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.6 billion for the same. And 26 analysts are in estimates of company making revenue of $1.71 billion in the next quarter that will end on Mar 2022. Company posted $1.25 billion and $1.34 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 27.90% while estimating it to be 27.90% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 19.70% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -81.60% while estimates for its earnings growth in next 5 years are of 26.29%.

NOW Dividends

ServiceNow Inc. is more likely to be releasing its next quarterly report between January 25 and January 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

ServiceNow Inc. (NYSE:NOW)’s Major holders

Insiders are in possession of 0.38% of company’s total shares while institution are holding 89.75 percent of that, with stock having share float percentage of 90.10%. Investors also watch the number of corporate investors in a company very closely, which is 89.75% institutions for ServiceNow Inc. that are currently holding shares of the company. Blackrock Inc. is the top institutional holder at NOW for having 16.13 million shares of worth $10.03 billion. And as of Sep 29, 2021, it was holding 8.10% of the company’s outstanding shares.

The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 15.85 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.96% of outstanding shares, having a total worth of $9.86 billion.

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On the other hand, Vanguard Total Stock Market Index Fund and Vanguard 500 Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2021, the former fund manager was holding 5.6 million shares of worth $3.48 billion or 2.81% of the total outstanding shares. The later fund manager was in possession of 4.16 million shares on Sep 29, 2021, making its stake of worth around $2.59 billion in the company or a holder of 2.09% of company’s stock.

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