ServiceNow Inc (NYSE:NOW) shares, rose in value, with the stock price down by -0.64% to the previous day’s close as strong demand from buyers drove the stock to $938.59.
Actively observing the price movement in the last trading, the stock closed the session at $944.63, falling within a range of $937.4 and $946.77. The value of beta (5-year monthly) was 0.988 whereas the PE ratio was 169.73 over 12-month period. Referring to stock’s 52-week performance, its high was $949.00, and the low was $527.24. On the whole, NOW has fluctuated by 5.92% over the past month.
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With the market capitalization of ServiceNow Inc currently standing at about $193.35 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Oct-23.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 10.91B, with a low estimate of 2.66B and a high estimate of 2.8B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.74B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOW’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 6.17, with the price of NOW currently trading nearly 3.53% and 9.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 63.26, while the 7-day volatility ratio is showing 2.17% which for the 30-day chart, stands at 2.15%. Furthermore, ServiceNow Inc (NOW)’s beta value is 0.99, and its average true range (ATR) is 22.28.
A comparison of ServiceNow Inc (NOW) with its peers suggests the former has fared considerably weaker in the market. NOW showed an intraday change of -0.64% in last session, and over the past year, it grew by 68.00%%.
Data on historical trading for ServiceNow Inc (NYSE:NOW) indicates that the trading volumes over the past 10 days have averaged 1.09 and over the past 3 months, they’ve averaged 1.26 million. According to company’s latest data on outstanding shares, there are 206.00 million shares outstanding.
Nearly 0.47% of ServiceNow Inc’s shares belong to company insiders and institutional investors own 89.38% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.88 million shares as on 2024-09-30, resulting in a short ratio of 3.05. According to the data, the short interest in ServiceNow Inc (NOW) stood at 189.00 of shares outstanding as of 2024-09-30; the number of short shares registered in 2024-08-30 reached 3.09 million. The stock has risen by 32.85% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOW stock heading into the next quarter.
