The ServiceNow Inc. (NYSE:NOW) is going down by -1.12% in today’s trading session, a fall equivalent to -2.71% of the stock’s price from yesterday’s market close. A news came out on 10/16/19 stating that Slack, ServiceNow, and Other Software Stocks Fall on Bearish Morgan Stanley Call by BARRONS. The lowest point that the shares touched during the trading session was $240.62, while the peak of the day was recorded at a share price of $257.51. NOW finished the previous session at $243.00 according to the data provided by Barchart, while the trading volume was observed to be $2093125.
In the 100 days of trading, NOW managed to top a 270.12% Moving average. Additionally, ServiceNow Inc. shares have achieved a 52-week range between 147.63 and 303.17 alongside 100 days raw stochastic set at 1.32%.
The number of shares outstanding, according to the fundamentals of the company, is set at 196.23M, equal to the value of $47.68B in market capitalization. In the last 30 days, ServiceNow Inc. shares went down by -13.22%, adding 276.50 to growth in value, on top of a +0.35% boost since 09/20/19.
ServiceNow Inc. (NYSE:NOW) Analyst’s Estimates
ServiceNow Inc. (NOW) could record at least $0.88 per share in quarterly earnings in the upcoming report on 10/23/2019, a number that would actually represent an increase of 4.29 YOY.
According to the average analyst rating, ServiceNow Inc. would be rated as Buy. Out of 33 different analysts monitoring NOW stock, 25 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 3 indicate that NOW is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On October 16, 2019, the stock earned a Downgrade rating due to a new analyst call from Morgan Stanley, while analysts from SunTrust believe that the stock is set at Buy, as concluded on October 03, 2019. RBC Capital Mkts, is still rather wary about the stock, deciding to keep the rating at Top Pick as confirmed through a call on September 03, 2019.
Regardless of the rating, Stifel did increase their price from $290 to $320 as they are considering target share price analysis. BofA/Merrill, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 25, 2019, giving the stock a Buy rating.
NOW Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +76.13% has been attained, while the operating margin has been recorded at -1.59%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -0.73%. Beta value of the stock is recorded at 1.30. Additionally, ServiceNow Inc. is recording price volatility of 3.63% for the period of the last seven days and 3.23% in the last 30 days.
ServiceNow Inc. (NYSE:NOW) Technical Outlook
For the period of the last 50 days, ServiceNow Inc. had its Raw Stochastic average set at 2.26% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 2.26%. Stochastic %K for ServiceNow Inc., with the last 20 days included, was set at 13.86%, having Stochastic %D topping 30.42%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for ServiceNow Inc. stocks with recording 36.48% in metrics.
ServiceNow Inc. Insider Watch:
Similarly, 99.87% of the company’s float is held by institutions – and there are 902 institutions in total holding shares of this company. The top three institutional holders of NOW stocks are: Price (T.Rowe) Associates Inc with ownership of $3.55 billion, which is approximately 12943763 of the company’s shares; Blackrock Inc., holding 11705942 shares of the stock with an approximate value of $3.21 billion; and Vanguard Group, Inc. (The), currently with more than 11185853 shares of the company valued at $3.07 billion. Positions in ServiceNow Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 56 insider purchases amounting to 286167 shares. Similarly, there were 40 sale transactions amounting to 270052 shares, with the net shares purchased during the last six months reaching 16,115.