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ServiceNow Inc (NOW) Volatility At 2.22%, Should You Add A Position?

ServiceNow Inc (NYSE: NOW) is 4.19% higher on its value in year-to-date trading and has touched a low of $527.24 and a high of $815.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The NOW stock was last observed hovering at around $760.79 in the last trading session, with the day’s loss setting it -24.72%.

Currently trading at $736.07, the stock is -3.23% and -0.20% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.44 million and changing -3.25% at the moment leaves the stock 3.88% off its SMA200. NOW registered 24.26% gain for a year compared to 6-month gain of 1.17%.

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The stock witnessed a 1.03% loss in the last 1 month and extending the period to 3 months gives it a -1.17%, and is -0.95% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.22% over the week and 2.08% over the month.

ServiceNow Inc (NOW) has around 22668 employees, a market worth around $150.89B and $9.48B in sales. Current P/E ratio is 78.70 and Fwd P/E is 45.42. Profit margin for the company is 20.34%. Distance from 52-week low is 39.61% and -9.72% from its 52-week high. The company has generated returns on investments over the last 12 months (18.74%).

The EPS is expected to grow by 24.98% this year

The shares outstanding are 204.72M, and float is at 203.99M with Short Float at 1.61%.

ServiceNow Inc (NOW) Insider Activity

The most recent transaction is an insider sale by Bedi Christopher, the company’s Chief Digital Information Ofc. SEC filings show that Bedi Christopher sold 215 shares of the company’s common stock on Jun 05 ’24 at a price of $700.00 per share for a total of $0.15 million. Following the sale, the insider now owns 15892.0 shares.

ServiceNow Inc disclosed in a document filed with the SEC on Jun 03 ’24 that McBride Kevin Thomas (Principal Accounting Officer) sold a total of 100 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $659.80 per share for $65980.0. Following the transaction, the insider now directly holds 2804.0 shares of the NOW stock.

Still, SEC filings show that on May 30 ’24, Tzitzon Nicholas (Chief Strat & Corp Affairs Ofc) disposed off 2,000 shares at an average price of $690.99 for $1.38 million. The insider now directly holds 3,649 shares of ServiceNow Inc (NOW).

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