ServiceNow Inc (NYSE: NOW) is 49.01% higher on its value in year-to-date trading and has touched a low of $637.99 and a high of $1064.59 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 $1060.60 in the last trading session, with the day’s loss setting it -7.89%.
Currently trading at $1052.71, the stock is 4.67% and 10.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.93 million and changing -0.74% at the moment leaves the stock 29.40% off its SMA200. NOW registered 56.21% gain for a year compared to 6-month gain of 44.43%. The firm has a 50-day simple moving average (SMA 50) of $948.4016 and a 200-day simple moving average (SMA200) of $812.307.
The stock witnessed a 10.71% loss in the last 1 month and extending the period to 3 months gives it a 26.57%, and is 4.71% up 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 2.24% over the week and 2.10% over the month.
ServiceNow Inc (NOW) has around 22668 employees, a market worth around $216.86B and $10.46B in sales. Current P/E ratio is 163.76 and Fwd P/E is 63.44. Profit margin for the company is 12.77%. Distance from 52-week low is 65.00% and -1.12% from its 52-week high. The company has generated returns on investments over the last 12 months (11.69%).
The EPS is expected to grow by 28.92% this year.
ServiceNow Inc (NOW) Top Institutional Holders
2689.0 institutions hold shares in ServiceNow Inc (NOW), with institutional investors hold 94.23% of the company’s shares. The shares outstanding are 206.00M, and float is at 205.08M with Short Float at 1.65%. Institutions hold 94.06% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.79 million shares valued at $14.78 billion. The investor’s holdings represent 9.1594% of the NOW Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.06 million shares valued at $13.42 billion to account for 8.3171 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.85 million shares representing 4.3155% and valued at over $6.96 billion, while PRICE T ROWE ASSOCIATES INC /MD/ holds 3.7602 of the shares totaling 7.71 million with a market value of $6.07 billion.
ServiceNow Inc (NOW) Insider Activity
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Still, SEC filings show that on Nov 19 ’24, McDermott William R (Chairman & CEO) disposed off 12,296 shares at an average price of $997.67 for $12.27 million. The insider now directly holds 4,881 shares of ServiceNow Inc (NOW).
