ServiceNow Inc (NYSE: NOW): Do Not Miss The Gain Train

ServiceNow Inc (NOW) concluded trading on Thursday at a closing price of $956.58, with 3.39 million shares of worth about $3.24 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 33.55% during that period and on October 24, 2024 the price saw a gain of about 5.39%. Currently the company’s common shares owned by public are about 206.00M shares, out of which, 205.01M shares are available for trading.

Stock saw a price change of 4.30% in past 5 days and over the past one month there was a price change of 7.48%. Year-to-date (YTD), NOW shares are showing a performance of 35.40% which increased to 72.55% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $527.24 but also hit the highest price of $949.59 during that period. The average intraday trading volume for ServiceNow Inc shares is 1.26 million. The stock is currently trading 4.47% above its 20-day simple moving average (SMA20), while that difference is up 8.38% for SMA50 and it goes to 21.49% higher than SMA200.

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ServiceNow Inc (NYSE: NOW) currently have 206.00M outstanding shares and institutions hold larger chunk of about 89.33% of that.

The stock has a current market capitalization of $197.06B and its 3Y-monthly beta is at 0.99. PE ratio of stock for trailing 12 months is 148.84, while it has posted earnings per share of $6.43 in the same period. Its PEG reads 5.41 and has Quick Ratio of 1.05 while making debt-to-equity ratio of 0.24. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOW, volatility over the week remained 2.13% while standing at 2.14% over the month.

Stock’s fiscal year EPS is expected to rise by 28.75% while it is estimated to increase by 19.20% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Morgan Stanley on October 21, 2024 offering an Equal-weight rating for the stock and assigned a target price range of between $900 and $960 to it. Coverage by BMO Capital Markets stated ServiceNow Inc (NOW) stock as an Outperform in their note to investors on October 10, 2024, suggesting a price target of $1025 for the stock. On October 08, 2024, UBS Reiterated their recommendations, while on July 08, 2024, Guggenheim Downgrade their ratings for the stock with a price target of $640. Stock get an Outperform rating from BMO Capital Markets on April 25, 2024.

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