ServiceNow Inc (NOW): Not A Time To Panic Nor Freeze

ServiceNow Inc (NOW) concluded trading on Thursday at a closing price of $1012.75, with 6.19 million shares of worth about $6.27 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 26.78% during that period and on January 30, 2025 the price saw a loss of about -11.44%. Currently the company’s common shares owned by public are about 206.00M shares, out of which, 205.15M shares are available for trading.

Stock saw a price change of -10.71% in past 5 days and over the past one month there was a price change of -6.35%. Year-to-date (YTD), NOW shares are showing a performance of -4.47% which increased to 28.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $637.99 but also hit the highest price of $1198.09 during that period. The average intraday trading volume for ServiceNow Inc shares is 1.26 million. The stock is currently trading -6.10% below its 20-day simple moving average (SMA20), while that difference is down -6.24% for SMA50 and it goes to 14.78% higher than SMA200.

ServiceNow Inc (NYSE: NOW) currently have 206.00M outstanding shares and institutions hold larger chunk of about 90.29% of that.

The stock has a current market capitalization of $208.63B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 148.21, while it has posted earnings per share of $6.83 in the same period. Its PEG reads 7.87 and has Quick Ratio of 1.06 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 4.07% while standing at 2.49% over the month.

Stock’s fiscal year EPS is expected to rise by 18.01% while it is estimated to increase by 21.26% in next year. EPS is likely to grow at an annualized rate of 18.84% for next 5-years, compared to annual growth of 16.56% made by the stock over the past 5-years.

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 Cantor Fitzgerald on January 17, 2025 offering an Overweight rating for the stock and assigned a target price of $1332 to it. Coverage by Raymond James stated ServiceNow Inc (NOW) stock as an Outperform in their note to investors on December 24, 2024, suggesting a price target of $1200 for the stock. On December 13, 2024, KeyBanc Capital Markets Downgrade their recommendations, while on November 19, 2024, Scotiabank Initiated their ratings for the stock with a price target of $1230. Stock get an Equal-weight rating from Morgan Stanley on October 21, 2024.

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