What is ServiceNow Inc (NOW) Stock Return on Shareholders’ Capital?

With 0.89 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.16 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $800.30 whereas the lowest price it dropped to was $790.84. The 52-week range on NOW shows that it touched its highest point at $793.47 and its lowest point at $405.37 during that stretch. It currently has a 1-year price target of $847.31. Beta for the stock currently stands at 0.98.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOW was up-trending over the past week, with a rise of 3.68%, but this was up by 14.42% over a month. Three-month performance surged to 30.22% while six-month performance rose 45.26%. The stock gained 72.56% in the past year, while it has gained 13.15% so far this year. A look at the trailing 12-month EPS for NOW yields 8.42 with Next year EPS estimates of 16.00. For the next quarter, that number is 3.15. This implies an EPS growth rate of 22.12% for this year and 21.52% for next year.


Float and Shares Shorts:

At present, 204.72 million NOW shares are outstanding with a float of 203.89 million shares on hand for trading. On Jan 11, 2024, short shares totaled 2.85 million, which was 1.39% higher than short shares on Dec 14, 2023. In addition to Mr. William R. McDermott as the firm’s Chairman & CEO, Mr. Chirantan Jitendra Desai serves as its President & COO.

Institutional Ownership:

Through their ownership of 90.75% of NOW’s outstanding shares, institutional investors have majority control over the company.


Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOW since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With NOW analysts setting a high price target of $910.00 and a low target of $700.00, the average target price over the next 12 months is $847.31. Based on these targets, NOW could surge 13.83% to reach the target high and fall by -12.44% to reach the target low. Reaching the average price target will result in a growth of 5.99% from current levels.

Summary of Insider Activity:

Insiders traded NOW stock several times over the past three months with 11 Buys and 17 Sells. In these transactions, 8,370 shares were bought while 10,661 shares were sold. The number of buy transactions has increased to 173 while that of sell transactions has risen to 225 over the past year. The total number of shares bought during that period was 154,565 while 146,111 shares were sold.