ServiceNow Inc (NOW) average volume reaches $1.05: Is Wall Street expecting a rally?

On Monday, ServiceNow Inc (NYSE: NOW) opened lower -3.15% from the last session, before settling in for the closing price of $812.94. Price fluctuations for NOW have ranged from $405.37 to $815.32 over the past 52 weeks.

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During the last 5-year period, the sales growth of Technology Sector giant was 28.08%. Company’s average yearly earnings per share was noted 22.12% at the time writing. With a float of $203.88 million, this company’s outstanding shares have now reached $204.72 million.

ServiceNow Inc (NOW) Insider Activity

A key investor’s attitude towards the stock of the Software – Application industry is another important factor to consider. The insider ownership of ServiceNow Inc is 0.54%, while institutional ownership is 88.61%. The most recent insider transaction that took place on Feb 08, was worth 400,006. In this transaction Chief Commercial Officer of this company sold 503 shares at a rate of $795.24, taking the stock ownership to the 463 shares. Before that another transaction happened on Feb 02, when Company’s Chief Digital Information Ofc sold 1,150 for $782.29, making the entire transaction worth $899,630. This insider now owns 14,592 shares in total.

ServiceNow Inc (NOW) Earnings and Forecasts

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $3.11 earnings per share (EPS) for the quarter, besting the agreed prediction (set at $2.79) by $0.32. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.88 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 22.12% per share during the next fiscal year.

ServiceNow Inc (NYSE: NOW) Trading Performance Indicators

Check out the current performance indicators for ServiceNow Inc (NOW). In the past quarter, the stock posted a quick ratio of 0.99. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 17.99. Likewise, its price to free cash flow for the trailing twelve months is 59.69.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.42, a number that is poised to hit 3.15 in the next quarter and is forecasted to reach 16.00 in one year’s time.

Technical Analysis of ServiceNow Inc (NOW)

Looking closely at ServiceNow Inc (NYSE: NOW), its last 5-days average volume was 1.01 million, which is a drop from its year-to-date volume of 1.22 million. As of the previous 9 days, the stock’s Stochastic %D was 81.80%. Additionally, its Average True Range was 17.05.

During the past 100 days, ServiceNow Inc’s (NOW) raw stochastic average was set at 90.29%, which indicates a significant increase from 51.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.38% in the past 14 days, which was lower than the 26.06% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $726.66, while its 200-day Moving Average is $601.67. However, in the short run, ServiceNow Inc’s stock first resistance to watch stands at $807.28. Second resistance stands at $827.22. The third major resistance level sits at $839.43. If the price goes on to break the first support level at $775.13, it is likely to go to the next support level at $762.92. Should the price break the second support level, the third support level stands at $742.98.

ServiceNow Inc (NYSE: NOW) Key Stats

There are currently 205,000K shares outstanding in the company with a market cap of 161.41 billion. Presently, the company’s annual sales total 8,971 M according to its annual income of 1,731 M. Last quarter, the company’s sales amounted to 2,437 M and its income totaled 295,000 K.