Servicenow Stock Price Prediction
| NOW Stock | USD 716.65 20.93 3.01% |
Oversold Vs Overbought
33
Oversold | Overbought |
ServiceNow stock price prediction is an act of determining the future value of ServiceNow shares using few different conventional methods such as EPS estimation, analyst consensus, or fundamental intrinsic valuation. The successful prediction of ServiceNow's future price could yield a significant profit. Please, note that this module is not intended to be used solely to calculate an intrinsic value of ServiceNow and does not consider all of the tangible or intangible factors available from ServiceNow's fundamental data. We analyze noise-free headlines and recent hype associated with ServiceNow, which may create opportunities for some arbitrage if properly timed.
Below are the key fundamental drivers impacting ServiceNow's stock price prediction:Quarterly Earnings Growth 1.288 | EPS Estimate Next Quarter 2.87 | EPS Estimate Current Year 13.53 | EPS Estimate Next Year 16.27 | Wall Street Target Price 859.5 |
It is a matter of debate whether stock price prediction based on information in financial news can generate a strong buy or sell signal. We use our internally-built news screening methodology to estimate the value of ServiceNow based on different types of headlines from major news networks to social media. The ServiceNow stock price prediction module provides an analysis of price elasticity to changes in media outlook on ServiceNow over a specific investment horizon. Using ServiceNow hype-based prediction, you can estimate the value of ServiceNow from the perspective of ServiceNow response to recently generated media hype and the effects of current headlines on its competitors. We also analyze overall investor sentiment towards ServiceNow using ServiceNow's stock options and short interest. It helps to benchmark the overall future attitude of investors towards ServiceNow using crowd psychology based on the activity and movement of ServiceNow's stock price.
ServiceNow Short Interest
A significant increase or decrease in ServiceNow's short interest from the previous month could be a good indicator of investor sentiment towards ServiceNow. Short interest can provide insight into the potential direction of ServiceNow stock and how bullish or bearish investors feel about the market overall. An investor who is long ServiceNow may also wish to track short interest. As short interest increases, investors should be becoming more worried about ServiceNow and may potentially protect profits, hedge ServiceNow with its derivative instruments, or be ready for some potential downside.
200 Day MA 666.9285 | Short Percent 0.0126 | Short Ratio 2.52 | Shares Short Prior Month 3.2 M | 50 Day MA 754.6676 |
ServiceNow Hype to Price Pattern
Investor biases related to ServiceNow's public news can be used to forecast risks associated with an investment in ServiceNow. The trend in average sentiment can be used to explain how an investor holding ServiceNow can time the market purely based on public headlines and social activities around ServiceNow. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Some investors profit by finding stocks that are overvalued or undervalued based on market sentiment. The correlation of ServiceNow's market sentiment to its price can help taders to make decisions based on the overall investors consensus about ServiceNow.
ServiceNow Implied Volatility | 45.26 |
ServiceNow's implied volatility exposes the market's sentiment of ServiceNow stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if ServiceNow's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that ServiceNow stock will not fluctuate a lot when ServiceNow's options are near their expiration.
This module is based on analyzing investor sentiment around taking a position in ServiceNow. This speculative approach is based exclusively on the idea that markets are driven by emotions such as investor fear and greed. The fear of missing out, i.e., FOMO, can cause potential investors in ServiceNow to buy its stock at a price that has no basis in reality. In that case, they are not buying ServiceNow because the equity is a good investment, but because they need to do something to avoid the feeling of missing out. On the other hand, investors will often sell stocks at prices well below their value during bear markets because they need to stop feeling the pain of losing money.
ServiceNow after-hype prediction price | USD 715.65 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Prediction based on Rule 16 of the current ServiceNow contract
Based on the Rule 16, the options market is currently suggesting that ServiceNow will have an average daily up or down price movement of about 2.83% per day over the life of the 2024-05-03 option contract. With ServiceNow trading at USD 716.65, that is roughly USD 20.27 . If you think that the market is fully incorporating ServiceNow's daily price movement you should consider acquiring ServiceNow options at the current volatility level of 45.26%. But if you have an opposite viewpoint you should avoid it and even consider selling them.
ServiceNow |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ServiceNow's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
ServiceNow After-Hype Price Prediction Density Analysis
As far as predicting the price of ServiceNow at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in ServiceNow or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of ServiceNow, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
ServiceNow Estimiated After-Hype Price Volatility
In the context of predicting ServiceNow's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on ServiceNow's historical news coverage. ServiceNow's after-hype downside and upside margins for the prediction period are 713.69 and 717.61, respectively. We have considered ServiceNow's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
ServiceNow is very steady at this time. Analysis and calculation of next after-hype price of ServiceNow is based on 3 months time horizon.
ServiceNow Stock Price Prediction Analysis
Have you ever been surprised when a price of a Company such as ServiceNow is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading ServiceNow backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with ServiceNow, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.13 | 1.96 | 1.00 | 0.05 | 8 Events / Month | 2 Events / Month | In about 8 days |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | ||
716.65 | 715.65 | 0.14 |
|
ServiceNow Hype Timeline
On the 4th of May ServiceNow is traded for 716.65. The entity has historical hype elasticity of -1.0, and average elasticity to hype of competition of 0.05. ServiceNow is estimated to decline in value after the next headline, with the price expected to drop to 715.65. The average volatility of media hype impact on the company price is about 25.52%. The price depreciation on the next news is expected to be -0.14%, whereas the daily expected return is now at -0.13%. The volatility of related hype on ServiceNow is about 481.97%, with the expected price after the next announcement by competition of 716.70. About 91.0% of the company shares are owned by institutional investors. The company has Price/Earnings To Growth (PEG) ratio of 2.89. ServiceNow recorded earning per share (EPS) of 9.39. The entity had not issued any dividends in recent years. Considering the 90-day investment horizon the next estimated press release will be in about 8 days. Check out ServiceNow Basic Forecasting Models to cross-verify your projections.ServiceNow Related Hype Analysis
Having access to credible news sources related to ServiceNow's direct competition is more important than ever and may enhance your ability to predict ServiceNow's future price movements. Getting to know how ServiceNow's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how ServiceNow may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| SMID | Smith Midland Corp | 1.30 | 7 per month | 0.00 | (0.02) | 5.01 | (7.96) | 27.54 | |
| BMTX | Bm Technologies | (0.04) | 7 per month | 0.00 | (0.11) | 6.25 | (6.06) | 18.92 | |
| DIBS | 1StdibsCom | (0.04) | 10 per month | 2.65 | 0.08 | 5.68 | (5.77) | 18.15 |
ServiceNow Additional Predictive Modules
Most predictive techniques to examine ServiceNow price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for ServiceNow using various technical indicators. When you analyze ServiceNow charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
About ServiceNow Predictive Indicators
The successful prediction of ServiceNow stock price could yield a significant profit to investors. But is it possible? The efficient-market hypothesis suggests that all published stock prices of traded companies, such as ServiceNow, already reflect all publicly available information. This academic statement is a fundamental principle of many financial and investing theories used today. However, the typical investor usually disagrees with a 'textbook' version of this hypothesis and continually tries to find mispriced stocks to increase returns. We use internally-developed statistical techniques to arrive at the intrinsic value of ServiceNow based on analysis of ServiceNow hews, social hype, general headline patterns, and widely used predictive technical indicators.
We also calculate exposure to ServiceNow's market risk, different technical and fundamental indicators, relevant financial multiples and ratios, and then comparing them to ServiceNow's related companies. | 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 15.2 | 5.74 | 15.25 | 11.78 | Days Of Inventory On Hand | 81.74 | 85.62 | 87.59 | 61.0 |
Story Coverage note for ServiceNow
The number of cover stories for ServiceNow depends on current market conditions and ServiceNow's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that ServiceNow is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about ServiceNow's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
Contributor Headline
Latest Perspective From Macroaxis
View All Premium Stories
ServiceNow Short Properties
ServiceNow's future price predictability will typically decrease when ServiceNow's long traders begin to feel the short-sellers pressure to drive the price lower. The predictive aspect of ServiceNow often depends not only on the future outlook of the potential ServiceNow's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. ServiceNow's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 205.6 M | |
| Cash And Short Term Investments | 4.9 B |
Check out ServiceNow Basic Forecasting Models to cross-verify your projections. For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.
Complementary Tools for ServiceNow Stock analysis
When running ServiceNow's price analysis, check to measure ServiceNow's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ServiceNow is operating at the current time. Most of ServiceNow's value examination focuses on studying past and present price action to predict the probability of ServiceNow's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ServiceNow's price. Additionally, you may evaluate how the addition of ServiceNow to your portfolios can decrease your overall portfolio volatility.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Portfolio Rebalancing Analyze risk-adjusted returns against different time horizons to find asset-allocation targets | |
| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |
Is ServiceNow's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ServiceNow. If investors know ServiceNow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ServiceNow listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.288 | Earnings Share 9.39 | Revenue Per Share 46.316 | Quarterly Revenue Growth 0.242 | Return On Assets 0.0381 |
The market value of ServiceNow is measured differently than its book value, which is the value of ServiceNow that is recorded on the company's balance sheet. Investors also form their own opinion of ServiceNow's value that differs from its market value or its book value, called intrinsic value, which is ServiceNow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ServiceNow's market value can be influenced by many factors that don't directly affect ServiceNow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ServiceNow's value and its price as these two are different measures arrived at by different means. Investors typically determine if ServiceNow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ServiceNow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.