Red Robin: Surprise Surprise ServiceNow, Inc. (NOW), Under Armour, Inc. (UAA)?

ServiceNow, Inc. (NYSE:NOW) average daily volatility for this week is 3.88% which is less than the 4.68% recorded over the past month. Its shares dropped by -7.9% or -$16.29 from its last recorded high of $206.29 which it attained on September 13 to close at $190 per share. Over the past 52 weeks, the shares of ServiceNow, Inc. has been trading as low as $134.36 before witnessing a massive surge by 41.41% or $55.64. This price movement has led to the NOW stock receiving more attention and has become one to watch out for. It dipped by -0.25% on Thursday and this got the market worried. The stock’s beta now stands at 1.32 and when compared to its 200-day moving average and its 50-day moving average, NOW price stands 5.75% above and 8.08% above respectively.

ServiceNow, Inc. (NOW) rose 12.35% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a rally that has seen it rise 40.27% and is now up by 6.71% since start of this year. A look at its monthly performance shows that the stock has recorded a 2.76% gain over the past 30 days. Its equity price climbed by 4.74% over the past three months which led to its overall six-month increase to stand at 1.51%.

Experts from research firms are bullish about the near-term performance of ServiceNow, Inc. with most of them predicting a $210.76 price target on a short-term (12 months) basis. The average price target by the analysts will see a 10.93% rise in the stock and would lead to NOW’s market cap to surge to $37.6B. The stock has been rated an average 1.8, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 32 analysts that track ServiceNow, Inc. (NYSE:NOW) and find out that 4 of them rated it as a Hold. 28 of the 28 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at NOW technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 57.87 point. Its trading volume has lost -704733 shares compared to readings over the past three months as it recently exchanged 1635267 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 2340000 shares, and this is 0.7 times the normal volume.

The price of Under Armour, Inc. (NYSE:UAA) currently stands at $19.2 after it went down by $-0.02 or -0.1% and has found a strong support at $18.75 a share. If the UAA price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $18.29 mark would also be bad for the stock as it means that the stock would plunge by 4.74% from its current position. However, if the stock price is able to trade above the resistance point around $19.49, then it could likely surge higher to try and break the upward resistance which stands at $19.77 a share. Its average daily volatility over the past one month stands at 4.93%. The stock has plunged by 3.23% from its 52-weeks high of $18.58 which it reached on Dec. 03, 2018. In general, it is 34.9% above its 52-weeks lowest point which stands at $12.5 and this setback was observed on Feb. 06, 2018.

Analysts have predicted a price target for Under Armour, Inc. (UAA) for 1 year and it stands at an average $20.43/share. This means that it would likely increase by 6.41% from its current position. The current price of the stock has been moving between $18.58 and $19.32. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $8. On the other hand, one analyst is super bullish about the price, setting a target as high as $30.

The UAA stock Stochastic Oscillator (%D) is at 93.25%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 1.57 which compares to the 6.48 recorded by the industry or the 136.78 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 58.36, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone down, with a quarterly decrease rate of -15.3% over the past five years.

Analysts view Under Armour, Inc. (NYSE:UAA) as a Sell, with 3.1 consensus rating. Reuters surveyed 32 analysts that follow UAA and found that 18 of those analysts rated the stock as a Hold. The remaining 14 were divided, with 7 analyst rating it as a Buy or a Strong Buy while 7 analysts advised investors to desist from buying Under Armour, Inc. (UAA) shares or sell it if they already own it.