NOV Inc (NYSE: NOV): The Best-Of-Breed For Investing?

Currently, there are 392.83M common shares owned by the public and among those 390.16M shares have been available to trade.

Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 21 of these insider trades were purchases, accounting for 627,157 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 248,637 shares.

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However, the script later moved the day high at 17.75, up 1.63%. The company’s stock has a 5-day price change of 0.98% and -7.37% over the past three months. NOV shares are trading -13.81% year to date (YTD), with the 12-month market performance down to -24.10% lower. It has a 12-month low price of $14.05 and touched a high of $24.21 over the same period. NOV has an average intraday trading volume of 1.46 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.11%, -10.31%, and -6.72% respectively.

Institutional ownership of NOV Inc (NYSE: NOV) shares accounts for 95.27% of the company’s 392.83M shares outstanding.

It has a market capitalization of $6.89B and a beta (3y monthly) value of 1.76. The stock’s trailing 12-month PE ratio is 6.98, while the earnings-per-share (ttm) stands at $2.50. The company has a PEG of 0.22 and a Quick Ratio of 1.51 with the debt-to-equity ratio at 0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.61% over the week and 3.52% over the month.

Analysts forecast that NOV Inc (NOV) will achieve an EPS of $0.27 for the current quarter, $0.37 for the next quarter and $1.85 for 2025. The lowest estimate earnings-per-share for the quarter is $0.23 while analysts give the company a high EPS estimate of $0.36. Comparatively, EPS for the current quarter was $0.32 a year ago. Earnings per share for the fiscal year are expected to decrease by -32.39%, and 20.38% over the next financial year.

Looking at the support for the NOV, a number of firms have released research notes about the stock. TD Cowen stated their Outperform rating for the stock in a research note on February 05, 2024, with the firm’s price target at $31-$30.

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