NOV Inc (NOV): Insights At A Glance

NOV Inc (NOV) concluded trading on Wednesday at a closing price of $20.10, with 8.84 million shares of worth about $177.69 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.71% during that period and on April 3, 2024 the price saw a gain of about 0.40%. Currently the company’s common shares owned by public are about 393.95M shares, out of which, 390.43M shares are available for trading.

Stock saw a price change of 5.51% in past 5 days and over the past one month there was a price change of 19.15%. Year-to-date (YTD), NOV shares are showing a performance of -0.89% which increased to 8.59% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.05 but also hit the highest price of $21.91 during that period. The average intraday trading volume for NOV Inc shares is 4.60 million. The stock is currently trading 7.74% above its 20-day simple moving average (SMA20), while that difference is up 9.50% for SMA50 and it goes to 4.78% higher than SMA200.

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NOV Inc (NYSE: NOV) currently have 393.95M outstanding shares and institutions hold larger chunk of about 97.68% of that.

The stock has a current market capitalization of $7.92B and its 3Y-monthly beta is at 1.76. PE ratio of stock for trailing 12 months is 8.02, while it has posted earnings per share of $2.50 in the same period. Its PEG reads 0.25 and has Quick Ratio of 1.51 while making debt-to-equity ratio of 0.39. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NOV, volatility over the week remained 2.54% while standing at 2.38% over the month.

Analysts are in expectations that NOV Inc (NOV) stock would likely to be making an EPS of $0.27 in the current quarter, while forecast for next quarter EPS is $0.36 and it is $1.83 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.23 which is $0.36 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.32 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -34.84% while it is estimated to increase by 21.64% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by TD Cowen on February 05, 2024 offering an Outperform rating for the stock and assigned a target price range of between $31 and $30 to it. On December 08, 2023, JP Morgan Upgrade their recommendations, while on October 17, 2023, Barclays Downgrade their ratings for the stock with a price target of $20. Stock get an Equal weight rating from CapitalOne on July 14, 2023.

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