NOV Inc (NOV) concluded trading on Thursday at a closing price of $15.62, with 3.34 million shares of worth about $52.14 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -15.57% during that period and on October 17, 2024 the price saw a loss of about -0.51%. Currently the company’s common shares owned by public are about 393.95M shares, out of which, 391.00M shares are available for trading.
Stock saw a price change of -3.46% in past 5 days and over the past one month there was a price change of -4.93%. Year-to-date (YTD), NOV shares are showing a performance of -22.98% which decreased to -25.83% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $15.47 but also hit the highest price of $21.53 during that period. The average intraday trading volume for NOV Inc shares is 3.65 million. The stock is currently trading -3.56% below its 20-day simple moving average (SMA20), while that difference is down -6.94% for SMA50 and it goes to -14.21% lower than SMA200.
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NOV Inc (NYSE: NOV) currently have 393.95M outstanding shares and institutions hold larger chunk of about 97.07% of that.
The stock has a current market capitalization of $6.15B and its 3Y-monthly beta is at 1.67. PE ratio of stock for trailing 12 months is 5.87, while it has posted earnings per share of $2.66 in the same period. Its PEG reads 0.18 and has Quick Ratio of 1.64 while making debt-to-equity ratio of 0.38. 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 1.64% while standing at 2.29% over the month.
Stock’s fiscal year EPS is expected to drop by -35.12% while it is estimated to increase by 13.52% 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 Wells Fargo on September 25, 2024 offering an Underweight rating for the stock and assigned a target price range of between $20 and $16 to it. Coverage by TD Cowen stated NOV Inc (NOV) stock as a Buy in their note to investors on July 29, 2024, suggesting a price target of $28 for the stock. On April 29, 2024, TD Cowen Reiterated their recommendations, while on February 05, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $30. Stock get a Hold rating from The Benchmark Company on January 16, 2024.
