NOV Inc (NOV) concluded trading on Wednesday at a closing price of $16.79, with 5.94 million shares of worth about $99.68 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -11.26% during that period and on November 06, 2024 the price saw a gain of about 9.10%. Currently the company’s common shares owned by public are about 393.95M shares, out of which, 386.41M shares are available for trading.
Stock saw a price change of 8.25% in past 5 days and over the past one month there was a price change of 4.48%. Year-to-date (YTD), NOV shares are showing a performance of -17.21% which decreased to -15.88% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $14.98 but also hit the highest price of $21.23 during that period. The average intraday trading volume for NOV Inc shares is 3.59 million. The stock is currently trading 7.34% above its 20-day simple moving average (SMA20), while that difference is up 4.01% for SMA50 and it goes to -6.24% lower than SMA200.
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NOV Inc (NYSE: NOV) currently have 393.95M outstanding shares and institutions hold larger chunk of about 98.22% of that.
The stock has a current market capitalization of $6.53B and its 3Y-monthly beta is at 1.68. PE ratio of stock for trailing 12 months is 6.21, while it has posted earnings per share of $2.70 in the same period. Its PEG reads 0.19 and has Quick Ratio of 1.65 while making debt-to-equity ratio of 0.37. 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 3.12% while standing at 2.54% over the month.
Stock’s fiscal year EPS is expected to drop by -36.68% while it is estimated to increase by 8.31% 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 October 28, 2024 offering a Buy rating for the stock and assigned a target price range of between $28 and $22 to it. Coverage by Wells Fargo stated NOV Inc (NOV) stock as an Underweight in their note to investors on September 25, 2024, suggesting a price target of $16 for the stock. On July 29, 2024, TD Cowen Reiterated their recommendations, while on April 29, 2024, TD Cowen Reiterated their ratings for the stock with a price target of $26. Stock get an Outperform rating from TD Cowen on February 05, 2024.
