NOV Inc (NOV) Volatility Spurs A Quest For Clarity

Currently, there are 389.08M common shares owned by the public and among those 386.42M shares have been available to trade.

The company’s stock has a 5-day price change of -6.01% and -16.00% over the past three months. NOV shares are trading -30.62% year to date (YTD), with the 12-month market performance down to -30.55% lower. It has a 12-month low price of $14.02 and touched a high of $21.23 over the same period. NOV has an average intraday trading volume of 3.90 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.38%, -10.13%, and -19.86% respectively.

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Institutional ownership of NOV Inc (NYSE: NOV) shares accounts for 97.11% of the company’s 389.08M shares outstanding.

It has a market capitalization of $5.48B and a beta (3y monthly) value of 1.67. The stock’s trailing 12-month PE ratio is 5.20, while the earnings-per-share (ttm) stands at $2.70. The company has a PEG of 1.30 and a Quick Ratio of 1.65 with the debt-to-equity ratio at 0.37. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.59% over the week and 2.93% over the month.

Earnings per share for the fiscal year are expected to decrease by -37.33%, and 5.60% over the next financial year.

Looking at the support for the NOV, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on December 19, 2024, with the firm’s price target at $17. Citigroup coverage for the NOV Inc (NOV) stock in a research note released on November 11, 2024 offered a Neutral rating with a price target of $18. TD Cowen was of a view on October 28, 2024 that the stock is Buy, while Wells Fargo gave the stock Underweight rating on September 25, 2024, issuing a price target of $20- $16. TD Cowen on their part issued Buy rating on July 29, 2024.

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