Currently, there are 381.55M common shares owned by the public and among those 377.31M shares have been available to trade.
The company’s stock has a 5-day price change of 0.64% and -8.89% over the past three months. NOV shares are trading -2.40% year to date (YTD), with the 12-month market performance down to -19.35% lower. It has a 12-month low price of $13.77 and touched a high of $21.20 over the same period. NOV has an average intraday trading volume of 4.46 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 -5.32%, -4.73%, and -13.56% respectively.
Institutional ownership of NOV Inc (NYSE: NOV) shares accounts for 101.85% of the company’s 381.55M shares outstanding.
It has a market capitalization of $5.43B and a beta (3y monthly) value of 1.37. The stock’s trailing 12-month PE ratio is 8.86, while the earnings-per-share (ttm) stands at $1.61. The company has a PEG of 0.70 and a Quick Ratio of 1.64 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 3.93% over the week and 3.20% over the month.
Earnings per share for the fiscal year are expected to increase by 11.58%, and 19.59% over the next financial year.
Looking at the support for the NOV, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on January 15, 2025, with the firm’s price target at $25-$18. Piper Sandler was of a view on December 19, 2024 that the stock is Neutral, while Citigroup gave the stock Neutral rating on November 11, 2024, issuing a price target of $21- $18. TD Cowen on their part issued Buy rating on October 28, 2024.
