Currently, there are 381.55M common shares owned by the public and among those 377.24M shares have been available to trade.
The company’s stock has a 5-day price change of 3.56% and 6.55% over the past three months. NOV shares are trading 3.56% year to date (YTD), with the 12-month market performance down to -21.17% 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 4.55 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 3.44%, 1.12%, and -7.38% respectively.
Institutional ownership of NOV Inc (NYSE: NOV) shares accounts for 101.99% of the company’s 381.55M shares outstanding.
It has a market capitalization of $5.76B and a beta (3y monthly) value of 1.39. The stock’s trailing 12-month PE ratio is 9.40, while the earnings-per-share (ttm) stands at $1.61. The company has a PEG of 0.74 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 2.77% over the week and 3.25% over the month.
Earnings per share for the fiscal year are expected to increase by 11.57%, and 19.98% over the next financial year.
Looking at the support for the NOV, a number of firms have released research notes about the stock. RBC Capital Mkts stated their Outperform rating for the stock in a research note on March 24, 2025, with the firm’s price target at $22. Evercore ISI coverage for the NOV Inc (NOV) stock in a research note released on January 15, 2025 offered a In-line rating with a price target of $18. Seaport Research Partners was of a view on January 06, 2025 that the stock is Neutral, while Piper Sandler gave the stock Neutral rating on December 19, 2024, issuing a price target of $17. Citigroup on their part issued Neutral rating on November 11, 2024.
