Set Your Sights On NOV Inc (NYSE: NOV)’S Upside Potential

NOV Inc (NOV) concluded trading on Thursday at a closing price of $13.37, with 5.86 million shares of worth about $78.29 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -17.47% during that period and on April 03, 2025 the price saw a loss of about -12.61%. Currently the company’s common shares owned by public are about 381.55M shares, out of which, 377.04M shares are available for trading.

Stock saw a price change of -12.50% in past 5 days and over the past one month there was a price change of -6.24%. Year-to-date (YTD), NOV shares are showing a performance of -8.42% which decreased to -33.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $13.77 but also hit the highest price of $21.20 during that period. The average intraday trading volume for NOV Inc shares is 4.51 million. The stock is currently trading -9.67% below its 20-day simple moving average (SMA20), while that difference is down -10.57% for SMA50 and it goes to -17.58% lower than SMA200.

NOV Inc (NYSE: NOV) currently have 381.55M outstanding shares and institutions hold larger chunk of about 102.21% of that.

The stock has a current market capitalization of $5.09B and its 3Y-monthly beta is at 1.25. PE ratio of stock for trailing 12 months is 8.31, while it has posted earnings per share of $1.61 in the same period. Its PEG reads 0.63 and has Quick Ratio of 1.64 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 4.01% while standing at 3.26% over the month.

Stock’s fiscal year EPS is expected to rise by 11.36% while it is estimated to increase by 20.36% 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 RBC Capital Mkts on March 24, 2025 offering an Outperform rating for the stock and assigned a target price of $22 to it. Coverage by Evercore ISI stated NOV Inc (NOV) stock as an In-line in their note to investors on January 15, 2025, suggesting a price target of $18 for the stock. On January 06, 2025, Seaport Research Partners Downgrade their recommendations, while on December 19, 2024, Piper Sandler Initiated their ratings for the stock with a price target of $17. Stock get a Neutral rating from Citigroup on November 11, 2024.

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