NOV Inc. (NYSE:NOV) went down by -1.81% from its latest closing price compared to the recent 1-year high of $17.50. The company’s stock price has collected -1.95% of loss in the last five trading sessions. Press Release reported on 03/18/21 that NexTier Announces Successful Field Testing of NOV Electric Frac System
Is It Worth Investing in NOV Inc. (NYSE :NOV) Right Now?
Plus, the 36-month beta value for NOV is at 2.30. Opinions of the stock are interesting as 11 analysts out of 25 who provided ratings for NOV Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 9 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $15.80, which is $2.56 above the current price. NOV currently public float of 357.99M and currently shorts hold a 4.92% ratio of that float. Today, the average trading volume of NOV was 5.20M shares.
NOV’s Market Performance
NOV stocks went down by -1.95% for the week, with a monthly drop of -21.46% and a quarterly performance of -2.23%, while its annual performance rate touched 37.87%. The volatility ratio for the week stands at 3.36% while the volatility levels for the past 30 days are set at 4.48% for NOV Inc.. The simple moving average for the period of the last 20 days is -9.23% for NOV stocks with a simple moving average of 8.93% for the last 200 days.
Analysts’ Opinion of NOV
Many brokerage firms have already submitted their reports for NOV stocks, with Wells Fargo repeating the rating for NOV by listing it as a “Overweight.” The predicted price for NOV in the upcoming period, according to Wells Fargo is $17 based on the research report published on January 21st of the current year 2021.
Citigroup, on the other hand, stated in their research note that they expect to see NOV reach a price target of $18, previously predicting the price at $15. The rating they have provided for NOV stocks is “Buy” according to the report published on January 12th, 2021.
NOV Trading at -5.90% from the 50-Day Moving Average
After a stumble in the market that brought NOV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.40% of loss for the given period.
Volatility was left at 4.48%, however, over the last 30 days, the volatility rate increased by 3.36%, as shares sank -20.26% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.27% upper at present.
During the last 5 trading sessions, NOV fell by -1.95%, which changed the moving average for the period of 200-days by +10.68% in comparison to the 20-day moving average, which settled at $14.79. In addition, NOV Inc. saw -1.09% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at NOV starting from Duff Scott K., who sale 10,000 shares at the price of $14.81 back on Feb 23. After this action, Duff Scott K. now owns 102,172 shares of NOV Inc., valued at $148,100 using the latest closing price.
Stock Fundamentals for NOV
Current profitability levels for the company are sitting at:
- -8.97 for the present operating margin
- +6.97 for the gross margin
The net margin for NOV Inc. stands at -41.86. The total capital return value is set at -5.91, while invested capital returns managed to touch -28.09. Equity return is now at value -47.00, with -24.70 for asset returns.
Based on NOV Inc. (NOV), the company’s capital structure generated 49.06 points at debt to equity in total, while total debt to capital is 32.91. Total debt to assets is 25.22, with long-term debt to equity ratio resting at 46.95. Finally, the long-term debt to capital ratio is 31.50.
When we switch over and look at the enterprise to sales, we see a ratio of 1.02, with the company’s debt to enterprise value settled at 0.41. The receivables turnover for the company is 2.77 and the total asset turnover is 0.51. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.79.