NOV Inc. (NYSE:NOV) went down by -3.80% from its latest closing price compared to the recent 1-year high of $24.06. The company’s stock price has collected -9.06% of loss in the last five trading sessions.
Is It Worth Investing in NOV Inc. (NYSE :NOV) Right Now?
Plus, the 36-month beta value for NOV is at 1.82. Opinions of the stock are interesting as 9 analysts out of 22 who provided ratings for NOV Inc. declared the stock was a “buy,” while 3 rated the stock as “overweight,” 7 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $22.15, which is $5.84 above the current price. NOV currently public float of 356.89M and currently shorts hold a 3.95% ratio of that float. Today, the average trading volume of NOV was 3.66M shares.
NOV’s Market Performance
NOV stocks went down by -9.06% for the week, with a monthly drop of -8.71% and a quarterly performance of -15.72%, while its annual performance rate touched 1.23%. The volatility ratio for the week stands at 4.49% while the volatility levels for the past 30 days are set at 4.06% for NOV Inc. The simple moving average for the period of the last 20 days is -15.16% for NOV stocks with a simple moving average of 0.88% for the last 200 days.
Analysts’ Opinion of NOV
Many brokerage firms have already submitted their reports for NOV stocks, with Griffin Securities repeating the rating for NOV by listing it as a “Buy.” The predicted price for NOV in the upcoming period, according to Griffin Securities is $26 based on the research report published on May 02nd of the current year 2022.
Citigroup, on the other hand, stated in their research note that they expect to see NOV reach a price target of $21, previously predicting the price at $22. The rating they have provided for NOV stocks is “Neutral” according to the report published on March 14th, 2022.
NOV Trading at -13.58% 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 -31.59% of loss for the given period.
Volatility was left at 4.06%, however, over the last 30 days, the volatility rate increased by 4.49%, as shares sank -12.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.19% lower at present.
During the last 5 trading sessions, NOV fell by -9.06%, which changed the moving average for the period of 200-days by +27.10% in comparison to the 20-day moving average, which settled at $19.28. In addition, NOV Inc. saw 21.48% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at NOV starting from MATTSON ERIC L, who sale 9,819 shares at the price of $19.15 back on May 25. After this action, MATTSON ERIC L now owns 67,281 shares of NOV Inc., valued at $188,034 using the latest closing price.
MATTSON ERIC L, the Director of NOV Inc., sale 8,157 shares at $14.53 during a trade that took place back on Oct 28, which means that MATTSON ERIC L is holding 68,627 shares at $118,528 based on the most recent closing price.
Stock Fundamentals for NOV
Current profitability levels for the company are sitting at:
- -2.26 for the present operating margin
- +14.17 for the gross margin
The net margin for NOV Inc. stands at -4.52. Equity return is now at value -3.70, with -1.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.57.