In the past week, NOV stock has gone down by -13.77%, with a monthly decline of -22.92% and a quarterly plunge of -12.06%. The volatility ratio for the week is 4.99%, and the volatility levels for the last 30 days are 3.69% for NOV Inc. The simple moving average for the last 20 days is -15.93% for NOV stock, with a simple moving average of -8.04% for the last 200 days.
Is It Worth Investing in NOV Inc. (NYSE: NOV) Right Now?
The price-to-earnings ratio for NOV Inc. (NYSE: NOV) is 46.56x, which is above its average ratio. Moreover, the 36-month beta value for NOV is 1.93. Analysts have varying opinions on the stock, with 13 analysts rating it as a “buy,” 1 as “overweight,” 8 as “hold,” and 1 as “sell.”
Do You Know The Best Place To Find Gains In Volatile Markets?
In today's chaotic marketplace, the biggest gains will come from some currently-small companies that pass by older, larger businesses still stuck in a pre-pandemic world. The trick is figuring out which small caps will be tomorrow's winners. That's why StockWire News has put together a special Wealth Building Report, highlighting 3 small cap stocks set to soar in 2023.
Click here for full details and to join for free.
Sponsored
The average price recommended by analysts for NOV Inc. (NOV) is $26.41, which is $8.43 above the current market price. The public float for NOV is 390.23M and currently, short sellers hold a 2.78% of that float. On March 17, 2023, NOV’s average trading volume was 3.63M shares.
NOV) stock’s latest price update
NOV Inc. (NYSE: NOV)’s stock price has increased by 0.67 compared to its previous closing price of 18.04. Nevertheless, the company has seen a -13.77% plunge in its stock price over the last five trading sessions.
Analysts’ Opinion of NOV
In the past week, NOV stock has gone down by -13.77%, with a monthly decline of -22.92% and a quarterly plunge of -12.06%. The volatility ratio for the week is 4.99%, and the volatility levels for the last 30 days are 3.69% for NOV Inc. The simple moving average for the last 20 days is -15.93% for NOV stock, with a simple moving average of -8.04% for the last 200 days.
Analysts’ Opinion of NOV
Many brokerage firms have already submitted their reports for NOV stocks, with The Benchmark Company repeating the rating for NOV by listing it as a “Buy.” The predicted price for NOV in the upcoming period, according to The Benchmark Company is $28 based on the research report published on January 19th of the current year 2023.
Morgan Stanley, on the other hand, stated in their research note that they expect to see NOV reach a price target of $24, previously predicting the price at $21. The rating they have provided for NOV stocks is “Overweight” according to the report published on January 04th, 2023.
Raymond James gave a rating of “Outperform” to NOV, setting the target price at $30 in the report published on December 09th of the previous year.
NOV Trading at -19.19% 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 -26.86% of loss for the given period.
Volatility was left at 3.69%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares sank -21.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.51% lower at present.
During the last 5 trading sessions, NOV fell by -13.77%, which changed the moving average for the period of 200-days by -9.74% in comparison to the 20-day moving average, which settled at $21.36. In addition, NOV Inc. saw -13.07% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NOV starting from MATTSON ERIC L, who sale 20,681 shares at the price of $21.90 back on Feb 28. After this action, MATTSON ERIC L now owns 46,600 shares of NOV Inc., valued at $452,919 using the latest closing price.
Novak Christy Lynn, the VP, Corp. Controller, CAO of NOV Inc., sale 9,607 shares at $21.86 during a trade that took place back on Feb 27, which means that Novak Christy Lynn is holding 84,600 shares at $210,019 based on the most recent closing price.
Stock Fundamentals for NOV
Current profitability levels for the company are sitting at:
- +3.53 for the present operating margin
- +18.32 for the gross margin
The net margin for NOV Inc. stands at +2.14. Equity return is now at value 3.10, with 1.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.25.
Conclusion
To wrap up, the performance of NOV Inc. (NOV) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
