The stock of NOV Inc (NOV) has seen a 1.56% increase in the past week, with a 3.37% gain in the past month, and a -9.17% decrease in the past quarter. The volatility ratio for the week is 2.69%, and the volatility levels for the past 30 days are at 2.72% for NOV. The simple moving average for the past 20 days is 1.27% for NOV’s stock, with a -8.36% simple moving average for the past 200 days.
Is It Worth Investing in NOV Inc (NYSE: NOV) Right Now?
NOV Inc (NYSE: NOV) has a higher price-to-earnings ratio of 6.01x compared to its average ratio. NOV has 36-month beta value of 1.68. Analysts have mixed views on the stock, with 8 analysts rating it as a “buy,” 7 as “overweight,” 22 as “hold,” and 4 as “sell.”
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The public float for NOV is 386.42M, and currently, short sellers hold a 3.39% ratio of that float. The average trading volume of NOV on November 26, 2024 was 3.77M shares.
NOV) stock’s latest price update
NOV Inc (NYSE: NOV) has seen a decline in its stock price by -2.17 in relation to its previous close of 16.61. However, the company has experienced a 1.56% gain in its stock price over the last five trading sessions. zacks.com reported 2024-11-22 that NOV’s subsidiary GustoMSC has developed the Quick Connector, which enhances safety and efficiency in offshore lifting.
Analysts’ Opinion of NOV
Many brokerage firms have already submitted their reports for NOV stocks, with Citigroup repeating the rating for NOV by listing it as a “Neutral.” The predicted price for NOV in the upcoming period, according to Citigroup is $18 based on the research report published on November 11, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see NOV reach a price target of $22, previously predicting the price at $28. The rating they have provided for NOV stocks is “Buy” according to the report published on October 28th, 2024.
Wells Fargo gave a rating of “Underweight” to NOV, setting the target price at $16 in the report published on September 25th of the current year.
NOV Trading at 1.24% 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 -23.46% of loss for the given period.
Volatility was left at 2.72%, however, over the last 30 days, the volatility rate increased by 2.69%, as shares surge +5.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +1.12% upper at present.
During the last 5 trading sessions, NOV rose by +1.56%, which changed the moving average for the period of 200-days by -5.52% in comparison to the 20-day moving average, which settled at $16.05. In addition, NOV Inc saw -19.87% 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 HARRISON DAVID D, who sale 1,784 shares at the price of $16.10 back on Nov 20 ’24. After this action, HARRISON DAVID D now owns 110,951 shares of NOV Inc, valued at $28,722 using the latest closing price.
Livingston Scott B., the of NOV Inc, sale 29,410 shares at $16.49 during a trade that took place back on Nov 07 ’24, which means that Livingston Scott B. is holding 61,752 shares at $485,085 based on the most recent closing price.
Stock Fundamentals for NOV
Current profitability levels for the company are sitting at:
- 0.11 for the present operating margin
- 0.24 for the gross margin
The net margin for NOV Inc stands at 0.12. The total capital return value is set at 0.1. Equity return is now at value 17.91, with 9.79 for asset returns.
Based on NOV Inc (NOV), the company’s capital structure generated 0.21 points at debt to capital in total, while cash flow to debt ratio is standing at 0.62. The debt to equity ratio resting at 0.27. The interest coverage ratio of the stock is 10.61.
Currently, EBITDA for the company is 1.0 billion with net debt to EBITDA at 1.22. When we switch over and look at the enterprise to sales, we see a ratio of 0.87. The receivables turnover for the company is 3.45for trailing twelve months and the total asset turnover is 0.78. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.57.
Conclusion
To put it simply, NOV Inc (NOV) has had a mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. 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.
