The stock of NOV Inc (NOV) has gone down by -6.25% for the week, with a 0.34% rise in the past month and a -4.65% drop in the past quarter. The volatility ratio for the week is 2.82%, and the volatility levels for the past 30 days are 2.60% for NOV. The simple moving average for the past 20 days is -2.00% for NOV’s stock, with a -14.63% 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 price-to-earnings ratio that is above its average at 5.38x. The stock has a 36-month beta value of 1.65. Opinions on the stock are mixed, with 7 analysts rating it as a “buy,” 7 as “overweight,” 11 as “hold,” and 1 as “sell.”
The public float for NOV is 386.42M, and at present, short sellers hold a 5.15% of that float. On January 28, 2025, the average trading volume of NOV was 3.93M shares.
NOV) stock’s latest price update
NOV Inc (NYSE: NOV) has experienced a decline in its stock price by -1.22 compared to its previous closing price of 14.73. However, the company has seen a fall of -6.25% in its stock price over the last five trading days. zacks.com reported 2025-01-28 that Nov Inc. (NOV) doesn’t possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Analysts’ Opinion of NOV
Many brokerage firms have already submitted their reports for NOV stocks, with Evercore ISI repeating the rating for NOV by listing it as a “In-line.” The predicted price for NOV in the upcoming period, according to Evercore ISI is $18 based on the research report published on January 15, 2025 of the current year 2025.
Piper Sandler gave a rating of “Neutral” to NOV, setting the target price at $17 in the report published on December 19th of the previous year.
NOV Trading at -4.33% 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 -31.37% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.82%, as shares surge +1.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.70% lower at present.
During the last 5 trading sessions, NOV fell by -5.90%, which changed the moving average for the period of 200-days by -27.98% in comparison to the 20-day moving average, which settled at $14.85. In addition, NOV Inc saw -0.34% 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. 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 0.27 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.37. 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 0.79. 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 sum up, NOV Inc (NOV) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
