The stock price of NOV Inc (NYSE: NOV) has plunged by -1.13 when compared to previous closing price of 14.99, but the company has seen a -5.12% decline in its stock price over the last five trading sessions. businesswire.com reported 2025-02-21 that HOUSTON–(BUSINESS WIRE)–NOV Declares Regular Quarterly Dividend.
Is It Worth Investing in NOV Inc (NYSE: NOV) Right Now?
The price-to-earnings ratio for NOV Inc (NYSE: NOV) is above average at 9.21x. The 36-month beta value for NOV is also noteworthy at 1.68. There are mixed opinions on the stock, with 5 analysts rating it as a “buy,” 7 rating it as “overweight,” 12 rating it as “hold,” and 1 rating it as “sell.”
The public float for NOV is 377.29M, and at present, short sellers hold a 4.86% of that float. The average trading volume of NOV on February 25, 2025 was 4.24M shares.
NOV’s Market Performance
The stock of NOV Inc (NOV) has seen a -5.12% decrease in the past week, with a -0.20% drop in the past month, and a -8.86% fall in the past quarter. The volatility ratio for the week is 2.30%, and the volatility levels for the past 30 days are at 3.42% for NOV. The simple moving average for the past 20 days is -2.84% for NOV’s stock, with a -11.27% simple moving average for the past 200 days.
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 -0.92% 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 -30.09% of loss for the given period.
Volatility was left at 3.42%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares surge +1.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -1.46% lower at present.
During the last 5 trading sessions, NOV fell by -4.74%, which changed the moving average for the period of 200-days by -21.52% in comparison to the 20-day moving average, which settled at $15.26. In addition, NOV Inc saw 1.51% in overturn over a single year, with a tendency to cut further gains.
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 insider 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 0.07. The total capital return value is set at 0.11. Equity return is now at value 10.12, with 5.61 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 0.55. The debt to equity ratio resting at 0.37. The interest coverage ratio of the stock is 11.07.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at 0.94. When we switch over and look at the enterprise to sales, we see a ratio of 0.77. The receivables turnover for the company is 3.7for 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 2.46.
Conclusion
In summary, NOV Inc (NOV) has had a bad performance as of late. Analysts have bullish opinions on the stock, with some viewing 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.
