In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $13.08 in the prior trading day, NOV Inc (NYSE: NOV) closed at $12.83, down -1.91%. In other words, the price has decreased by -$1.91 from its previous closing price. On the day, 3.81 million shares were traded.
Ratios:
Our goal is to gain a better understanding of NOV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.17 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 4.19. For the most recent quarter (mrq), Quick Ratio is recorded 1.76 and its Current Ratio is at 2.65. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.35.
On January 15, 2025, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $25 to $18.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Nov 20 ’24 when HARRISON DAVID D sold 1,784 shares for $16.10 per share. The transaction valued at 28,722 led to the insider holds 110,951 shares of the business.
Livingston Scott B. sold 29,410 shares of NOV for $485,085 on Nov 07 ’24. The insider now owns 61,752 shares after completing the transaction at $16.49 per share. On Nov 07 ’24, another insider, Rovig Joseph W, who serves as the President – Energy Equipment of the company, sold 73,256 shares for $16.40 each. As a result, the insider received 1,201,076 and left with 191,567 shares of the company.
Valuation Measures:
As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.56, and their Forward P/E ratio for the next fiscal year is 9.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.09. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.55 while its Price-to-Book (P/B) ratio in mrq is 0.75.
Stock Price History:
Over the past 52 weeks, NOV has reached a high of $20.83, while it has fallen to a 52-week low of $10.65. The 50-Day Moving Average of the stock is 3.40%, while the 200-Day Moving Average is calculated to be -10.57%.
Shares Statistics:
A total of 378.08M shares are outstanding, with a floating share count of 371.88M. Insiders hold about 1.03% of the company’s shares, while institutions hold 100.66% stake in the company.
