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In the latest session, NOV Inc (NYSE: NOV) closed at $15.68 down -3.09% from its previous closing price of $16.18. In other words, the price has decreased by -$3.09 from its previous closing price. On the day, 3.82 million shares were traded. NOV stock price reached its highest trading level at $15.875 during the session, while it also had its lowest trading level at $15.545.
Ratios:
For a deeper understanding of NOV Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 7.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.13. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.61. In the meantime, Its Debt-to-Equity ratio is 0.38 whereas as Long-Term Debt/Eq ratio is at 0.36.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Wells Fargo on September 25, 2024, Downgraded its rating to Underweight and sets its target price to $16 from $20 previously.
On July 29, 2024, TD Cowen reiterated its Buy rating and also lowered its target price recommendation from $27 to $28.
TD Cowen reiterated its Buy rating for the stock on April 29, 2024, while the target price for the stock was revised from $27 to $26.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 22 ’24 when Novak Christy Lynn sold 3,500 shares for $17.43 per share. The transaction valued at 60,988 led to the insider holds 114,212 shares of the business.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NOV now has a Market Capitalization of 6173325824 and an Enterprise Value of 7799324160. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.89, and their Forward P/E ratio for the next fiscal year is 9.13. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 0.876 whereas that against EBITDA is 6.414.
Stock Price History:
Over the past 52 weeks, NOV has reached a high of $21.53, while it has fallen to a 52-week low of $15.47. The 50-Day Moving Average of the stock is -7.02%, while the 200-Day Moving Average is calculated to be -14.09%.
Shares Statistics:
For the past three months, NOV has traded an average of 3.64M shares per day and 3050630 over the past ten days. A total of 393.95M shares are outstanding, with a floating share count of 391.00M. Insiders hold about 0.69% of the company’s shares, while institutions hold 97.06% stake in the company. Shares short for NOV as of 1727654400 were 14089124 with a Short Ratio of 3.87, compared to 1724976000 on 12161411. Therefore, it implies a Short% of Shares Outstanding of 14089124 and a Short% of Float of 3.5999999999999996.
Dividends & Splits
According to the company, the forward annual dividend rate for NOV is 0.25, from 0.225 in the trailing year. Against a Trailing Annual Dividend Yield of 0.013906056The stock’s 5-year Average Dividend Yield is 1.25.
