Financial Fitness Check: Examining NOV Inc (NOV)’s Key Ratios

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In the latest session, NOV Inc (NYSE: NOV) closed at $18.85 down -0.26% from its previous closing price of $18.90. In other words, the price has decreased by -$0.26 from its previous closing price. On the day, 2.26 million shares were traded. NOV stock price reached its highest trading level at $18.97 during the session, while it also had its lowest trading level at $18.53.

Ratios:

For a deeper understanding of NOV Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.50 and its Current Ratio is at 2.50. In the meantime, Its Debt-to-Equity ratio is 0.40 whereas as Long-Term Debt/Eq ratio is at 0.37.

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 this company, TD Cowen on April 29, 2024, Reiterated its Buy rating but revised its target price to $26 from $27 previously.

On February 05, 2024, TD Cowen reiterated its Outperform rating and also upped its target price recommendation from $31 to $30.

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 7455853568 and an Enterprise Value of 9533852672. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.58, and their Forward P/E ratio for the next fiscal year is 10.32. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.85 while its Price-to-Book (P/B) ratio in mrq is 1.19. Its current Enterprise Value per Revenue stands at 1.086 whereas that against EBITDA is 8.918.

Stock Price History:

The Beta on a monthly basis for NOV is 1.71, which has changed by 0.24094796 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, NOV has reached a high of $21.91, while it has fallen to a 52-week low of $14.05. The 50-Day Moving Average of the stock is -0.58%, while the 200-Day Moving Average is calculated to be -3.26%.

Shares Statistics:

For the past three months, NOV has traded an average of 3.55M shares per day and 2121790 over the past ten days. A total of 393.95M shares are outstanding, with a floating share count of 392.84M. Insiders hold about 0.68% of the company’s shares, while institutions hold 96.54% stake in the company. Shares short for NOV as of 1714435200 were 9630476 with a Short Ratio of 2.71, compared to 1711584000 on 10325254. Therefore, it implies a Short% of Shares Outstanding of 9630476 and a Short% of Float of 2.4500001.

Dividends & Splits

According to the company, the forward annual dividend rate for NOV is 0.20, from 0.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.010582011The stock’s 5-year Average Dividend Yield is 1.25. The current Payout Ratio is 8.00% for NOV, which recently paid a dividend on 2024-03-13 with an ex-dividend date of 1710288000. Stock splits for the company last occurred on 2014-06-02 when the company split stock in a 1109:1000 ratio.

Earnings Estimates

The dynamic stock of NOV Inc (NOV) is currently attracting attention from 20.0 analysts actively involved in rating its market status.On average, analysts expect EPS of $0.34 for the current quarter, with a high estimate of $0.43 and a low estimate of $0.29, while EPS last year was $0.39. The consensus estimate for the next quarter is $0.41, with high estimates of $0.47 and low estimates of $0.37.

Analysts are recommending an EPS of between $1.79 and $1.38 for the fiscal current year, implying an average EPS of $1.53. EPS for the following year is $1.82, with 20.0 analysts recommending between $2.21 and $1.49.

Revenue Estimates

A total of 15 analysts believe the company’s revenue will be $2.19B this quarter.It ranges from a high estimate of $2.28B to a low estimate of $2.15B. As of the current estimate, NOV Inc’s year-ago sales were $2.09BFor the next quarter, 15 analysts are estimating revenue of $2.3B. There is a high estimate of $2.35B for the next quarter, whereas the lowest estimate is $2.22B.

A total of 18 analysts have provided revenue estimates for NOV’s current fiscal year. The highest revenue estimate was $9.23B, while the lowest revenue estimate was $8.89B, resulting in an average revenue estimate of $9.07B. In the same quarter a year ago, actual revenue was $8.58BBased on 18 analysts’ estimates, the company’s revenue will be $9.67B in the next fiscal year. The high estimate is $10.02B and the low estimate is $9.3B.

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