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The price of NOV Inc (NYSE: NOV) closed at $17.28 in the last session, down -2.65% from day before closing price of $17.75. In other words, the price has decreased by -$2.65 from its previous closing price. On the day, 2.72 million shares were traded. NOV stock price reached its highest trading level at $17.6 during the session, while it also had its lowest trading level at $17.205.
Ratios:
We take a closer look at NOV’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 7020761088 and an Enterprise Value of 8912861184. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 6.95, and their Forward P/E ratio for the next fiscal year is 9.37. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.78 while its Price-to-Book (P/B) ratio in mrq is 1.09. Its current Enterprise Value per Revenue stands at 1.016 whereas that against EBITDA is 8.338.
Stock Price History:
Over the past 52 weeks, NOV has reached a high of $21.91, while it has fallen to a 52-week low of $14.85. The 50-Day Moving Average of the stock is -9.23%, while the 200-Day Moving Average is calculated to be -10.77%.
Shares Statistics:
According to the various share statistics, NOV traded on average about 3.35M shares per day over the past 3-months and 2664510 shares per day over the past 10 days. A total of 393.95M shares are outstanding, with a floating share count of 392.75M. Insiders hold about 0.70% of the company’s shares, while institutions hold 96.58% stake in the company. Shares short for NOV as of 1715731200 were 9928299 with a Short Ratio of 2.97, compared to 1713139200 on 10551842. Therefore, it implies a Short% of Shares Outstanding of 9928299 and a Short% of Float of 2.53.
Dividends & Splits
The forward annual dividend rate for NOV is 0.20, which was 0.2 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.011267606The stock’s 5-year Average Dividend Yield is 1.25.
