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In the latest session, NOV Inc (NYSE: NOV) closed at $15.15 up 1.27% from its previous closing price of $14.96. In other words, the price has increased by $1.27 from its previous closing price. On the day, 3.46 million shares were traded. NOV stock price reached its highest trading level at $15.53 during the session, while it also had its lowest trading level at $15.1.
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 5.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.22. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 2.57. In the meantime, Its Debt-to-Equity ratio is 0.37 whereas as Long-Term Debt/Eq ratio is at 0.35.
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, Citigroup on November 11, 2024, Downgraded its rating to Neutral and sets its target price to $18 from $21 previously.
On October 28, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $28 to $22.
Wells Fargo Downgraded its Equal Weight to Underweight on September 25, 2024, whereas the target price for the stock was revised from $20 to $16.
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 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:
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 5894622208 and an Enterprise Value of 7362625024. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.60, and their Forward P/E ratio for the next fiscal year is 9.70. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.40. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.63 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 0.827 whereas that against EBITDA is 6.663.
Stock Price History:
Over the past 52 weeks, NOV has reached a high of $21.23, while it has fallen to a 52-week low of $14.94. The 50-Day Moving Average of the stock is -4.90%, while the 200-Day Moving Average is calculated to be -14.23%.
Shares Statistics:
For the past three months, NOV has traded an average of 3.91M shares per day and 3483630 over the past ten days. A total of 389.08M shares are outstanding, with a floating share count of 386.42M. Insiders hold about 0.68% of the company’s shares, while institutions hold 97.17% stake in the company. Shares short for NOV as of 1731628800 were 15162773 with a Short Ratio of 3.88, compared to 1728950400 on 14243148. Therefore, it implies a Short% of Shares Outstanding of 15162773 and a Short% of Float of 3.92.
Dividends & Splits
According to the company, the forward annual dividend rate for NOV is 0.28, from 0.25 in the trailing year. Against a Trailing Annual Dividend Yield of 0.01671123The stock’s 5-year Average Dividend Yield is 1.25.
