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In the latest session, NOV Inc (NYSE: NOV) closed at $15.86 down -0.88% from its previous closing price of $16.00. In other words, the price has decreased by -$0.88 from its previous closing price. On the day, 7.53 million shares were traded. NOV stock price reached its highest trading level at $16.335 during the session, while it also had its lowest trading level at $15.68.
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 7.55 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.29. 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 this company, TD Cowen on July 29, 2024, Reiterated its Buy rating but revised its target price to $28 from $27 previously.
On April 29, 2024, TD Cowen reiterated its Buy rating and also upped its target price recommendation from $27 to $26.
TD Cowen reiterated its Outperform rating for the stock on February 05, 2024, while the target price for the stock was revised 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 6244192768 and an Enterprise Value of 7870191104. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.96, and their Forward P/E ratio for the next fiscal year is 8.79. 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 0.70 while its Price-to-Book (P/B) ratio in mrq is 0.98. Its current Enterprise Value per Revenue stands at 0.884 whereas that against EBITDA is 6.472.
Stock Price History:
Over the past 52 weeks, NOV has reached a high of $21.71, while it has fallen to a 52-week low of $15.47. The 50-Day Moving Average of the stock is -12.22%, while the 200-Day Moving Average is calculated to be -14.83%.
Shares Statistics:
For the past three months, NOV has traded an average of 3.16M shares per day and 3852520 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 97.90% stake in the company. Shares short for NOV as of 1724976000 were 12161411 with a Short Ratio of 3.85, compared to 1722384000 on 10303337. Therefore, it implies a Short% of Shares Outstanding of 12161411 and a Short% of Float of 3.11.
Dividends & Splits
According to the company, the forward annual dividend rate for NOV is 0.30, from 0.225 in the trailing year. Against a Trailing Annual Dividend Yield of 0.014128728The stock’s 5-year Average Dividend Yield is 1.25.
