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After finishing at $14.73 in the prior trading day, NOV Inc (NYSE: NOV) closed at $14.40, down -2.24%. In other words, the price has decreased by -$2.24 from its previous closing price. On the day, 3.74 million shares were traded. NOV stock price reached its highest trading level at $14.8 during the session, while it also had its lowest trading level at $14.195.
Ratios:
Our goal is to gain a better understanding of NOV by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 7.17. 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, Evercore ISI on January 15, 2025, Downgraded its rating to In-line and sets its target price to $18 from $25 previously.
On December 19, 2024, Piper Sandler started tracking the stock assigning a Neutral rating and target price of $17.Piper Sandler initiated its Neutral rating on December 19, 2024, with a $17 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 5602809344 and an Enterprise Value of 7070812160. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.32, and their Forward P/E ratio for the next fiscal year is 9.81. 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 0.87. Its current Enterprise Value per Revenue stands at 0.794 whereas that against EBITDA is 6.399.
Stock Price History:
The Beta on a monthly basis for NOV is 1.65, which has changed by -0.261917 over the last 52 weeks, in comparison to a change of 0.25219524 over the same period for the S&P500. Over the past 52 weeks, NOV has reached a high of $21.20, while it has fallen to a 52-week low of $13.94. The 50-Day Moving Average of the stock is -5.30%, while the 200-Day Moving Average is calculated to be -15.50%.
Shares Statistics:
The stock has traded on average 3.93M shares per day over the past 3-months and 3438700 shares per day over the last 10 days, according to various share statistics. 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 100.73% stake in the company. Shares short for NOV as of 1736899200 were 19888031 with a Short Ratio of 5.06, compared to 1734048000 on 17079673. Therefore, it implies a Short% of Shares Outstanding of 19888031 and a Short% of Float of 5.1499999999999995.
Dividends & Splits
In the trailing 12 months, NOV’s forward annual dividend rate was 0.25, compared to 0.28 this year. Against a Trailing Annual Dividend Yield of 0.016972166The 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 2024-12-06 with an ex-dividend date of 1733443200. Stock splits for the company last occurred on 2014-06-02 when the company split stock in a 1109:1000 ratio.
