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In the latest session, NOV Inc (NYSE: NOV) closed at $18.64 down -0.80% from its previous closing price of $18.79. In other words, the price has decreased by -$0.80 from its previous closing price. On the day, 1.94 million shares were traded. NOV stock price reached its highest trading level at $18.82 during the session, while it also had its lowest trading level at $18.51.
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 7432121856 and an Enterprise Value of 9450789888. As of this moment, NOV’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.50, and their Forward P/E ratio for the next fiscal year is 10.17. 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 0.84 while its Price-to-Book (P/B) ratio in mrq is 1.18. Its current Enterprise Value per Revenue stands at 1.077 whereas that against EBITDA is 8.841.
Stock Price History:
The Beta on a monthly basis for NOV is 1.71, which has changed by -0.011140585 over the last 52 weeks, in comparison to a change of 0.21656322 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 $16.77. The 50-Day Moving Average of the stock is 1.23%, while the 200-Day Moving Average is calculated to be -1.67%.
Shares Statistics:
For the past three months, NOV has traded an average of 2.89M shares per day and 2378540 over the past ten days. A total of 393.95M shares are outstanding, with a floating share count of 392.76M. Insiders hold about 0.70% of the company’s shares, while institutions hold 96.56% stake in the company. Shares short for NOV as of 1719532800 were 9493974 with a Short Ratio of 3.29, compared to 1717113600 on 8657651. Therefore, it implies a Short% of Shares Outstanding of 9493974 and a Short% of Float of 2.42.
Dividends & Splits
According to the company, the forward annual dividend rate for NOV is 0.23, from 0.2 in the trailing year. Against a Trailing Annual Dividend Yield of 0.010643959The 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 2024-06-14 with an ex-dividend date of 1718323200. Stock splits for the company last occurred on 2014-06-02 when the company split stock in a 1109:1000 ratio.
