NOV Inc. [NYSE: NOV] closed the trading session at $13.49 on 09/13/21. The day’s price range saw the stock hit a low of $13.18, while the highest price level was $13.66. The company report on September 4, 2021 that Match Group, Ceridian HCM and Brown & Brown Set to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600.
S&P Dow Jones Indices will make the following index adjustments to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 to ensure each index is more representative of its market capitalization range. The changes will be effective prior to the open of trading on Monday, September 20, 2021 to coincide with the quarterly rebalance:.
Match Group Inc. (NASD:MTCH) will replace Perrigo Company plc (NYSE:PRGO) in the S&P 500, Perrigo Company will replace WW International Inc. (NASD:WW) in the S&P MidCap 400, and WW International will replace Team Inc (NYSE:TISI) in the S&P SmallCap 600. Team has a market capitalization that is no longer representative of the small-cap market space.
The stocks have a year to date performance of -1.75 percent and weekly performance of 4.17 percent. The stock has been moved at -20.32 percent over the last six months. The stock has performed -0.66 percent around the most recent 30 days and changed -19.75 percent over the most recent 3-months.
If compared to the average trading volume of 4.59M shares, NOV reached to a volume of 5766421 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about NOV Inc. [NOV]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NOV shares is $17.61 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NOV stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
RBC Capital Mkts have made an estimate for NOV Inc. shares, keeping their opinion on the stock as Sector Perform, with their previous recommendation back on September 09, 2021. While these analysts kept the previous recommendation, BMO Capital Markets raised their target price from $14 to $15. The new note on the price target was released on July 19, 2021, representing the official price target for NOV Inc. stock.
The Average True Range (ATR) for NOV Inc. is set at 0.54, with the Price to Sales ratio for NOV stock in the period of the last 12 months amounting to 0.95. The Price to Book ratio for the last quarter was 1.02. Price to Free Cash Flow for NOV in the course of the last twelve months was 11.16 with Quick ratio for the last quarter at 2.00.
NOV stock trade performance evaluation
NOV Inc. [NOV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.17. With this latest performance, NOV shares dropped by -0.66% in over the last four-week period, additionally sinking by -20.32% over the last 6 months – not to mention a rise of 20.34% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NOV stock in for the last two-week period is set at 53.43, with the RSI for the last a single of trading hit 58.28, and the three-weeks RSI is set at 50.50 for NOV Inc. [NOV]. The present Moving Average for the last 50 days of trading for this stock 13.53, while it was recorded at 13.01 for the last single week of trading, and 14.50 for the last 200 days.
NOV Inc. [NOV]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and NOV Inc. [NOV] shares currently have an operating margin of -8.97 and a Gross Margin at +6.97. NOV Inc.’s Net Margin is presently recorded at -41.86.
Return on Total Capital for NOV is now -5.91, given the latest momentum, and Return on Invested Capital for the company is -28.09. Return on Equity for this stock declined to -39.14, with Return on Assets sitting at -21.54. When it comes to the capital structure of this company, NOV Inc. [NOV] has a Total Debt to Total Equity ratio set at 49.06. Additionally, NOV Total Debt to Total Capital is recorded at 32.91, with Total Debt to Total Assets ending up at 25.22. Long-Term Debt to Equity for the company is recorded at 46.95, with the Long-Term Debt to Total Capital now at 31.50.
Reflecting on the efficiency of the workforce at the company, NOV Inc. [NOV] managed to generate an average of -$91,998 per employee. Receivables Turnover for the company is 2.77 with a Total Asset Turnover recorded at a value of 0.51.NOV Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.70.
Earnings per share (EPS) analysis for NOV Inc. [NOV] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NOV. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for NOV Inc. go to 18.90%.
NOV Inc. [NOV]: Insider Ownership positions
There are presently around $4,944 million, or 95.10% of NOV stock, in the hands of institutional investors. The top three institutional holders of NOV stocks are: VANGUARD GROUP INC with ownership of 43,365,118, which is approximately -1.701% of the company’s market cap and around 0.10% of the total institutional ownership; PZENA INVESTMENT MANAGEMENT LLC, holding 41,092,801 shares of the stock with an approximate value of $554.34 million in NOV stocks shares; and FIRST EAGLE INVESTMENT MANAGEMENT, LLC, currently with $469.78 million in NOV stock with ownership of nearly 3.706% of the company’s market capitalization.
Positions in NOV Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 180 institutional holders increased their position in NOV Inc. [NYSE:NOV] by around 38,539,947 shares. Additionally, 192 investors decreased positions by around 30,436,374 shares, while 71 investors held positions by with 297,542,888 shares. The mentioned changes placed institutional holdings at 366,519,209 shares, according to the latest SEC report filing. NOV stock had 56 new institutional investments in for a total of 12,544,720 shares, while 63 institutional investors sold positions of 3,922,425 shares during the same period.