NOV Inc [NYSE: NOV] traded at a low on Wednesday, posting a -0.45 loss after which it closed the day’ session at $17.81.
The results of the trading session contributed to over 2646184 shares changing hands. Over the past one week, the price volatility of NOV Inc stands at 2.06% while the volatility over the past one month is 2.68%.
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The market cap for NOV stock reached $7.01 billion, with 393.95 million shares outstanding and 391.00 million shares in the current float. Compared to the average trading volume of 3.05M shares, NOV reached a trading volume of 2646184 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus 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 $23.59 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 2.00. 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.
TD Cowen have made an estimate for NOV Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 29, 2024. While these analysts kept the previous recommendation, TD Cowen dropped their target price from $27 to $26. The new note on the price target was released on April 29, 2024, representing the official price target for NOV Inc stock. Previously, the target price had yet another drop from $31 to $30, while TD Cowen kept a Outperform rating on NOV stock.
The Average True Range (ATR) for NOV Inc is set at 0.51, with the Price to Sales ratio for NOV stock in the period of the last 12 months amounting to 0.79. The Price to Book ratio for the last quarter was 1.10, with the Price to Cash per share for the same quarter was set at 2.10. Price to Free Cash Flow for NOV in the course of the last twelve months was 14.92 with Quick ratio for the last quarter at 1.64.
How has NOV stock performed recently?
NOV Inc [NOV] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.54. With this latest performance, NOV shares dropped by -12.95% in over the last four-week period, additionally plugging by 5.26% over the last 6 months – not to mention a drop of -13.88% 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 45.64, with the RSI for the last a single of trading hit 45.75, and the three-weeks RSI is set at 46.17 for NOV Inc [NOV]. The present Moving Average for the last 50 days of trading for this stock 18.44, while it was recorded at 17.83 for the last single week of trading, and 18.75 for the last 200 days.
NOV Inc [NOV]: Deeper insight into the fundamentals
NOV Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 2.61.
Earnings analysis for NOV Inc [NOV]
With the latest financial reports released by the company, NOV Inc posted 0.29/share EPS, while the average EPS was predicted by analysts to be reported at 0.34/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.05. 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 32.30%.
Insider trade positions for NOV Inc [NOV]
There are presently around $96.90%, or 97.55%% of NOV stock, in the hands of institutional investors. The top three institutional holders of NOV stocks are: VANGUARD GROUP INC with ownership of 39.57 million shares, which is approximately 10.0427%. BLACKROCK INC., holding 38.69 million shares of the stock with an approximate value of $$735.54 million in NOV stocks shares; and BLACKROCK INC., currently with $$697.3 million in NOV stock with ownership which is approximately 9.3098%.
