NOV Inc [NYSE: NOV] plunged by -$1.93 during the normal trading session on while it closed the day at $13.37.
NOV Inc stock has also loss -12.50% of its value over the past 7 days. However, NOV stock has declined by -8.42% in the 3 months of the year. Over the past six months meanwhile, it has lost -17.47% and lost -8.42% year-on date.
The market cap for NOV stock reached $5.09 billion, with 381.55 million shares outstanding and 377.04 million shares in the current float. Compared to the average trading volume of 4.51M shares, NOV reached a trading volume of 5855540 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 $18.76 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 2.36. 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 Outperform, with their previous recommendation back on March 24, 2025. While these analysts kept the previous recommendation, Evercore ISI dropped their target price from $25 to $18. The new note on the price target was released on January 15, 2025, representing the official price target for NOV Inc stock.
The Average True Range (ATR) for NOV Inc is set at 0.57, with the Price to Sales ratio for NOV stock in the period of the last 12 months amounting to 0.57. The Price to Book ratio for the last quarter was 0.80, with the Price to Cash per share for the same quarter was set at 3.23. Price to Free Cash Flow for NOV in the course of the last twelve months was 5.34 with Quick ratio for the last quarter at 1.64.
NOV stock trade performance evaluation
NOV Inc [NOV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.50. With this latest performance, NOV shares dropped by -6.24% in over the last four-week period, additionally sinking by -17.47% over the last 6 months – not to mention a drop of -33.22% 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 33.75, with the RSI for the last a single of trading hit 27.59, and the three-weeks RSI is set at 37.51 for NOV Inc [NOV]. The present Moving Average for the last 50 days of trading for this stock 14.95, while it was recorded at 14.86 for the last single week of trading, and 16.22 for the last 200 days.
NOV Inc [NOV]: An insightful look at the core fundamentals
NOV Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 2.46.
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 13.10%.
NOV Inc [NOV]: Institutional Ownership
There are presently around $105.44%, or 106.36%% 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 9.2862%.
