NOV Inc [NYSE: NOV] stock went on a downward path that fall over -0.62% on Wednesday, amounting to a one-week price decrease of less than -5.22%.
Over the last 12 months, NOV stock dropped by -11.32%. The one-year NOV Inc stock forecast points to a potential upside of 19.75. The average equity rating for NOV stock is currently 2.46, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $4.78 billion, with 378.08 million shares outstanding and 371.88 million shares in the current float. Compared to the average trading volume of 4.04M shares, NOV stock reached a trading volume of 3437619 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $15.85 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 2.46. 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 Price to Book ratio for the last quarter was 0.75, with the Price to Cash per share for the same quarter was set at 3.08. Price to Free Cash Flow for NOV in the course of the last twelve months was 4.15 with Quick ratio for the last quarter at 1.76.
NOV Stock Performance Analysis:
NOV Inc [NOV] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.22. With this latest performance, NOV shares dropped by -6.88% in over the last four-week period, additionally sinking by -12.76% over the last 6 months – not to mention a drop of -11.32% 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 45.24, with the RSI for the last a single of trading hit 0.45, and the three-weeks RSI is set at 0.44 for NOV Inc [NOV]. The present Moving Average for the last 50 days of trading for this stock 12.82, while it was recorded at 13.24 for the last single week of trading, and 14.36 for the last 200 days.
Insight into NOV Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and NOV Inc [NOV] shares currently have an operating margin of 11.44% and a Gross Margin at 24.19%. NOV Inc’s Net Margin is presently recorded at 6.68%.
Return on Equity for this stock inclined to 5.22%, with Return on Assets sitting at 5.22%. When it comes to the capital structure of this company, NOV Inc [NOV] has a Total Debt to Total Equity ratio set at 0.37.
Reflecting on the efficiency of the workforce at the company, NOV Inc [NOV] managed to generate an average of $17318.44 per employee.NOV Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.76 and a Current Ratio set at 2.65.
NOV Stock EPS
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 5.61%.
NOV Inc [NOV] Institutonal Ownership Details
There are presently around $103.58%, or 104.42% 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 10.0173%. 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%.
