Would It Be A Good Move Today To Sell NOV Inc. (NOV) Stock?

As of Wednesday close, NOV Inc.’s (NYSE:NOV) stock was down -$0.65, moving down -3.80 percent to $16.46. The average number of shares traded per day over the past five days has been 5,279,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.64 fall in that time frame. In the last twenty days, the average volume was 3,697,995, while in the previous 50 days, it was 3,779,712.

Since last month, NOV stock retreated -8.71%. Shares of the company fell to $16.12 on 06/22/22, the lowest level in the past month. A 52-week high of $24.06 was reached on 03/08/22 after having rallying from a 52-week low of $11.46. Since the beginning of this year, NOV’s stock price has risen by 21.48% or $2.91, and marked a new high 17 times. However, the stock has declined by -31.59% since its 52-week high.


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NOV Inc. (NOV) last reported insider trading activity 29 days ago on May 25. MATTSON ERIC L, the Director of the company, disposed of 9,819 shares for $19.15 on May 25. It resulted in a $188,034 divestment by the insider. MATTSON ERIC L sold 8,157 shares at an average price of $14.53 on Oct 28. The insider now owns 68,627 shares following the transaction.

Valuation Metrics

The stock’s beta is 1.82. Besides these, the trailing price-to-sales (P/S) ratio of 1.16, the price-to-book (PB) ratio of 1.29.

The latest dividend of $0.05 per share was paid out, remained unchanged from last year’s $0.05. On Thursday May 19 2016, a $0.41 dividend decrease was announced.

Financial Health

In the three months ended March 30, NOV Inc.’s quick ratio stood at 1.80, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 0.39, and the total debt-to-equity ratio was 0.40. On the profitability front, the trailing twelve-month gross margin is 14.30% percent. In the year ended March 30, operating margins totaled -1.20%. Based on annual data, NOV earned $774.0 million in gross profit and brought in $5.52 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -2.10%. Return on equity (ROE) for the past 12 months was -3.70%.

In NOV Inc.’s quarter-end financial report for March 30, it reported total debt of $1.71 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NOV’s revenue rose 19.32% to $1.52 billion during the quarter, while net income inched up to $1.55 billion. While analysts expected NOV Inc. to report -$0.05 quarterly earnings, the actual figure was -$0.01 per share. During the quarter, the company generated $53.0 million in EBITDA. The liabilities of NOV Inc. were 4.54 billion at the end of its most recent quarter ended March 30, and its total debt was $2.38 billion. The value of shareholders’ equity is $392.8 million.

Technical Picture

This quick technical analysis looks at NOV Inc.’s (NOV) price momentum. With a historical volatility rate of 43.82%, the RSI 9-day stood at 27.90% on 22 June.

With respect to its five-day moving average, the current NOV Inc. price is down by -9.06% percent or -$1.64. At present, NOV shares trade -12.49% below its 20-day simple moving average and -0.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -19.19% below its SMA50 and +27.10% above its SMA200.

Stochastic coefficient K was 7.23% and Stochastic coefficient D was 5.64%, while ATR was 0.93. Given the Stochastic reading of 5.91% for the 14-day period, the RSI (14) reading has been calculated as 33.55%. As of today, the MACD Oscillator reading stands at -1.33, while the 14-day reading stands at -2.40.

Analyst Ratings

Griffin Securities upgraded its rating on NOV Inc. (NYSE: NOV) to a Buy in a note to investors on May 02, 2022. The analysts firm previously had a Neutral rating on the stock.NOV Inc. (NOV) has been rated Overweight by analysts. According to 2 brokerage firms, NOV is a sell, and 7 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 3 analysts rate NOV Inc. stock as buy, with 9 recommending it as overweight.

With a median target price of $22.00, the current consensus forecast for the stock is $16.00 – $28.00. Based on these forecasts, analysts predict NOV Inc. (NOV) will achieve an average price target of $22.15.

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