At the last check on Thursday, NOV Inc.’s (NYSE:NOV) stock was down -$0.54, moving down -3.45 percent to $15.09. The average number of shares traded per day over the past five days has been 3,556,080 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.09 fall in that time frame. In the last twenty days, the average volume was 5,000,100, while in the previous 50 days, it was 4,891,714.
Since last month, NOV stock retreated -16.26%. Shares of the company fell to $14.46 on 05/16/23, the lowest level in the past month. A 52-week high of $24.83 was reached on 01/27/23 after having rallying from a 52-week low of $13.98. Since the beginning of this year, NOV’s stock price has dropped by -27.76% or -$5.78, and marked a new high 12 times. However, the stock has declined by -39.23% since its 52-week high.
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NOV stock investors should be aware that NOV Inc. (NOV) stock had its last reported insider trading activity 86 days ago on Feb 28. MATTSON ERIC L, the Director of the company, disposed of 20,681 shares for $21.90 on Feb 28. It resulted in a $452,919 divestment by the insider. Novak Christy Lynn sold 9,607 shares at an average price of $21.86 on Feb 27. The insider now owns 84,600 shares following the transaction. On Nov 04, VP, Corp. Controller, CAO Novak Christy Lynn sold 4,575 shares at $23.17 apiece. The transaction was valued at $106,011.
Right now, NOV Inc. (NOV) has a P/E ratio of about 18.67. The stock’s beta is 1.90. Besides these, the trailing price-to-sales (P/S) ratio of 0.81, the price-to-book (PB) ratio of 1.17.
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.
In the three months ended March 30, NOV Inc.’s quick ratio stood at 1.50, while its current ratio was 2.30, 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 0.37, and the total debt-to-equity ratio was 0.38. On the profitability front, the trailing twelve-month gross margin is 20.00% percent. In the year ended March 30, EBITDA margin amounted to 7.69%, whereas operating margins totaled 5.40%. Based on annual data, NOV earned $1.33 billion in gross profit and brought in $7.24 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 2.60%. Return on equity (ROE) for the past 12 months was 6.60%.
In NOV Inc.’s quarter-end financial report for March 30, it reported total debt of $1.72 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. NOV’s revenue rose 21.1% to $2.07 billion during the quarter, while net income inched up to $1.96 billion. While analysts expected NOV Inc. to report $0.22 quarterly earnings, the actual figure was $0.32 per share, beating the consensus estimate by 45.50%. During the quarter, the company generated $203.0 million in EBITDA. The liabilities of NOV Inc. were 4.87 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 $393.73 million.
This quick technical analysis looks at NOV Inc.’s (NOV) price momentum. With a historical volatility rate of 34.16%, the RSI 9-day stood at 39.68% on 24 May.
With respect to its five-day moving average, the current NOV Inc. price is down by -0.56% percent or -$0.09. At present, NOV shares trade -8.79% below its 20-day simple moving average and -27.69% percent below its 100-day simple moving average. However, the stock is currently trading approximately -16.27% below its SMA50 and -14.08% below its SMA200.
Stochastic coefficient K was 58.79% and Stochastic coefficient D was 56.88%, while ATR was 0.54. Given the Stochastic reading of 39.57% for the 14-day period, the RSI (14) reading has been calculated as 37.80%. As of today, the MACD Oscillator reading stands at 0.25, while the 14-day reading stands at 0.16.
NOV Inc. (NOV) has been rated Overweight by analysts. According to 1 brokerage firm, NOV is a sell, and 8 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate NOV Inc. stock as buy, with 14 recommending it as overweight.
With a median target price of $25.00, the current consensus forecast for the stock is $17.00 – $30.00. Based on these forecasts, analysts predict NOV Inc. (NOV) will achieve an average price target of $24.48.