At the last check on Friday, NOV Inc.’s (NYSE:NOV) stock was up $0.48, moving up 2.27 percent to $21.61. The average number of shares traded per day over the past five days has been 2,460,756 shares. 5 times new highs have been achieved over the past 5 days, with a $1.44 gain in that time frame. In the last twenty days, the average volume was 2,870,959, while in the previous 50 days, it was 3,927,256.
Since last month, NOV stock rose 6.56%. Shares of the company fell to $19.66 on 08/08/23, 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 $14.05. Since the beginning of this year, NOV’s stock price has risen by 3.45% or $0.67, and marked a new high 12 times. However, the stock has declined by -12.97% since its 52-week high.
NOV stock investors should be aware that NOV Inc. (NOV) stock had its last reported insider trading activity 185 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.
Valuation Metrics
Right now, NOV Inc. (NOV) has a P/E ratio of about 20.50. The stock’s beta is 1.92. Besides these, the trailing price-to-sales (P/S) ratio of 1.06, the price-to-book (PB) ratio of 1.56.
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 June 29, NOV Inc.’s quick ratio stood at 1.40, while its current ratio was 2.40, 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 June 29 was 0.36, and the total debt-to-equity ratio was 0.36. On the profitability front, the trailing twelve-month gross margin is 20.90% percent. In the year ended June 29, EBITDA margin amounted to 7.69%, whereas operating margins totaled 6.50%. 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 8.10%.
In NOV Inc.’s quarter-end financial report for June 29, it reported total debt of $1.72 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 17.49% to $1.96 billion during the quarter, while net income inched up to $2.09 billion. While analysts expected NOV Inc. to report $0.3 quarterly earnings, the actual figure was $0.39 per share. During the quarter, the company generated $252.0 million in EBITDA. The liabilities of NOV Inc. were 4.95 billion at the end of its most recent quarter ended June 29, and its total debt was $2.39 billion. The value of shareholders’ equity is $393.78 million.
Technical Picture
This quick technical analysis looks at NOV Inc.’s (NOV) price momentum. With a historical volatility rate of 20.17%, the RSI 9-day stood at 75.07% on 31 August.
With respect to its five-day moving average, the current NOV Inc. price is up by +7.14% percent or $1.44. At present, NOV shares trade +5.62% above its 20-day simple moving average and +16.53% percent above its 100-day simple moving average. However, the stock is currently trading approximately +39.98% above its SMA50 and -7.08% below its SMA200.
Stochastic coefficient K was 93.25% and Stochastic coefficient D was 90.99%, while ATR was 0.53. Given the Stochastic reading of 91.05% for the 14-day period, the RSI (14) reading has been calculated as 71.35%. As of today, the MACD Oscillator reading stands at 0.56, while the 14-day reading stands at 0.67.
Analyst Ratings
CapitalOne launched its rating on NOV Inc. (NYSE: NOV) to an Equal weight in a note to investors on July 14, 2023. NOV Inc. (NOV) has been rated Overweight by analysts. According to 1 brokerage firm, NOV is a sell, and 9 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 13 recommending it as overweight.
With a median target price of $24.00, the current consensus forecast for the stock is $18.00 – $30.00. Based on these forecasts, analysts predict NOV Inc. (NOV) will achieve an average price target of $24.57.
