NOV Inc [NOV] stock prices are up 2.86% to $16.90 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NOV shares have gain 5.62% over the last week, with a monthly amount drifted -3.48%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
NOV Inc [NYSE: NOV] stock has seen the most recent analyst activity on July 29, 2024, when TD Cowen reiterated its Buy rating and also boosted its price target to $28 from $27. Previously, TD Cowen reaffirmed its Buy rating on April 29, 2024, and dropped its price target to $26. On February 05, 2024, TD Cowen reiterated its Outperform rating and revised its price target to $30 on the stock. The Benchmark Company downgraded its rating to a Hold. JP Morgan upgraded its rating to a Overweight and raised its price target to $25 on December 08, 2023. Barclays downgraded its rating to Underweight for this stock on October 17, 2023, but kept the price target unchanged to $20. In a note dated July 14, 2023, CapitalOne initiated an Equal Weight rating and provided a target price of $20 on this stock.
The stock price of NOV Inc [NOV] has been fluctuating between $15.47 and $21.71 over the past year. Currently, Wall Street analysts expect the stock to reach $19.5 within the next 12 months. NOV Inc [NYSE: NOV] shares were valued at $16.90 at the most recent close of the market. An investor can expect a potential return of 15.38% based on the average NOV price forecast.
Analyzing the NOV fundamentals
The NOV Inc [NYSE:NOV] reported sales of 8.89B for trailing twelve months, representing a surge of 6.08%. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, Equity is 0.17 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.29.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 16.60 points at the first support level, and at 16.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.11, and for the 2nd resistance point, it is at 17.33.
Ratios To Look Out For
It’s worth pointing out that NOV Inc [NYSE:NOV]’s Current Ratio is 2.61. Also, the Quick Ratio is 1.64, while the Cash Ratio stands at 0.37. Considering the valuation of this stock, the price to sales ratio is 0.75, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 6.35.
Transactions by insiders
Recent insider trading involved Novak Christy Lynn, VP, Corp. Controller, CAO, that happened on Feb 22 ’24 when 3500.0 shares were sold.
