How much can investors make with NOV Inc (NOV) stock in the next 12 months?

At the time of writing, NOV Inc [NOV] stock is trading at $15.51, saw in change for the day. 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 1.64% over the last week, with a monthly amount drifted -3.78%, 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 October 28, 2024, when TD Cowen reiterated its Buy rating and also revised its price target to $22 from $28. Previously, Wells Fargo downgraded its rating to Underweight on September 25, 2024, and dropped its price target to $16. On July 29, 2024, TD Cowen reiterated its Buy rating and revised its price target to $28 on the stock. TD Cowen reiterated its Buy rating and decreased its price target to $26 on April 29, 2024. TD Cowen reiterated its recommendation of a Outperform and reduced its price target to $30 on February 05, 2024. The Benchmark Company downgraded its rating to Hold for this stock on January 16, 2024. In a note dated December 08, 2023, JP Morgan upgraded an Overweight rating on this stock and boosted its target price from $22 to $25.

For the past year, the stock price of NOV Inc fluctuated between $14.98 and $21.23. Currently, Wall Street analysts expect the stock to reach $20.67 within the next 12 months. NOV Inc [NYSE: NOV] shares were valued at $15.51 at the most recent close of the market. An investor can expect a potential return of 33.27% based on the average NOV price forecast.

Analyzing the NOV fundamentals

According to NOV Inc [NYSE:NOV], the company’s sales were 8.90B for trailing twelve months, which represents an 0.32% jump. Gross Profit Margin for this corporation currently stands at 0.24% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.09%, 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.37.

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 15.40 points at the first support level, and at 15.28 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.65, and for the 2nd resistance point, it is at 15.78.

Ratios To Look Out For

It is important to note that NOV Inc [NYSE:NOV] has a current ratio of 2.57. Also, the Quick Ratio is 1.65, while the Cash Ratio stands at 0.43. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 0.93 and price to earnings (TTM) ratio is 5.74.