At the time of writing, NOV Inc [NOV] stock is trading at $16.54, up 0.06%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The NOV shares have gain 7.47% over the last week, with a monthly amount glided 2.22%, and 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 November 11, 2024, when Citigroup downgraded its rating to a Neutral and also revised its price target to $18 from $21. Previously, TD Cowen reaffirmed its Buy rating on October 28, 2024, and dropped its price target to $22. On September 25, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $16 on the stock. TD Cowen reiterated its Buy rating and increased its price target to $28 on July 29, 2024. TD Cowen reiterated its recommendation of a Buy and reduced its price target to $26 on April 29, 2024. TD Cowen reiterated a Outperform rating for this stock on February 05, 2024, and downed its price target to $30. In a note dated January 16, 2024, The Benchmark Company downgraded an Hold rating on this stock.
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 $16.54 at the most recent close of the market. An investor can expect a potential return of 24.97% 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 0.27.
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 16.40 points at the first support level, and at 16.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 16.67, and for the 2nd resistance point, it is at 16.79.
Ratios To Look Out For
It is important to note that NOV Inc [NYSE:NOV] has a current ratio of 2.57. As well, the Quick Ratio is 1.65, while the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 1.00 and price to earnings (TTM) ratio is 6.12.
Transactions by insiders
Recent insider trading involved Livingston Scott B., that happened on Nov 07 ’24 when 29410.0 shares were sold. President – Energy Equipment, Rovig Joseph W completed a deal on Nov 07 ’24 to sell 73256.0 shares. Meanwhile, VP, Corp. Controller, CAO Novak Christy Lynn sold 40953.0 shares on Nov 07 ’24.
