NOV Inc [NOV] stock is trading at $15.12, down -0.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOV shares have gain 3.42% over the last week, with a monthly amount glided 1.00%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
NOV Inc [NYSE: NOV] stock has seen the most recent analyst activity on January 15, 2025, when Evercore ISI downgraded its rating to a In-line and also revised its price target to $18 from $25. Previously, Seaport Research Partners downgraded its rating to Neutral on January 06, 2025. On December 19, 2024, Piper Sandler initiated with a Neutral rating and assigned a price target of $17 on the stock. Citigroup downgraded its rating to a Neutral and decreased its price target to $18 on November 11, 2024. TD Cowen reiterated its recommendation of a Buy and reduced its price target to $22 on October 28, 2024. Wells Fargo downgraded its rating to Underweight for this stock on September 25, 2024, and downed its price target to $16. In a note dated July 29, 2024, TD Cowen reiterated an Buy rating on this stock and boosted its target price from $27 to $28.
NOV Inc [NOV] stock has fluctuated between $13.94 and $21.23 over the past year. Currently, Wall Street analysts expect the stock to reach $20 within the next 12 months. NOV Inc [NYSE: NOV] shares were valued at $15.12 at the most recent close of the market. An investor can expect a potential return of 32.28% based on the average NOV price forecast.
Analyzing the NOV fundamentals
NOV Inc [NYSE:NOV] reported sales of 8.90B for the trailing twelve months, which represents a growth of 0.32%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.37.
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 14.96 points at the first support level, and at 14.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 15.25, and for the 2nd resistance point, it is at 15.38.
Ratios To Look Out For
For context, NOV Inc’s Current Ratio is 2.57. On the other hand, the Quick Ratio is 1.65, and the Cash Ratio is 0.43. Considering the valuation of this stock, the price to sales ratio is 0.66, the price to book ratio is 0.91 and price to earnings (TTM) ratio is 5.59.
Transactions by insiders
Recent insider trading involved HARRISON DAVID D, Director, that happened on Nov 20 ’24 when 1784.0 shares were sold., Livingston Scott B. completed a deal on Nov 07 ’24 to sell 29410.0 shares. Meanwhile, President – Energy Equipment Rovig Joseph W sold 73256.0 shares on Nov 07 ’24.
