A share price of NOV Inc [NOV] is currently trading at $12.28, down -2.00%. An important factor to consider is whether the stock is rising or falling in short-term value. The NOV shares have gain 3.72% over the last week, with a monthly amount drifted -18.68%, and not 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 March 24, 2025, when RBC Capital Mkts upgraded its rating to a Outperform but kept the price target unchanged to $22 for it. Previously, Evercore ISI downgraded its rating to In-line on January 15, 2025, and dropped its price target to $18. On January 06, 2025, downgrade downgraded it’s rating to Neutral. Piper Sandler started tracking the stock assigning a Neutral rating and suggested a price target of $17 on December 19, 2024. Citigroup downgraded its rating to a Neutral and reduced its price target to $18 on November 11, 2024. TD Cowen reiterated a Buy rating for this stock on October 28, 2024, and downed its price target to $22. In a note dated September 25, 2024, Wells Fargo downgraded an Underweight rating on this stock and revised its target price from $20 to $16.
NOV Inc experienced fluctuations in its stock price throughout the past year between $10.84 and $21.20. Currently, Wall Street analysts expect the stock to reach $19 within the next 12 months. NOV Inc [NYSE: NOV] shares were valued at $12.28 at the most recent close of the market. An investor can expect a potential return of 54.72% based on the average NOV price forecast.
Analyzing the NOV fundamentals
Trailing Twelve Months sales for NOV Inc [NYSE:NOV] were 8.87B which represents -1.45% decline. 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 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.1 and Total Capital is 0.11. 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 12.14 points at the first support level, and at 11.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.42, and for the 2nd resistance point, it is at 12.55.
Ratios To Look Out For
To put it in perspective, the Current Ratio for NOV Inc [NYSE:NOV] is 2.46. On the other hand, the Quick Ratio is 1.64, and the Cash Ratio is 0.52. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 0.73 and price to earnings (TTM) ratio is 7.63.
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.
