NOV Inc (NYSE: NOV) is -18.44% lower on its value in year-to-date trading and has touched a low of $14.98 and a high of $21.23 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NOV stock was last observed hovering at around $16.53 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $16.54, the stock is 5.25% and 3.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.66 million and changing 0.06% at the moment leaves the stock -7.17% off its SMA200. NOV registered -14.30% loss for a year compared to 6-month loss of -12.49%. The firm has a 50-day simple moving average (SMA 50) of $16.0468 and a 200-day simple moving average (SMA200) of $17.8184.
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The stock witnessed a 2.22% gain in the last 1 month and extending the period to 3 months gives it a -5.86%, and is 7.47% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.93% over the week and 2.55% over the month.
NOV Inc (NOV) has around 33676 employees, a market worth around $6.44B and $8.90B in sales. Current P/E ratio is 6.12 and Fwd P/E is 10.54. Profit margin for the company is 12.06%. Distance from 52-week low is 10.38% and -22.09% from its 52-week high. The company has generated returns on investments over the last 12 months (12.28%).
with sales reaching $2.26B over the same period.The EPS is expected to shrink by -37.27% this year, but quarterly earnings will post 2.90% year-over-year. Quarterly sales are estimated to shrink -3.50% in year-over-year returns.
NOV Inc (NOV) Top Institutional Holders
544.0 institutions hold shares in NOV Inc (NOV), with institutional investors hold 103.52% of the company’s shares. The shares outstanding are 393.95M, and float is at 386.41M with Short Float at 3.39%. Institutions hold 102.87% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 39.57 million shares valued at $752.19 million. The investor’s holdings represent 10.0427% of the NOV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 38.69 million shares valued at $735.54 million to account for 9.8204 of the shares outstanding. The other top investors are FIRST EAGLE INVESTMENT MANAGEMENT, LLC which holds 36.68 million shares representing 9.3098% and valued at over $697.3 million, while PZENA INVESTMENT MANAGEMENT LLC holds 8.9279 of the shares totaling 35.18 million with a market value of $668.69 million.
NOV Inc (NOV) Insider Activity
The most recent transaction is an insider sale by Livingston Scott B. SEC filings show that Livingston Scott B. sold 29,410 shares of the company’s common stock on Nov 07 ’24 at a price of $16.49 per share for a total of $0.49 million. Following the sale, the insider now owns 61752.0 shares.
NOV Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Rovig Joseph W (President – Energy Equipment) sold a total of 73,256 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $16.40 per share for $1.2 million. Following the transaction, the insider now directly holds 0.19 million shares of the NOV stock.
Still, SEC filings show that on Nov 07 ’24, Novak Christy Lynn (VP, Corp. Controller, CAO) disposed off 40,953 shares at an average price of $16.44 for $0.67 million. The insider now directly holds 70,131 shares of NOV Inc (NOV).
