NOV Inc (NYSE: NOV) is -20.22% 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 $16.26 in the last trading session, with the day’s loss setting it -0.08%.
Currently trading at $16.18, the stock is -0.26% and 1.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.39 million and changing -0.49% at the moment leaves the stock -8.59% off its SMA200. NOV registered -15.38% loss for a year compared to 6-month loss of -6.37%. The firm has a 50-day simple moving average (SMA 50) of $16.004 and a 200-day simple moving average (SMA200) of $17.70635.
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The stock witnessed a 6.66% gain in the last 1 month and extending the period to 3 months gives it a -3.98%, and is -0.43% down 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 2.53% over the week and 2.65% over the month.
NOV Inc (NOV) has around 33676 employees, a market worth around $6.30B and $8.90B in sales. Current P/E ratio is 5.98 and Fwd P/E is 10.29. Profit margin for the company is 12.06%. Distance from 52-week low is 7.97% and -23.79% from its 52-week high. The company has generated returns on investments over the last 12 months (12.28%).
with sales reaching $2.27B over the same period.The EPS is expected to shrink by -37.21% this year, but quarterly earnings will post 2.94% year-over-year. Quarterly sales are estimated to shrink -3.23% in year-over-year returns.
NOV Inc (NOV) Top Institutional Holders
582.0 institutions hold shares in NOV Inc (NOV), with institutional investors hold 100.00% of the company’s shares. The shares outstanding are 389.08M, and float is at 386.42M with Short Float at 3.92%. Institutions hold 99.36% 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 HARRISON DAVID D, the company’s Director. SEC filings show that HARRISON DAVID D sold 1,784 shares of the company’s common stock on Nov 20 ’24 at a price of $16.10 per share for a total of $28722.0. Following the sale, the insider now owns 0.11 million shares.
NOV Inc disclosed in a document filed with the SEC on Nov 07 ’24 that Livingston Scott B.sold a total of 29,410 shares of the company’s common stock. The trade occurred on Nov 07 ’24 and was made at $16.49 per share for $0.49 million. Following the transaction, the insider now directly holds 61752.0 shares of the NOV stock.
Still, SEC filings show that on Nov 07 ’24, Rovig Joseph W (President – Energy Equipment) disposed off 73,256 shares at an average price of $16.40 for $1.2 million. The insider now directly holds 191,567 shares of NOV Inc (NOV).
