NOV Inc (NYSE: NOV) is -3.01% lower on its value in year-to-date trading and has touched a low of $13.94 and a high of $21.20 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 $14.21 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $14.16, the stock is -7.58% and -5.15% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.09 million and changing -0.35% at the moment leaves the stock -14.68% off its SMA200. NOV registered -16.21% loss for a year compared to 6-month loss of -21.11%.
The stock witnessed a -2.01% gain in the last 1 month and extending the period to 3 months gives it a -11.44%, and is -5.41% 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 3.64% over the week and 3.63% over the month.
NOV Inc (NOV) has around 34010 employees, a market worth around $5.39B and $8.87B in sales. Current P/E ratio is 8.80 and Fwd P/E is 8.58. Profit margin for the company is 7.16%. Distance from 52-week low is 1.54% and -33.21% from its 52-week high. The company has generated returns on investments over the last 12 months (7.36%).
with sales reaching $2.11B over the same period.The EPS is expected to grow by 11.15% this year, but quarterly earnings will post -0.64% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.
NOV Inc (NOV) Top Institutional Holders
The shares outstanding are 381.55M, and float is at 377.31M with Short Float at 5.29%.
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 9.2862% and valued at over $697.3 million, while PZENA INVESTMENT MANAGEMENT LLC holds 8.9053 of the shares totaling 35.18 million with a market value of $668.69 million.
NOV Inc (NOV) Insider Activity
A total of 0 insider transactions have happened at NOV Inc (NOV) in the last six months, with sales accounting for 0 and purchases happening 0 times. The most recent transaction is an insider sale by HARRISON DAVID D,the company’sDirector. 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).
NOV Inc (NOV): Who are the competitors?
The company’s main competitors (and peers) include Schlumberger Ltd. (SLB) that is trading -21.30% down over the past 12 months. Baker Hughes Co. (BKR) that is 40.25% higher over the same period.
