NOV Inc (NYSE: NOV) is -2.40% lower on its value in year-to-date trading and has touched a low of $13.77 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 $14.79 in the last trading session, with the day’s loss setting it -0.54%.
Currently trading at $14.25, the stock is -5.32% and -4.73% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 5.93 million and changing -3.65% at the moment leaves the stock -13.56% off its SMA200. NOV registered -19.35% loss for a year compared to 6-month loss of -12.42%.
The stock witnessed a -8.77% gain in the last 1 month and extending the period to 3 months gives it a -8.89%, and is 0.64% 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 3.93% over the week and 3.20% over the month.
NOV Inc (NOV) has around 34010 employees, a market worth around $5.43B and $8.87B in sales. Current P/E ratio is 8.86 and Fwd P/E is 8.66. Profit margin for the company is 7.16%. Distance from 52-week low is 3.45% and -32.78% 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 11.58% this year, but quarterly earnings will post -0.66% year-over-year. Quarterly sales are estimated to shrink -2.25% 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
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).
