NOV Inc (NYSE: NOV) is -23.90% lower on its value in year-to-date trading and has touched a low of $11.24 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 $11.94 in the last trading session, with the day’s loss setting it -0.83%.
Currently trading at $11.11, the stock is -22.59% and -24.74% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.34 million and changing -6.95% at the moment leaves the stock -31.10% off its SMA200. NOV registered -45.83% loss for a year compared to 6-month loss of -33.03%. The firm has a 50-day simple moving average (SMA 50) of $14.7616 and a 200-day simple moving average (SMA200) of $16.1252.
The stock witnessed a -24.88% gain in the last 1 month and extending the period to 3 months gives it a -24.78%, and is -27.90% 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 9.27% over the week and 4.43% over the month.
NOV Inc (NOV) has around 34010 employees, a market worth around $4.23B and $8.87B in sales. Current P/E ratio is 6.91 and Fwd P/E is 6.89. Profit margin for the company is 7.16%. Distance from 52-week low is -1.16% and -47.59% from its 52-week high. The company has generated returns on investments over the last 12 months (7.36%).
with sales reaching $2.1B over the same period.The EPS is expected to grow by 11.22% this year, but quarterly earnings will post -0.81% year-over-year. Quarterly sales are estimated to shrink -2.32% in year-over-year returns.
NOV Inc (NOV) Top Institutional Holders
579.0 institutions hold shares in NOV Inc (NOV), with institutional investors hold 106.36% of the company’s shares. The shares outstanding are 381.55M, and float is at 377.04M with Short Float at 6.58%. Institutions hold 105.44% 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 9.7956 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).
