NOV Inc (NYSE: NOV) is -16.03% lower on its value in year-to-date trading and has touched a low of $10.84 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 $11.88 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $12.26, the stock is 1.79% and -10.35% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.66 million and changing 3.20% at the moment leaves the stock -21.31% off its SMA200. NOV registered -33.69% loss for a year compared to 6-month loss of -20.13%. The firm has a 50-day simple moving average (SMA 50) of $13.676 and a 200-day simple moving average (SMA200) of $15.5806.
The stock witnessed a -19.87% gain in the last 1 month and extending the period to 3 months gives it a -15.16%, and is -0.57% 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 4.62% over the week and 6.27% over the month.
NOV Inc (NOV) has around 34010 employees, a market worth around $4.61B and $8.81B in sales. Current P/E ratio is 8.18 and Fwd P/E is 8.54. Profit margin for the company is 6.68%. Distance from 52-week low is 13.10% and -42.17% from its 52-week high. The company has generated returns on investments over the last 12 months (6.79%).
with sales reaching $2.17B over the same period.The EPS is expected to shrink by -0.71% this year, but quarterly earnings will post -2.56% year-over-year. Quarterly sales are estimated to shrink -2.28% in year-over-year returns.
NOV Inc (NOV) Top Institutional Holders
583.0 institutions hold shares in NOV Inc (NOV), with institutional investors hold 105.76% of the company’s shares. The shares outstanding are 378.08M, and float is at 372.01M with Short Float at 6.19%. Institutions hold 104.93% 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 10.0173% 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).
