NOV Inc (NYSE: NOV) is -24.02% lower on its value in year-to-date trading and has touched a low of $10.65 and a high of $20.83 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 $13.77 in the last trading session, with the day’s loss setting it -9.29%.
Currently trading at $4.48M, the stock is 6.17% and 9.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.52 million and changing 6521653% at the moment leaves the stock -6.11% off its SMA200. NOV registered -5.75% loss for a year compared to 6-month loss of -7.15%. The firm has a 50-day simple moving average (SMA 50) of $12.4906 and a 200-day simple moving average (SMA200) of $14.63995.
The stock witnessed a 9.74% gain in the last 1 month and extending the period to 3 months gives it a -8.87%, and is 1.05% 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 1.13% over the week and 1.64% over the month.
NOV Inc (NOV) has around 34010 employees, a market worth around $5.08B and $8.81B in sales. Current P/E ratio is 9.02 and Fwd P/E is 10.14. Profit margin for the company is 6.68%. Distance from 52-week low is 26.94% and -35.09% from its 52-week high. The company has generated returns on investments over the last 12 months (6.79%).
The EPS is expected to shrink by -6.61% this year.
NOV Inc (NOV) Top Institutional Holders
591.0 institutions hold shares in NOV Inc (NOV), with institutional investors hold 104.44% of the company’s shares. The shares outstanding are 378.08M, and float is at 371.88M with Short Float at 7.55%. Institutions hold 103.60% 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).
