NOV Inc (NYSE:NOV) shares, rose in value on Thursday, December 12, with the stock price down by -1.89% to the previous day’s close as strong demand from buyers drove the stock to $15.09.
Actively observing the price movement in the last trading, the stock closed the session at $15.38, falling within a range of $15.04 and $15.36. The value of beta (5-year monthly) was 1.674 whereas the PE ratio was 5.58 over 12-month period. Referring to stock’s 52-week performance, its high was $21.23, and the low was $14.94. On the whole, NOV has fluctuated by -8.77% over the past month.
With the market capitalization of NOV Inc currently standing at about $5.87 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.28, with its dividend yield at 1.82%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.84B, with a low estimate of 2.2B and a high estimate of 2.38B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.27B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOV’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 1.39, with the price of NOV currently trading nearly -4.88% and -4.95% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 38.33, while the 7-day volatility ratio is showing 2.79% which for the 30-day chart, stands at 2.74%. Furthermore, NOV Inc (NOV)’s beta value is 1.66, and its average true range (ATR) is 0.46.
A comparison of NOV Inc (NOV) with its peers suggests the former has fared considerably weaker in the market. NOV showed an intraday change of -1.89% in last session, and over the past year, it shrunk by -18.61%%.
Data on historical trading for NOV Inc (NYSE:NOV) indicates that the trading volumes over the past 10 days have averaged 3.71 and over the past 3 months, they’ve averaged 3.91 million. According to company’s latest data on outstanding shares, there are 389.08 million shares outstanding.
Nearly 0.68% of NOV Inc’s shares belong to company insiders and institutional investors own 97.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.77 million shares as on 2024-11-29, resulting in a short ratio of 4.14. According to the data, the short interest in NOV Inc (NOV) stood at 356.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 13.09 million. The stock has fallen by -25.59% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOV stock heading into the next quarter.
