NOV Inc. (NYSE: NOV) kicked off on May 19, 2023, at the price of $15.38, down -0.53% from the previous trading day. During the day, the shares moved up to $15.4428 and dropped to $14.975 before settling in for the closing price of $15.19. Over the past 52 weeks, NOV has traded in a range of $13.98-$24.83.
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A company in the Energy sector has dropped its sales by -0.20% annually for the last half of the decade. While this was happening, its average annual earnings per share was recorded 160.70%. With a float of $390.23 million, this company’s outstanding shares have now reached $392.00 million.
In an organization with 32307 employees, it is important to assess its efficiency. In terms of profitability, gross margin is +18.32, operating margin of +3.53, and the pretax margin is +3.29.
NOV Inc. (NOV) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Oil & Gas Equipment & Services Industry. The insider ownership of NOV Inc. is 0.10%, while institutional ownership is 97.10%. The most recent insider transaction that took place on Feb 28, was worth 452,919. In this transaction Director of this company sold 20,681 shares at a rate of $21.90, taking the stock ownership to the 46,600 shares. Before that another transaction happened on Feb 27, when Company’s VP, Corp. Controller, CAO sold 9,607 for $21.86, making the entire transaction worth $210,019. This insider now owns 84,600 shares in total.
NOV Inc. (NOV) Latest Financial update
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.32 earnings per share (EPS), higher than consensus estimate (set at $0.22) by $0.1. This company achieved a net margin of +2.14 while generating a return on equity of 3.07. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.34 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 160.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 36.00% during the next five years compared to 18.20% growth over the previous five years of trading.
NOV Inc. (NYSE: NOV) Trading Performance Indicators
Take a look at NOV Inc.’s (NOV) current performance indicators. Last quarter, stock had a quick ratio of 1.50. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.84, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.68 in one year’s time.
Technical Analysis of NOV Inc. (NOV)
Let’s dig in a bit further. During the last 5-days, its volume was 4.27 million. That was inferior than the volume of 4.35 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 39.26%. Additionally, its Average True Range was 0.62.
During the past 100 days, NOV Inc.’s (NOV) raw stochastic average was set at 6.27%, which indicates a significant decrease from 31.86% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 40.78% in the past 14 days, which was lower than the 42.72% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $17.40, while its 200-day Moving Average is $19.75. However, in the short run, NOV Inc.’s stock first resistance to watch stands at $15.38. Second resistance stands at $15.64. The third major resistance level sits at $15.84. If the price goes on to break the first support level at $14.91, it is likely to go to the next support level at $14.71. The third support level lies at $14.44 if the price breaches the second support level.
NOV Inc. (NYSE: NOV) Key Stats
The company with the Market Capitalisation of 5.98 billion has total of 393,725K Shares Outstanding. Its annual sales at the moment are 7,237 M in contrast with the sum of 155,000 K annual income. Company’s last quarter sales were recorded 1,962 M and last quarter income was 126,000 K.
