On Monday, NOV Inc (NYSE: NOV) was -2.34% down from the session before settling in for the closing price of $19.63. A 52-week range for NOV has been $14.05 – $21.91.
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During the last 5-year period, the sales growth of Energy Sector giant was 2.46%. When this article was written, the company’s average yearly earnings per share was at -35.69%. With a float of $390.43 million, this company’s outstanding shares have now reached $393.95 million.
Let’s determine the extent of company efficiency that accounts for 33676 employees.
NOV Inc (NOV) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward NOV Inc stocks. The insider ownership of NOV Inc is 0.91%, while institutional ownership is 97.63%. The most recent insider transaction that took place on Feb 22 ’24, was worth 60,988. In this transaction VP, Corp. Controller, CAO of this company sold 3,500 shares at a rate of $17.43, taking the stock ownership to the 114,212 shares.
NOV Inc (NOV) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of 3.30 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -35.69% per share during the next fiscal year.
NOV Inc (NYSE: NOV) Trading Performance Indicators
You can see what NOV Inc (NOV) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.51. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.88.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.50, a number that is poised to hit 0.27 in the next quarter and is forecasted to reach 1.85 in one year’s time.
Technical Analysis of NOV Inc (NOV)
Looking closely at NOV Inc (NYSE: NOV), its last 5-days average volume was 2.04 million, which is a drop from its year-to-date volume of 4.41 million. As of the previous 9 days, the stock’s Stochastic %D was 44.92%. Additionally, its Average True Range was 0.52.
During the past 100 days, NOV Inc’s (NOV) raw stochastic average was set at 53.76%, which indicates a significant increase from 10.80% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 21.46% in the past 14 days, which was lower than the 32.92% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.30, while its 200-day Moving Average is $19.38. However, in the short run, NOV Inc’s stock first resistance to watch stands at $19.61. Second resistance stands at $20.05. The third major resistance level sits at $20.27. If the price goes on to break the first support level at $18.95, it is likely to go to the next support level at $18.73. Should the price break the second support level, the third support level stands at $18.29.
NOV Inc (NYSE: NOV) Key Stats
There are 395,484K outstanding shares of the company, which has a market capitalization of 7.55 billion. As of now, sales total 8,583 M while income totals 993,000 K. Its latest quarter income was 2,343 M while its last quarter net income were 598,000 K.
