NOV Inc (NYSE: NOV) on Friday, soared 0.06% from the previous trading day, before settling in for the closing price of $17.93. Within the past 52 weeks, NOV’s price has moved between $16.77 and $21.91.
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Energy Sector giant saw their annual sales surged by 2.46% over the last five years. The company achieved an average annual earnings per share of -34.20%. With a float of $390.70 million, this company’s outstanding shares have now reached $393.95 million.
The firm has a total of 33676 workers. Let’s measure their productivity. In terms of profitability, gross margin is 24.04%, operating margin of 10.62%, and the pretax margin is 8.42%.
NOV Inc (NOV) Insider Activity
Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of NOV Inc is 0.69%, while institutional ownership is 98.27%. 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
As on 6/30/2024, Multinational firm has announced its last quarter scores, in which it reported 0.29 earnings per share (EPS) for the period falling under the consensus outlook (set at 0.34) by -0.05. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -34.20% per share during the next fiscal year.
NOV Inc (NYSE: NOV) Trading Performance Indicators
NOV Inc (NOV) is currently performing well based on its current performance indicators. A quick ratio of 1.64 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.79. Likewise, its price to free cash flow for the trailing twelve months is 15.03.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.66, a number that is poised to hit 0.37 in the next quarter and is forecasted to reach 1.81 in one year’s time.
Technical Analysis of NOV Inc (NOV)
Analysing the last 5-days average volume posted by the [NOV Inc, NOV], we can find that recorded value of 2.38 million was lower than the volume posted last year of 3.73 million. As of the previous 9 days, the stock’s Stochastic%D was 45.41%. Additionally, its Average True Range was 0.60.
During the past 100 days, NOV Inc’s (NOV) raw stochastic average was set at 19.50%, which indicates a significant increase from 13.30% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 45.38% in the past 14 days, which was higher than the 32.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $18.43, while its 200-day Moving Average is $18.83. Now, the first resistance to watch is $18.06. This is followed by the second major resistance level at $18.17. The third major resistance level sits at $18.30. If the price goes on to break the first support level at $17.81, it is likely to go to the next support level at $17.68. Should the price break the second support level, the third support level stands at $17.56.
NOV Inc (NYSE: NOV) Key Stats
Market capitalization of the company is 7.06 billion based on 395,536K outstanding shares. Right now, sales total 8,583 M and income totals 993,000 K. The company made 2,216 M in profit during its latest quarter, and 226,000 K in sales during its previous quarter.
