Let’s look at the key reasons that are pushing NOV Inc (NOV) to new highs

NOV Inc (NYSE: NOV) on Monday, plunged -2.08% from the previous trading day, before settling in for the closing price of $13.0. Within the past 52 weeks, NOV’s price has moved between $10.65 and $20.83.

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The company achieved an average annual earnings per share of -6.75%. With a float of $371.88 million, this company’s outstanding shares have now reached $378.08 million.

The firm has a total of 34010 workers. Let’s measure their productivity. In terms of profitability, gross margin is 24.16%, operating margin of 11.31%, and the pretax margin is 8.92%.

NOV Inc (NOV) Breakdown of a Key Holders of the stock

Observing investor behavior towards Oil & Gas Equipment & Services industry stocks is more important than anything else. The insider ownership of NOV Inc is 1.03%, while institutional ownership is 100.66%. The most recent insider transaction that took place on Nov 20 ’24, was worth 28,722. In this transaction Director of this company sold 1,784 shares at a rate of $16.10, taking the stock ownership to the 110,951 shares. Before that another transaction happened on Nov 07 ’24, when Company’s insider sold 29,410 for $16.49, making the entire transaction worth $485,085. This insider now owns 61,752 shares in total.

NOV Inc (NOV) Recent Fiscal highlights

According to the Wall Street analysts, stocks earnings will be around -6.75% 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 1.76 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 0.54. Likewise, its price to free cash flow for the trailing twelve months is 4.16.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.50, a number that is poised to hit 0.30 in the next quarter and is forecasted to reach 1.33 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 5.32 million was better than the volume posted last year of 4.4 million. As of the previous 9 days, the stock’s Stochastic %D was 7.72%.

During the past 100 days, NOV Inc’s (NOV) raw stochastic average was set at 32.50%, which indicates a significant increase from 4.99% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 26.90% in the past 14 days, which was lower than the 54.51% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $12.58, while its 200-day Moving Average is $14.55. Now, the first resistance to watch is $12.98. This is followed by the second major resistance level at $13.23. The third major resistance level sits at $13.39. If the price goes on to break the first support level at $12.57, it is likely to go to the next support level at $12.41. Now, if the price goes above the second support level, the third support stands at $12.16.

NOV Inc (NYSE: NOV) Key Stats

Market capitalization of the company is 4.78 billion based on 375,738K outstanding shares. Right now, sales total 8,870 M and income totals 635,000 K. The company made 2,103 M in profit during its latest quarter, and 73,000 K in sales during its previous quarter.

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