NOV Inc (NOV) Moves -1.85% Lower: These Numbers are Too Good to be True

Zack King

Witnessing the stock’s movement on the chart, on Wednesday, NOV Inc (NYSE: NOV) had a quiet start as it plunged -1.85% to $15.4, before settling in for the price of $15.69 at the close. Taking a more long-term approach, NOV posted a 52-week range of $10.65-$16.55.

Nevertheless, stock’s Earnings Per Share (EPS) this year is -20.68%. This publicly-traded company’s shares outstanding now amounts to $366.51 million, simultaneously with a float of $361.77 million. The organization now has a market capitalization sitting at $5.62 billion. At the time of writing, stock’s 50-day Moving Average stood at $13.65, while the 200-day Moving Average is $13.43.

NOV Inc (NOV) Ownership Facts and Figures

Nothing is more important than checking the behaviour of major investors towards the stock of the Oil & Gas Equipment & Services industry. NOV Inc’s current insider ownership accounts for 0.82%, in contrast to 104.94% institutional ownership. According to the most recent insider trade that took place on Nov 20 ’24, this organization’s Director sold 1,784 shares at the rate of 16.10, making the entire transaction reach 28,722 in total value, affecting insider ownership by 110,951.

NOV Inc (NOV) Earnings and Revenue Records

Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.22 per share during the current fiscal year.

NOV Inc’s EPS decrease for this current 12-month fiscal period is -20.68% and is forecasted to reach 1.11 in the upcoming year.

NOV Inc (NYSE: NOV) Trading Performance Indicators

Let’s observe the current performance indicators for NOV Inc (NOV). It’s Quick Ratio in the last reported quarter now stands at 1.71. Alongside those numbers, its PE Ratio stands at $15.38, and its Beta score is 0.98. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.64. Similarly, its price to free cash flow for trailing twelve months is now 6.41.

In the same vein, NOV’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 1.00, a figure that is expected to reach 0.26 in the next quarter, and analysts are predicting that it will be 1.11 at the market close of one year from today.

Technical Analysis of NOV Inc (NOV)

Going through the that latest performance of [NOV Inc, NOV]. Its last 5-days volume of 5.24 million indicated improvement to the volume of 4.23 million it revealed a year ago. During the previous 9 days, stock’s Stochastic %D was recorded 78.69% While, its Average True Range was 63.61.

Raw Stochastic average of NOV Inc (NOV) in the period of the previous 100 days is set at 85.80%, which indicates a major rise in contrast to 72.22% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 0.46 that was higher than 0.42 volatility it exhibited in the past 100-days period.

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