NOV Inc (NYSE:NOV) shares, rose in value on Wednesday, May 07, with the stock price down by -0.50% to the previous day’s close as strong demand from buyers drove the stock to $11.83.
Actively observing the price movement in the last trading, the stock closed the session at $11.89. The PE ratio was 7.89 over 12-month period. Referring to stock’s 52-week performance, its high was $21.20, and the low was $10.84. On the whole, NOV has fluctuated by -0.92% over the past month.
With the market capitalization of NOV Inc currently standing at about $4.44 billion, investors are eagerly awaiting this quarter’s results, scheduled for in June. The company’s Forward Dividend Ratio is 0.30, with its dividend yield at 2.54%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 8.62B, with a low estimate of 2.14B and a high estimate of 2.2B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.16B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that NOV’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.96, with the price of NOV currently trading nearly -2.02% and -12.28% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.97, while the 7-day volatility ratio is showing 2.98% which for the 30-day chart, stands at 5.18%. Furthermore, NOV Inc (NOV)’s beta value is 1.30, and its average true range (ATR) is 0.57.
A comparison of NOV Inc (NOV) with its peers suggests the former has fared considerably weaker in the market. NOV showed an intraday change of -0.50% in last session, and over the past year, it shrunk by -36.19%%.
Data on historical trading for NOV Inc (NYSE:NOV) indicates that the trading volumes over the past 3 months, they’ve averaged 4.89 million. According to company’s latest data on outstanding shares, there are 378.08 million shares outstanding.
Nearly 0.99% of NOV Inc’s shares belong to company insiders and institutional investors own 99.92% of the company’s shares. The stock has fallen by -18.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the NOV stock heading into the next quarter.
