NOV Inc (NYSE:NOV) shares traded -0.89% lower at $17.90 on Wall Street last session.
NOV stock price is now -4.67% away from the 50-day moving average and -7.10% away from the 200-day moving average. The market capitalization of the company currently stands at $7.08B.
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With the price target reduced from $27 to $26, TD Cowen maintained Buy rating for NOV Inc (NYSE: NOV). On February 05, 2024, TD Cowen reiterated its ‘Outperform’ rating on the stock by increasing its target price from $31 to quote $30, while ‘The Benchmark Company’ rates the stock as ‘Hold’
In other news, Novak Christy Lynn, VP, Corp. Controller, CAO sold 3,500 shares of the company’s stock on Feb 22 ’24. The stock was sold for $60,988 at an average price of $17.43. Upon completion of the transaction, the VP, Corp. Controller, CAO now directly owns 114,212 shares in the company, valued at $2.04 million. A total of 0.70% of the company’s stock is owned by insiders.
During the past 12 months, NOV Inc has had a low of $14.85 and a high of $21.91. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 2.50, and a quick ratio of 1.50. According to the stock market information, the enterprise value for the company is $9158092800, which is based on a 7.20 price-to-earnings ratio, a 0.22 price-to-earnings-growth ratio, and a beta of 1.71. The fifty day moving average price for NOV is $18.7336 and a two-hundred day moving average price translates $19.25495 for the stock.
The latest earnings results from NOV Inc (NYSE: NOV) was released for 2024-03-31. The net profit margin was 11.25% and return on equity was 17.16% for NOV. The company reported revenue of $2.15 billion for the quarter, compared to $1.96 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.84 percent.
