The stock of NOV Inc (NYSE:NOV) last traded at $14.19, down -2.54% from the previous session.
NOV stock price is now -9.82% away from the 50-day moving average and -19.33% away from the 200-day moving average. The market capitalization of the company currently stands at $5.52B.
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With the price target reduced from $21 to $18, Citigroup Downgraded its rating from Buy to Neutral for NOV Inc (NYSE: NOV). On October 28, 2024, TD Cowen reiterated its ‘Buy’ rating on the stock by increasing its target price from $28 to quote $22, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, HARRISON DAVID D, Director sold 1,784 shares of the company’s stock on Nov 20 ’24. The stock was sold for $28,722 at an average price of $16.10. Upon completion of the transaction, the Director now directly owns 110,951 shares in the company, valued at $1.57 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 07 ’24, Livingston Scott B. sold 29,410 shares of the business’s stock. A total of $485,085 was realized by selling the stock at an average price of $16.49. This leaves the insider owning 61,752 shares of the company worth $0.88 million. A total of 0.68% of the company’s stock is owned by insiders.
During the past 12 months, NOV Inc has had a low of $14.48 and a high of $21.23. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 2.57, and a quick ratio of 1.65. According to the stock market information, the enterprise value for the company is $6989104128, which is based on a 5.25 price-to-earnings ratio, a 1.31 price-to-earnings-growth ratio, and a beta of 1.66. The fifty day moving average price for NOV is $15.7724 and a two-hundred day moving average price translates $17.604 for the stock.
The latest earnings results from NOV Inc (NYSE: NOV) was released for 2024-09-30. The net profit margin was 12.06% and return on equity was 17.91% for NOV. The company reported revenue of $2.19 billion for the quarter, compared to $2.19 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.27 percent.
