Nov Inc Stock Analysis

NOV Stock Analysis Notes

About 99.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 0.96. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. NOV Inc has Price/Earnings To Growth (PEG) ratio of 0.27. The entity last dividend was issued on the 6th of December 2024. The firm had 1109:1000 split on the 2nd of June 2014. NOV Inc. designs, constructs, manufactures, and sells systems, components, and products for oil and gas drilling and production, and industrial and renewable energy sectors worldwide. The company was formerly known as National Oilwell Varco, Inc. and changed its name to NOV Inc. in January 2021. NOV operates under Oil Gas Equipment Services classification in the United States and is traded on New York Stock Exchange. It employs 27043 people. To find out more about NOV Inc contact Clay Williams at 346 223 3000 or learn more at https://www.nov.com.

NOV Inc Investment Alerts

NOV Inc Upcoming and Recent Events

NOV Largest EPS Surprises

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NOV Environmental, Social, and Governance (ESG) Scores

NOV Thematic Classifications

NOV Stock Institutional Investors

Note, although NOV's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

NOV Market Capitalization

The company currently falls under 'Mid-Cap' category with a total capitalization of 6.22 B.

NOV Profitablity

The company has Net Profit Margin of 0.12 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.09 %, which entails that for every 100 dollars of revenue, it generated $0.09 of operating income.

Management Efficiency

NOV Inc has Return on Asset of 0.0428 % which means that on every $100 spent on assets, it made $0.0428 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.1769 %, implying that it generated $0.1769 on every 100 dollars invested. NOV's management efficiency ratios could be used to measure how well NOV manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.11 in 2024. Return On Capital Employed is likely to climb to 0.10 in 2024. At this time, NOV's Return On Assets are fairly stable compared to the past year. Asset Turnover is likely to climb to 0.89 in 2024, whereas Other Assets are likely to drop slightly above 267.6 M in 2024.

Technical Drivers

As of the 28th of November, NOV secures the Mean Deviation of 1.26, risk adjusted performance of (0.06), and Market Risk Adjusted Performance of (1.21). Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of NOV Inc, as well as the relationship between them. Please verify NOV Inc market risk adjusted performance and treynor ratio to decide if NOV Inc is priced favorably, providing market reflects its recent price of 16.0 per share. Given that NOV Inc has information ratio of (0.15), we recommend you to check NOV's last-minute market performance to make sure the company can sustain itself next year.

NOV Inc Price Movement Analysis

NOV Inc Insider Trading Activities

NOV Outstanding Bonds

NOV Predictive Daily Indicators

NOV Corporate Filings

NOV Forecast Models

NOV's time-series forecasting models are one of many NOV's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NOV's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how NOV prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NOV shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as NOV. By using and applying NOV Stock analysis, traders can create a robust methodology for identifying NOV entry and exit points for their positions.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. NOV analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. NOV analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

NOV Inc stock analysis indicators help investors evaluate how NOV stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading NOV shares will generate the highest return on investment. By understating and applying NOV stock analysis, traders can identify NOV position entry and exit signals to maximize returns.

When running NOV's price analysis, check to measure NOV's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy NOV is operating at the current time. Most of NOV's value examination focuses on studying past and present price action to predict the probability of NOV's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move NOV's price. Additionally, you may evaluate how the addition of NOV to your portfolios can decrease your overall portfolio volatility.