Nov Inc Stock Today
| NOV Stock | USD 19.17 0.46 2.34% |
Performance1 of 100
| Odds Of DistressLess than 6
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NOV is selling for under 19.17 as of the 16th of April 2024; that is -2.34% down since the beginning of the trading day. The stock's lowest day price was 19.17. NOV has only a 6 % chance of going through financial distress over the next few years but had a somewhat weak performance during the last 90 days. Equity ratings for NOV Inc are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 27th of April 2022 and ending today, the 16th of April 2024. Click here to learn more.
Business Domain Energy | IPO Date 28th of October 1996 |
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. The company has 395.48 M outstanding shares of which 10.33 M shares are now shorted by investors with about 2.66 days to cover. More on NOV Inc
Moving against NOV Stock
| 0.54 | NOA | North American Const Financial Report 24th of April 2024 | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 24th of April 2024
NOV Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. NOV's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding NOV or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, NOV's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to NOV's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Chairman | Clay Williams | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Machinery (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Oil & Gas Equipment & Services, Energy, NYSE Composite, Dow Jones Oil, NYSE 100 Index, PHLX Oil Service, SP Midcap 400, BETTERINVESTING 100 INDEX, BTRINVSTNG 100 INDEX, Machinery, Energy, Energy Equipment & Services, Oil & Gas Equipment & Services, Energy (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering NOV report their recommendations after researching NOV's financial statements, talking to executives and customers, or listening in on NOV's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering NOV Inc. The NOV consensus assessment is calculated by taking the average forecast from all of the analysts covering NOV. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to NOV's liquidity, profitability, solvency, and operating efficiency, NOV Inc may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of NOV Inc is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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NOV's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to NOV's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand NOV's financial leverage. It provides some insight into what part of NOV's total assets is financed by creditors.
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NOV Inc (NOV) is traded on New York Stock Exchange in USA. It is located in 10353 Richmond Avenue, Houston, TX, United States, 77042-4103 and employs 33,676 people. NOV is listed under Oil & Gas Equipment & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 7.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NOV's market, we take the total number of its shares issued and multiply it by NOV's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. NOV Inc runs under Energy Equipment & Services sector within Energy industry. The entity has 395.48 M outstanding shares of which 10.33 M shares are now shorted by investors with about 2.66 days to cover.
NOV Inc has about 1.07 B in cash with 143 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.54.
Check NOV Probability Of Bankruptcy
Ownership AllocationNOV Inc holds a total of 395.48 Million outstanding shares. The majority of NOV outstanding shares are owned by institutional investors. These third-party entities are usually referred to as non-private investors looking to shop for positions in NOV Inc to benefit from reduced commissions. Accordingly, institutional holders are subject to a different set of regulations than regular investors in NOV Inc. Please pay attention to any change in the institutional holdings of NOV as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check NOV Ownership Details
NOV Stock Price Odds Analysis
Depending on a normal probability distribution, the odds of NOV jumping above the current price in 90 days from now is about 35.13%. The NOV Inc probability density function shows the probability of NOV stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.2962. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, NOV will likely underperform. Additionally, nOV Inc has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of NOV to move above the current price in 90 days from now is about 35.13 (This NOV Inc probability density function shows the probability of NOV Stock to fall within a particular range of prices over 90 days) .
NOV Stock Institutional Holders
Institutional Holdings refers to the ownership stake in NOV that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of NOV's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing NOV's value.| Instituion | Recorded On | Shares | |
| Balyasny Asset Management Llc | 2023-12-31 | 6.2 M | |
| Geode Capital Management, Llc | 2023-12-31 | 6.1 M | |
| Van Eck Associates Corporation | 2023-12-31 | 5.7 M | |
| Dimensional Fund Advisors, Inc. | 2023-12-31 | 5.6 M | |
| T. Rowe Price Investment Management,inc. | 2023-12-31 | 4.7 M | |
| Earnest Partners Llc | 2023-12-31 | 4.1 M | |
| Allspring Global Investments Holdings, Llc | 2023-12-31 | 3.8 M | |
| Amvescap Plc. | 2023-12-31 | 3.7 M | |
| Artisan Partners Limited Partnership | 2023-12-31 | 3.5 M | |
| Vanguard Group Inc | 2023-12-31 | 39.2 M | |
| Blackrock Inc | 2023-12-31 | 37.9 M |
NOV Historical Income Statement
NOV Inc Income Statement is one of the three primary financial statements used for reporting NOV's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of NOV Inc revenue and expense. NOV Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, NOV's Non Recurring is fairly stable compared to the past year. Non Operating Income Net Other is likely to climb to about 49.1 M in 2024, whereas Other Operating Expenses is likely to drop slightly above 7.9 B in 2024. View More FundamentalsNOV Stock Against Markets
Picking the right benchmark for NOV stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in NOV stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for NOV is critical whether you are bullish or bearish towards NOV Inc at a given time. Please also check how NOV's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in NOV without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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NOV Corporate Directors
NOV corporate directors refer to members of a NOV board of directors. The board of directors generally takes responsibility for the NOV's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of NOV's board members must vote for the resolution. The NOV board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Amie DAmbrosio | Director Relations | Profile | |
| Ben Guill | Independent Director | Profile | |
| William Thomas | Independent Director | Profile | |
| Greg Armstrong | Lead Independent Director | Profile |
How to buy NOV Stock?
Before investing in NOV, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in NOV. To buy NOV stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of NOV. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase NOV stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located NOV Inc stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased NOV Inc stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as NOV Inc, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy NOV Stock please use our How to Invest in NOV guide.
Already Invested in NOV Inc?
The danger of trading NOV Inc is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of NOV is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than NOV. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile NOV Inc is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether NOV Inc is a strong investment it is important to analyze NOV's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact NOV's future performance. For an informed investment choice regarding NOV Stock, refer to the following important reports: Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NOV Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. You can also try the Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
Complementary Tools for NOV Stock analysis
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.
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Is NOV's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of NOV. If investors know NOV will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about NOV listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 4.786 | Dividend Share 0.2 | Earnings Share 2.5 | Revenue Per Share 21.84 | Quarterly Revenue Growth 0.13 |
The market value of NOV Inc is measured differently than its book value, which is the value of NOV that is recorded on the company's balance sheet. Investors also form their own opinion of NOV's value that differs from its market value or its book value, called intrinsic value, which is NOV's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because NOV's market value can be influenced by many factors that don't directly affect NOV's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between NOV's value and its price as these two are different measures arrived at by different means. Investors typically determine if NOV is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, NOV's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.