During the recent session, NOV Inc (NYSE:NOV)’s traded shares were 1.99 million, with the beta value of the company hitting 1.75. At the last check today, the stock’s price was $18.27, reflecting an intraday loss of -3.56% or -$0.68. The 52-week high for the NOV share is $21.91, that puts it down -19.92 from that peak though still a striking 23.1% gain since the share price plummeted to a 52-week low of $14.05. The company’s market capitalization is $7.20B, and the average trade volume was 4.52 million shares over the past three months.
NOV Inc (NYSE:NOV) trade information
NOV Inc (NOV) registered a -3.56% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -3.56% in intraday trading to $18.27, hitting a weekly high. The stock’s 5-day price performance is -2.53%, and it has moved by -4.82% in 30 days. Based on these gigs, the overall price performance for the year is 1.42%.
NOV Inc (NOV) estimates and forecasts
Statistics show that NOV Inc has underperformed its competitors in share price, compared to the industry in which it operates. NOV Inc (NOV) shares have gone down -6.04% during the last six months, with a year-to-date growth rate less than the industry average at -0.65% against 19.30. In the rating firms’ projections, revenue will increase 6.20% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 2.23B as predicted by 20 analyst(s). Meanwhile, a consensus of 20 analyst(s) estimates revenue growth to 2.33B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 2.09B and 2.19B respectively. In this case, analysts expect current quarter sales to grow by 6.80% and then jump by 6.60% in the coming quarter. While earnings are projected to return -35.70% in 2024, the next five years will return 32.30% per annum.
NOV Dividends
NOV Inc is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for NOV Inc is 0.20, with the dividend yield indicating at 1.09 percent, continuing the trend of increasing dividends in recent years.
