In today’s recent session, 0.93 million shares of the NOV Inc (NYSE:NOV) have been traded, and its beta is 1.29. Most recently the company’s share price was $13.76, and it changed around -$0.04 or -0.31% from the last close, which brings the market valuation of the company to $5.17B. NOV at last check was trading at a discount to its 52-week high of $20.83, offering almost -51.38% off that amount. The share price’s 52-week low was $10.65, which indicates that the recent value has risen by an impressive 22.6% since then. We note from NOV Inc’s average daily trading volume that its 10-day average is 3.75 million shares, with the 3-month average coming to 4.42 million.
NOV Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.46. If we narrow it down even further, the data shows that 1 out of 24 analysts rate the stock as a Sell; another 7 rate it as Overweight. Among the rest, 9 recommended NOV as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight.
NOV Inc (NYSE:NOV) trade information
Instantly NOV has been showing red trend so far today with a performance of -0.31% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 14.06 on recent trading dayincreased the stock’s daily price by 2.13%. The company’s shares are currently down -4.09% year-to-date, but still up 2.90% over the last five days. On the other hand, NOV Inc (NYSE:NOV) is 11.40% up in the 30-day period. We can see from the shorts that 28.09 million shares have been sold at a short interest cover period of 7.65 day(s).
The consensus price target as assigned by Wall Street analysts is $22.5, which translates to bulls needing to increase their stock price by 38.84% from its current value. Analyst projections state that NOV is forecast to be at a low of $22 and a high of $23.
NOV Inc earnings are expected to increase by -6.62% in 2025, but the outlook is positive 7.87% per year for the next five years.
NOV Dividends
NOV Inc’s next quarterly earnings report is expected to be released on 2025-Apr-28. The annual dividend yield of the stock is 2.15 percent and its annual dividend per share was 0.30. It is important to note, however, that the 2.15% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 1.25 per year.
NOV Inc (NYSE:NOV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.81% of NOV Inc shares, and 103.54% of them are in the hands of institutional investors. The stock currently has a share float of 104.39%. NOV Inc stock is held by 592.0 institutions, with VANGUARD GROUP INC being the largest institutional investor. By 2024-06-30, it held 10.0173% of the shares, which is about 39.57 million shares worth $752.19 million.
BLACKROCK INC., with 9.7956% or 38.69 million shares worth $735.54 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
