NOV Stock Analysis

NOV
 Stock
  

USD 22.46  0.32  1.45%   

The latest price climb of NOV Inc may encourage sophisticated investors to take a closer look at the firm as it is trading at a share price of 22.46 on 2,571,139 in trading volume. The company directors and management may have good odds in positioning the firm resources to exploit market volatility in December. The stock standard deviation of daily returns for 90 days investing horizon is currently 3.18. The above-average risk is mostly attributed to market volatility and speculations regarding some of the upcoming earning calls from NOV Inc partners.
Additionally, see Correlation Analysis.
  
The NOV stock analysis report makes it easy to digest most publicly released information about NOV and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. NOV Stock analysis module also helps to analyze the NOV price relationship with some important fundamental indicators such as market cap and management efficiency.

NOV Stock Analysis Notes

About 97.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.81. 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 0.36. The entity last dividend was issued on the 8th of December 2022. 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 713 341-4802 or learn more at www.nov.com.

NOV Inc Investment Alerts

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. NOV's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding NOV Inc or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
NOV Inc has very high historical volatility over the last 90 days
NOV Inc has about 998 M in cash with (297 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.54.
NOV Inc has a poor financial position based on the latest SEC disclosures
Over 97.0% of the company shares are owned by institutional investors
Latest headline from news.google.com: Stock market news live updates Stocks plummet after midterms as Wall Street turns eyes toward inflation data - Yahoo Finance

NOV Inc Upcoming and Recent Events

Earnings reports are used by NOV to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to NOV previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report3rd of February 2022
Next Financial Report26th of April 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End3rd of February 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

NOV Largest EPS Surprises

Earnings surprises can significantly impact NOV's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2019-02-06
2018-12-310.080.090.0112 
2017-10-26
2017-09-30-0.08-0.070.0112 
2000-10-24
2000-09-300.070.080.0114 
View All Earnings Estimates

NOV Stock Institutional Investors

Have you ever been surprised when a price of an equity instrument such as NOV is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading NOV Inc backward and forwards among themselves. NOV's institutional investor refers to the entity that pools money to purchase NOV's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Security TypeSharesValue
Zweigdimenna Associates LlcCommon Shares7.6 K255 K
Zweigdimenna Associates LlcCommon Shares3.1 K247 K
Zweigdimenna Associates LlcCommon Shares199.7 K13.8 M
Zurich Insurance Group LtdCommon Shares155.1 K6.7 M
Zurich Insurance Group LtdCommon Shares209.3 K7.7 M
Zurich Insurance Group LtdCommon Shares52.1 K1.9 M
Zurich Insurance Group LtdCommon Shares65.4 K2.3 M
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 total capitalization of 8.81 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 these looking for more risk prefer small-cap and mid-cap equities.

NOV Profitablity

NOV's profitability indicators refer to fundamental financial ratios that showcase NOV's ability to generate income relative to its revenue or operating costs. If, let's say, NOV is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, NOV's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of NOV's profitability requires more research than a typical breakdown of NOV's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Net Profit Margin of 0.17 %, 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 7.05 %, which entails that for every 100 dollars of revenue, it generated 0.07 of operating income.
Last ReportedProjected for 2022
Return on Investment(1.95) (2.10) 
Return on Average Assets(2.57) (2.77) 
Return on Average Equity(4.90) (5.28) 
Return on Invested Capital(0.32) (0.33) 
Return on Sales(0.40) (0.41) 

Management Efficiency

The entity has Return on Asset of 0.94 % which means that on every $100 spent on asset, it made $0.94 of profit. This is way below average. In the same way, it shows return on shareholders equity (ROE) of 0.26 %, implying that it generated $0.26 on every 100 dollars invested. NOV management efficiency ratios could be used to measure how well nov inc manages its routine affairs as well as how well it operates its assets and liabilities. Return on Investment is likely to drop to -2.1 in 2022. Return on Average Assets is likely to drop to -2.77 in 2022. NOV Average Assets are fairly stable at the moment as compared to the past year. NOV reported Average Assets of 9.28 Billion in 2021. Tangible Asset Value is likely to climb to about 9.7 B in 2022, whereas Net Current Assets as percentage of Total Assets are likely to drop 28.16 in 2022.
Last ReportedProjected for 2022
Book Value per Share 12.21  12.53 
Enterprise Value over EBIT(2.30) (2.36) 
Enterprise Value over EBITDA(2.45) (2.52) 
Price to Book Value 0.92  1.00 
Tangible Assets Book Value per Share 18.54  24.38 
Enterprise Value5.8 B5.9 B
Tangible Asset Value7.1 B9.7 B

Technical Drivers

As of the 30th of November, NOV secures the Risk Adjusted Performance of 0.1396, mean deviation of 2.56, and Market Risk Adjusted Performance of 0.3152. Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of NOV Inc, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for NOV, which can be compared to its peers in the industry. Please verify NOV Inc jensen alpha and semi variance to decide if NOV Inc is priced favorably, providing market reflects its recent price of 22.46 per share. Given that NOV Inc has jensen alpha of 0.2332, 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

The output start index for this execution was sixty with a total number of output elements of one. The Kaufman Adaptive Moving Average allows the user to define NOV Inc range across which they want the smoothing.
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NOV Inc Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific NOV insiders, such as employees or executives, is commonly permitted as long as it does not rely on NOV's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases NOV insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

NOV Outstanding Bonds

NOV issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. NOV Inc uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most NOV bonds can be classified according to their maturity, which is the date when NOV Inc has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

NOV Predictive Daily Indicators

NOV intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of NOV stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

NOV Forecast Models

NOV time-series forecasting models is one of many NOV's stock analysis techniquest aimed to predict 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.

About NOV Stock Analysis

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.
Last ReportedProjected for 2022
Operating Margin(2.43) (2.62) 
EBITDA Margin 1.94  2.09 
Gross Margin 14.01  17.97 
Profit Margin(4.53) (4.88) 

Current NOV Analysis - Recommendations

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.
Target PriceAdvice# of Analysts
17.0Buy14Odds
NOV Inc current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most NOV analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand NOV stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of NOV Inc, talking to its executives and customers, or listening to NOV conference calls.
NOV Analyst Advice Details

NOV Stock Analysis Indicators

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.
Quick Ratio1.43
Trailing Annual Dividend Rate0.20
Fifty Two Week Low11.46
Revenue Growth40.90%
Payout Ratio1,000.00%
Average Daily Volume Last 10 Day2.3M
Shares Short Prior Month13.36M
Average Daily Volume In Three Month3.44M
Shares Percent Shares Out3.45%
Gross Margins16.47%
Forward Price Earnings20.03
Short Percent Of Float3.87%
Float Shares368.28M
Fifty Two Week High24.25
Fifty Day Average20.19
Enterprise Value To Ebitda21.49
Two Hundred Day Average18.66
Enterprise Value To Revenue1.51
Trailing Annual Dividend Yield0.90%
Additionally, see Correlation Analysis. You can also try Analyst Recommendations module to analyst recommendations and target price estimates broken down by several categories.

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When running NOV Inc 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 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.
Market Capitalization
8.6 B
Quarterly Revenue Growth YOY
0.41
Return On Assets
0.0094
Return On Equity
0.0026
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 NOV value 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.