NOV Stock Quote Today

NOV
 Stock
  

USD 14.85  0.17  1.16%   

Market Performance
0 of 100
Odds Of Distress
Less than 41
NOV is selling for under 14.85 as of the 28th of September 2022; that is 1.16 percent up since the beginning of the trading day. The stock's lowest day price was 14.81. NOV has about a 41 percent probability of financial distress in the next few years of operation and has generated negative returns over 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 29th of August 2022 and ending today, the 28th of September 2022. Click here to learn more.
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 operates through three segments Wellbore Technologies, Completion Production Solutions, and Rig Technologies. The company has 392.8 M outstanding shares of which 14.08 M shares are now shorted by investors with about 4.95 days to cover. More on NOV Inc

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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.
NOV Inc generated a negative expected return over the last 90 days
NOV Inc has high historical volatility and very poor performance
The company reported the last year's revenue of 6.13 B. Reported Net Loss for the year was (90 M) with profit before taxes, overhead, and interest of 774 M.
NOV Inc has about 1.22 B in cash with (86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.1.
Latest headline from finance.yahoo.com: DuPont de Nemours sheds US1.6b, company earnings and investor returns have been trending downwards for past five years - Yahoo Finance
ChairmanClay Williams
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.
Macroaxis Advice
Unlike general analyst consensus, Macroaxis buy hold or sell recommendation is provided in the context of your current investment horizon and risk tolerance. The advice algorithm takes into account all of NOV's available fundamental, technical, and predictive indicators. Your current horizon is 90 days - details
NOV Inc (NOV) is traded on New York Stock Exchange in USA and employs 27,043 people. The company currently falls under 'Mid-Cap' category with total capitalization of 5.83 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 Inc runs under Energy sector within Oil & Gas Equipment & Services industry. The entity has 392.8 M outstanding shares of which 14.08 M shares are now shorted by investors with about 4.95 days to cover. NOV Inc has about 1.22 B in cash with (86 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.1.
Check NOV Probability Of Bankruptcy
Ownership
NOV Inc maintains a total of three hundred ninety-two million eight hundred thousand 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 about to change at the company. Also note that almost three million nine hundred twenty-eight thousand invesors are currently shorting NOV expressing very little confidence in its future performance.

Ownership Allocation (%)

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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 under 95%. 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 1.2108. 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, the company has an alpha of 0.0404, implying that it can generate a 0.0404 percent excess return over DOW after adjusting for the inherited market risk (beta).
  Odds Below 14.85HorizonTargetOdds Above 14.85
5.31%90 days
 14.85 
94.64%
Based on a normal probability distribution, the odds of NOV to move above the current price in 90 days from now is under 95 (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.
InstituionSecurity TypeTotal SharesValue
Vanguard Group IncCommon Shares38.6 M652.3 M
Pzena Investment Management LlcCommon Shares36.8 M623.1 M
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NOV Inc Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. NOV market risk premium is the additional return an investor will receive from holding NOV long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in NOV. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although NOV's alpha and beta are two of the key measurements used to evaluate NOV's performance over the market, the standard measures of volatility play an important role as well.

NOV 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.

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.

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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.
David Harrison - Independent DirectorProfile
Ben Guill - Independent DirectorProfile
William Thomas - Independent DirectorProfile
Greg Armstrong - Lead Independent DirectorProfile

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 Shape 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.
Additionally, see Correlation Analysis. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

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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.
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.