With 3.14 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.27 million shares. The 52-week range on NOV shows that it touched its highest point at $21.20 and its lowest point at $13.94 during that stretch. It currently has a 1-year price target of $18.75. With its current market cap of 5.88 billion, NOV has annualized dividend of $0.28 while the current yield stands at 1.78%. Beta for the stock currently stands at 1.69.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NOV was down-trending over the past week, with a drop of -3.44%, but this was down by -0.52% over a month. Three-month performance dropped to -3.32% while six-month performance fell -14.84%. The stock lost -10.34% in the past year, while it has gained 5.75% so far this year. A look at the trailing 12-month EPS for NOV yields 1.61 with Next year EPS estimates of 1.65. For the next quarter, that number is 0.26. This implies an EPS growth rate of 11.61% for this year and 19.99% for next year.
Float and Shares Shorts:
At present, 381.55 million NOV shares are outstanding with a float of 377.83 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NOV since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $1.48767 being high and $1.22732 being low. For NOV, this leads to a yearly average estimate of $1.42258. Based on analyst estimates, the high estimate for the next quarter is $0.38 and the low estimate is $0.32. The average estimate for the next quarter is thus $0.34.
