Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. NOV Inc’s current trading price is -9.38% away from its 52-week high, while its distance from the 52-week low is 18.33%. The stock’s price range over this period has fluctuated between $16.77 and $21.91. The company, operating within the financial sector, had a trading volume of approximately 10.99 million for the day, which was noticeably higher than the average daily share volume of 2.89 million over the last 3 months.
NOV Inc saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $21.91 on 09/05/23, while the lowest price for the same duration was marked at $16.77 on 02/26/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
NOV Inc (NOV) has experienced a quarterly rise of 4.75% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 7.85B and boasts a workforce of 33676 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 18.68, with a change in price of +2.98. Similarly, NOV Inc recorded 3,247,911 in trading volume during the last 100 days, posting a change of +17.66%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for NOV stands at 0.37. Similarly, the long-term debt-to-equity ratio is also 0.35.
NOV Stock Stochastic Average
Today, NOV Inc’s raw stochastic average for the past 50 days stands at 70.50%, indicating a rise from the raw stochastic average of the last 20 days, which was 66.72%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 48.11% and 44.27% respectively.
NOV Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a loss of -2.12%.However, over the last six months, we can see a stronger performance of -5.39%. Over the last 30 days, the price of NOV has fallen by 5.31%. And in the last five days, it has surged by 4.64%.
