Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The metric has seen a significant gain of 3.56% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -22.34%. Over the past 30 days, the price of NOV has fallen by 1.00%. And in the last five days, it has surged by 3.42%.
NOV Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $21.23 on 01/25/24 and the lowest value was $13.94 on 12/23/24.
52-week price history of NOV Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. NOV Inc’s current trading price is -28.78% away from its 52-week high, while its distance from the 52-week low is 8.43%. The stock’s price range during this period has varied between$13.94 and $21.23. The NOV Inc’s shares, which operate in the Energy, saw a trading volume of around 2.38 million for the day, a figure considerably lower than their average daily volume of 3.99 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
NOV Inc (NOV) has experienced a quarterly decline of -3.57% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.88B and boasts a workforce of 33676 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 15.82, with a change in price of -2.34. Similarly, NOV Inc recorded 3,892,500 in trading volume during the last 100 days, posting a change of -13.40%.
NOV’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
As of today, NOV Inc’s raw stochastic average for the last 50 days stands at 40.31%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 85.45%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 82.72% and 71.82%, respectively.
