Director David Harrison Sells 1,784 Shares of NOV Inc
NOV Stock | USD 16.25 0.36 2.17% |
Slightly above 75% of NOV's investor base is looking to short. The analysis of overall sentiment of trading NOV Inc stock suggests that many investors are alarmed at this time. NOV's investing sentiment can be driven by a variety of factors including economic data, NOV's earnings reports, geopolitical events, and overall market trends.
NOV |
On November 20, 2024, David Harrison, a Director at NOV Inc , sold 1,784 shares of the company, according to a SEC Filing. Following this transaction, the
Read at gurufocus.com
NOV Inc Current Investor Sentiment
Panic Vs Confidence
25
Panic | Confidence |
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use NOV's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward NOV Inc.
News SentimentBearish | Hype SentimentBearish | Insider SentimentDisposing |
NOV Investor Sentiment by Other News Outlets
Investor sentiment, mood or attitude towards NOV can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
NOV Inc Historical Investor Sentiment
Investor biases related to NOV's public news can be used to forecast risks associated with an investment in NOV. The trend in average sentiment can be used to explain how an investor holding NOV can time the market purely based on public headlines and social activities around NOV Inc. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
NOV's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for NOV and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average NOV news discussions. The higher the estimate score, the more favorable the investor's outlook on NOV.
NOV Fundamental Analysis
We analyze NOV's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of NOV using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of NOV based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Current Asset
Current Asset Comparative Analysis
NOV is currently under evaluation in current asset category among its peers. Current Asset is all of the company's assets that can be used to pay off current liabilities within the current fiscal period or over the next 12 months. Current Asset includes cash or cash equivalents, accounts receivable, short-term investments, and the portion of prepaid liabilities which will be paid within the next 12 months. Because these assets are easily turned into cash, they are sometimes referred to as liquid assets.
NOV Inc Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with NOV stock to make a market-neutral strategy. Peer analysis of NOV could also be used in its relative valuation, which is a method of valuing NOV by comparing valuation metrics with similar companies.
Peers
NOV Related Equities
WHD | Cactus | 0.72 | ||||
HAL | Halliburton | 0.16 | ||||
MRC | MRC Global | 0.07 | ||||
FTI | TechnipFMC PLC | 0.62 | ||||
OII | Oceaneering International | 0.77 | ||||
VTOL | Bristow | 0.86 | ||||
CHX | ChampionX | 1.02 | ||||
SLB | Schlumberger | 1.09 | ||||
RES | RPC | 1.09 | ||||
WFRD | Weatherford International | 1.69 | ||||
RNGR | Ranger Energy | 1.96 | ||||
OIS | Oil States | 3.67 | ||||
HLX | Helix Energy | 3.70 |
Additional Tools for NOV Stock Analysis
When running NOV's 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 the 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.