Nov Inc Stock Performance
| NOV Stock | USD 16.25 0.36 2.17% |
The company secures a Beta (Market Risk) of 1.31, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NOV will likely underperform. At this point, NOV Inc has a negative expected return of -0.0924%. Please make sure to verify NOV's value at risk and rate of daily change , to decide if NOV Inc performance from the past will be repeated at some future point.
Risk-Adjusted Performance
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Over the last 90 days NOV Inc has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of fairly stable basic indicators, NOV is not utilizing all of its potentials. The current stock price fuss, may contribute to near-short-term losses for the sophisticated investors. ...more
Actual Historical Performance (%)
One Day Return (1.72) | Five Day Return 2.03 | Year To Date Return (19.02) | Ten Year Return (77.47) | All Time Return 249.57 |
Forward Dividend Yield 0.0181 | Payout Ratio 0.1689 | Last Split Factor 1109:1000 | Forward Dividend Rate 0.3 | Dividend Date 2024-12-20 |
1 | Nov Inc. is a Top-Ranked Growth Stock Should You Buy | 09/06/2024 |
| NOV dividend paid on 27th of September 2024 | 09/27/2024 |
2 | Earnings call NOV Inc reports steady growth amid market challenges | 10/25/2024 |
3 | Are You a Value Investor This 1 Stock Could Be the Perfect Pick | 10/31/2024 |
4 | Wells Fargo Company Issues Pessimistic Forecast for NOV Stock Price | 11/04/2024 |
5 | Disposition of 15481 shares by Craig Weinstock of NOV at 16.394 subject to Rule 16b-3 | 11/07/2024 |
6 | Nov inc.s VP Christy Novak sells shares worth 673,250 | 11/08/2024 |
7 | Novatti Group Limited Not Doing Enough For Some Investors As Its Shares Slump 27 | 11/12/2024 |
8 | Were overhauling our Bullpen watchlist 3 stocks are gone, the rest stick around | 11/15/2024 |
9 | Brazil arrests G20 guards over alleged 2022 Lula assassination plot | 11/19/2024 |
10 | Director David Harrison Sells 1,784 Shares of NOV Inc | 11/21/2024 |
11 | David D. Harrison Sells 1,784 Shares of NOV Inc. Stock | 11/22/2024 |
| Begin Period Cash Flow | 1.1 B |
NOV |
NOV Relative Risk vs. Return Landscape
If you would invest 1,781 in NOV Inc on August 27, 2024 and sell it today you would lose (120.00) from holding NOV Inc or give up 6.74% of portfolio value over 90 days. NOV Inc is generating negative expected returns assuming volatility of 1.8523% on return distribution over 90 days investment horizon. In other words, 16% of stocks are less volatile than NOV, and above 99% of all equities are expected to generate higher returns over the next 90 days. Expected Return |
| Risk |
NOV Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NOV's investment risk. Standard deviation is the most common way to measure market volatility of stocks, such as NOV Inc, and traders can use it to determine the average amount a NOV's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = -0.0499
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| Negative Returns | NOV |
Estimated Market Risk
| 1.85 actual daily | 16 84% of assets are more volatile |
Expected Return
| -0.09 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NOV is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of NOV by adding NOV to a well-diversified portfolio.
NOV Fundamentals Growth
NOV Stock prices reflect investors' perceptions of the future prospects and financial health of NOV, and NOV fundamentals are critical determinants of its market performance. Overall, investors pay close attention to revenue and earnings growth, profit margins, and debt levels. These fundamentals can have a significant impact on NOV Stock performance.
| Return On Equity | 0.18 | ||||
| Return On Asset | 0.0428 | ||||
| Profit Margin | 0.12 % | ||||
| Operating Margin | 0.09 % | ||||
| Current Valuation | 7.88 B | ||||
| Shares Outstanding | 389.08 M | ||||
| Price To Book | 1.00 X | ||||
| Price To Sales | 0.73 X | ||||
| Revenue | 8.58 B | ||||
| Gross Profit | 1.41 B | ||||
| EBITDA | 651 M | ||||
| Net Income | 993 M | ||||
| Cash And Equivalents | 1.07 B | ||||
| Cash Per Share | 2.54 X | ||||
| Total Debt | 2.38 B | ||||
| Debt To Equity | 0.48 % | ||||
| Current Ratio | 2.31 X | ||||
| Book Value Per Share | 16.61 X | ||||
| Cash Flow From Operations | 143 M | ||||
| Earnings Per Share | 2.70 X | ||||
| Market Capitalization | 6.46 B | ||||
| Total Asset | 11.29 B | ||||
| Retained Earnings | (1.16 B) | ||||
| Working Capital | 3.4 B | ||||
| Current Asset | 11.8 B | ||||
| Current Liabilities | 4.25 B | ||||
About NOV Performance
Evaluating NOV's performance through its fundamental ratios, provides valuable insights into its operational efficiency and profitability. For instance, if NOV has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if NOV has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements. Please also refer to our technical analysis and fundamental analysis pages.
| Last Reported | Projected for Next Year | ||
| Days Of Inventory On Hand | 89.83 | 142.35 | |
| Return On Tangible Assets | 0.11 | 0.11 | |
| Return On Capital Employed | 0.07 | 0.10 | |
| Return On Assets | 0.09 | 0.09 | |
| Return On Equity | 0.16 | 0.17 |
Things to note about NOV Inc performance evaluation
Checking the ongoing alerts about NOV for important developments is a great way to find new opportunities for your next move. Stock alerts and notifications screener for NOV Inc help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.| NOV Inc generated a negative expected return over the last 90 days | |
| NOV Inc has a strong financial position based on the latest SEC filings | |
| Over 99.0% of the company shares are owned by institutional investors | |
| Latest headline from thelincolnianonline.com: David D. Harrison Sells 1,784 Shares of NOV Inc. Stock |
- Analyzing NOV's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
- Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether NOV's stock is overvalued or undervalued compared to its peers.
- Examining NOV's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
- Evaluating NOV's management team can have a significant impact on its success or failure. Reviewing the track record and experience of NOV's management team can help you assess the Company's leadership.
- Pay attention to analyst opinions and ratings of NOV's stock. These opinions can provide insight into NOV's potential for growth and whether the stock is currently undervalued or overvalued.
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.