NOV Inc (NYSE: NOV) suffers from notable negative changes in fundamentals: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Recent notable negative changes in investment behavior have affected NOV Inc (NYSE: NOV): its shorter term price trend turned down.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
NOV’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
NOV has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. NOV has a slightly positive Appreciation Score of 65 but a slightly negative Power Rating of 34, and the Neutral Value Trend Rating results.
Recent Price Action
On 8/26/24, NOV Inc (NYSE: NOV) stock rose slightly by 0.06%, closing at $18.01. However, trading volume in this advance was unusually low at 53% of normal. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
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