Meaningful negative changes in NOV Inc (NYSE: NOV) fundamentals have recently occurred: significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Important negative changes in NOV Inc (NYSE: NOV) investment behavior have recently occurred: the stock’s recent price decline challenged its longer term uptrend.
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). This rating combines contradictory signals from two proprietary PTR measures of a stock’s attractiveness. NOV has a slightly positive Appreciation Score of 61 but a slightly negative Power Rating of 32, triggering the Neutral Value Trend Rating.
Recent Price Action
NOV Inc (NYSE: NOV) stock rose modestly by 0.4% on 8/6/24. The stock closed at $17.65. Trading volume in this advance was normal. The stock has declined -10.9% during the last week and has been weak relative to the market over the last nine months.
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