Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nov Inc before investing.

In this article, we go over a few key elements for understanding Nov Inc’s stock price such as:

• Nov Inc’s current stock price and volume
• Why Nov Inc’s stock price changed recently
• Upgrades and downgrades for NOV from analysts
• NOV’s stock price momentum as measured by its relative strength

About Nov Inc (NOV)

Before we jump into Nov Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

NOV Inc. is an independent equipment and technology provider to the global energy industry. The Company serves diversified, national and independent service companies, contractors and energy producers in approximately 62 countries. The Company operates through three segments. The Wellbore Technologies segment designs, manufactures, rents and sells a range of equipment and technologies used to perform drilling operations. The segment also offers services, such as solids control and waste management equipment and services, drilling fluids, drill pipe, wired pipe, drilling optimization services, tubular inspection and coating services, instrumentation, downhole tools, and drill bits. The Completion & Production Solutions segment design, manufacture and integrate technologies for completions, oil and gas production, and industrial markets. The Rig Technologies segment provides drilling rig components, complete land drilling rigs and offshore drilling equipment packages.

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Nov Inc’s Stock Price as of Market Close

As of February 02, 2024, 4:00 PM, CST, Nov Inc’s stock price was $17.62.

Nov Inc is down 11.23% from its previous closing price of $19.85.

During the last market session, Nov Inc’s stock traded between $19.39 and $19.95. Currently, there are 393.00 million shares of Nov Inc stock available for purchase.

Nov Inc’s price-earnings (P/E) ratio is currently at 15.7, which is low compared to the Oil & Gas - Related Services and Equipment industry median of 16.7. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Nov Inc Stock Price History

Nov Inc’s (NOV) price is currently down 9.69% so far this month.

During the month of February, Nov Inc’s stock price has reached a high of $20.00 and a low of $17.59.

Over the last year, Nov Inc has hit prices as high as $24.44 and as low as $14.05. Year to date, Nov Inc’s stock is down 15.65%.

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What Caused Nov Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 01, 2024, there were 2 analysts who downgraded Nov Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Nov Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nov Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nov Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nov Inc (NOV) by visiting AAII Stock Evaluator.

Relative Price Strength of Nov Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 01, 2024, Nov Inc has a weighted four-quarter relative price strength of -7.78%, which translates to a Momentum Score of 39 and is considered to be Weak.

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Nov Inc Stock Price: Bottom Line

As of February 2, 2024, Nov Inc’s stock price is $17.62, which is down 11.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nov Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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