NOV (Germany) Analysis

NOV Stock Analysis Notes

About 95.0% of the company shares are owned by institutional investors. The company has price-to-book ratio of 1.61. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. NOV Inc last dividend was issued on the 16th of March 2023. The entity had 2:1 split on the 1st of October 2007. National Oilwell Varco, Inc. designs, manufactures, and sells systems, components, and products for oil and gas drilling and production worldwide. The company was founded in 1862 and is based in Houston, Texas. National Oilwell operates under Oil Gas Equipment Services classification in Germany and is traded on Frankfurt Stock Exchange. It employs 34220 people. To find out more about NOV Inc contact the company at 713 346 7500 or learn more at https://www.nov.com.

NOV Inc Investment Alerts

NOV Market Capitalization

The company currently falls under 'Mid-Cap' category with a current market capitalization of 8.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate NOV's market, we take the total number of its shares issued and multiply it by NOV's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

NOV Profitablity

The company has Profit Margin (PM) of 0.02 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.05 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.05.

Technical Drivers

As of the 30th of October, NOV secures the Mean Deviation of 1.74, risk adjusted performance of 0.0468, and Market Risk Adjusted Performance of (0.39). Concerning fundamental indicators, the technical analysis model lets you check available technical drivers of NOV Inc, as well as the relationship between them. Please verify NOV Inc treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside to decide if NOV Inc is priced favorably, providing market reflects its recent price of 11.72 per share.

NOV Inc Price Movement Analysis

NOV Outstanding Bonds

NOV Predictive Daily Indicators

NOV Forecast Models

NOV's time-series forecasting models are one of many NOV's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary NOV's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how NOV prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling NOV shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as NOV. By using and applying NOV Stock analysis, traders can create a robust methodology for identifying NOV entry and exit points for their positions.

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.