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NOV
Stock ticker:
NYSE
AS OF
Jun 28 closing price
Price
$17.32
Change
+$0.62 (+3.71%)
Capitalization
6.8B

NOV Price Prediction, NOV AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EDT Jun 28, 2022

NOV in +6.72% Uptrend, rising for three consecutive days on June 28, 2022

Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where NOV advanced for three days, in 234 of 305 cases, the price rose further within the following month. The odds of a continued upward trend are 77%.

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where NOV's RSI Indicator exited the oversold zone, of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 64 cases where NOV's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

NOV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

The Aroon Indicator entered an Uptrend today. In of 228 cases where NOV Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on June 13, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on NOV as a result. In of 90 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

The Moving Average Convergence Divergence Histogram (MACD) for NOV turned negative on June 13, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at .

NOV moved below its 50-day moving average on June 13, 2022 date and that indicates a change from an upward trend to a downward trend.

The 10-day moving average for NOV crossed bearishly below the 50-day moving average on June 21, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In of 17 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where NOV declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.376) is normal, around the industry mean (3.268). P/E Ratio (0.000) is within average values for comparable stocks, (43.383). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (3.994). Dividend Yield (0.009) settles around the average of (0.048) among similar stocks. P/S Ratio (1.150) is also within normal values, averaging (1.568).

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. NOV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. NOV’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.

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published price charts
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A.I. Advisor
published Earnings

NOV is expected to report earnings to rise 464.29% to 3 cents per share on July 27

NOV NOV Stock Earnings Reports
Q2'22
Est.
$0.04
Q1'22
Beat
by $0.06
Q4'21
Missed
by $0.07
Q3'21
Missed
by $0.02
Q2'21
Beat
by $0.10
The last earnings report on April 28 showed earnings per share of 0 cents, beating the estimate of -5 cents. With 6.68M shares outstanding, the current market capitalization sits at 6.80B.
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A.I.Advisor
published Dividends

NOV paid dividends on June 24, 2022

NOV NOV Stock Dividends
А dividend of $0.05 per share was paid with a record date of June 24, 2022, and an ex-dividend date of June 09, 2022. Read more...
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A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are Schlumberger Limited (NYSE:SLB), Halliburton Company (NYSE:HAL), Valaris Limited (NYSE:VAL).

Industry description

The oilfield services/equipment industry is involved in providing various equipment and services to oil and natural gas producers. These companies rent drilling rigs and/or provide services to build and maintain oil and gas wells. The performance of this industry is dependent on demand for oil and natural gas, which in turn is often driven by macroeconomic conditions or business cycles. Schlumberger NV, Halliburton Company, and Baker Hughes are some of the biggest oilfield services companies.

Market Cap

The average market capitalization across the Oilfield Services/Equipment Industry is 1.96B. The market cap for tickers in the group ranges from 717 to 52.26B. SLB holds the highest valuation in this group at 52.26B. The lowest valued company is FLSS at 717.

High and low price notable news

The average weekly price growth across all stocks in the Oilfield Services/Equipment Industry was -3%. For the same Industry, the average monthly price growth was -10%, and the average quarterly price growth was 18%. USWS experienced the highest price growth at 37%, while CELPQ experienced the biggest fall at -50%.

Volume

The average weekly volume growth across all stocks in the Oilfield Services/Equipment Industry was -67%. For the same stocks of the Industry, the average monthly volume growth was -55% and the average quarterly volume growth was -50%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 60
P/E Growth Rating: 55
Price Growth Rating: 52
SMR Rating: 38
Profit Risk Rating: 92
Seasonality Score: -9 (-100 ... +100)
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published General Information

General Information

a company which engages in manufacturing of oil & gas drilling field machinery and equipment

Industry OilfieldServicesEquipment

Profile
Fundamentals
Details
Industry
Oilfield Services Or Equipment
Address
7909 Parkwood Circle Drive
Phone
+1 713 346-7500
Employees
27043
Web
https://www.nov.com

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NOV and

Correlation & Price change

A.I.dvisor indicates that over the last year, NOV has been closely correlated with HAL. These tickers have moved in lockstep 81% of the time. This A.I.-generated data suggests there is a high statistical probability that if NOV jumps, then HAL could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To NOV
1D Price
Change %
NOV100%
+3.77%
HAL - NOV
81%
Closely correlated
+2.89%
SLB - NOV
79%
Closely correlated
+2.59%
OIS - NOV
76%
Closely correlated
-1.87%
OII - NOV
75%
Closely correlated
+2.38%
RES - NOV
74%
Closely correlated
-1.11%
More