How to Buy Nov Stock
Nov Inc
Nov is a oil & gas equipment & service company located in Texas, United States, which is part of the Energy sector, and is traded under the ticker NOV on the NYSE exchange.
Nov stock last closed at $18.83, down 0.16% from the previous day, and has increased 0.16% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.21 percentage points. Nov stock is currently +34.02% from its 52-week low of $14.05, and -14.04% from its 52-week high of $21.91.
As of Apr 24, 2024, there are 394M NOV shares outstanding. The market cap of NOV is $7.42B. In the last 24 hours, 3.23M NOV shares were traded.
How to Buy Nov Stock
Wondering how to invest in Nov stock? Here's how.
- Choose where to buy Nov stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you decide where to buy Nov stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Pick your method of payment and add your details.
- Evaluate Nov stock: The Nov ticker symbol is NOV. Is Nov stock a good investment? Should you buy shares of NOV? How do NOV's underlying business fundamentals look? Do top analysts think Nov is a good buy? Why has NOV's stock price moved recently? (Hint: Our stock market analysis tools can help you evaluate if NOV is a good stock to buy).
- Make your NOV trade: Decide if you will purchase NOV shares at the current market price or use a limit order to buy NOV stock at a given price.
- Get the latest scoop on your NOV position: Create a watchlist to keep tabs on your position in Nov shares.
Step 1: Choose where to buy Nov stock
You need a brokerage account in order to access the NYSE market and buy NOV shares.
Our recommended brokerage: eToro
In our opinion, eToro is the best brokerage. eToro gives you:
- Invest in stocks with zero commissions: Invest without commissions.
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- Social investing: eToro offers a community of more than 20 million users globally. Talk to, learn from, and copy the unique crypto portfolios of top investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other assets: Such as ETFs and cryptocurrencies.
Get $10 towards your share purchase by signing up for an account with eToro today.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've picked the best brokerage, you need to fill out some personal information so you can invest in NOV stock today.
How to Set Up a New Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal data to open a new trading account.
- Submit your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've created your account on mobile trading apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring funds into your new brokerage account.
Step 4: Evaluate Nov stock
Once you have decided on the best place to buy Nov stock, it's crucial to evaluate their stock prior to buying, so you truly understand the risk and upside.
Nov Numbers
Fundamentals of Nov
WallStreetZen was designed to help part-time investors perform more accurate fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on NOV's stock page.
What is the fair value of NOV stock?
Analysts use many financial metrics, analyses, models, and charts to gauge NOV's intrinsic value.
Using relative valuations metrics:
- NOV could be undervalued based on its P/E ratio of 7.44x, relative to Oil & Gas Equipment & Services industry P/E ratio of 27.48x
- NOV could be undervalued based on its P/B ratio of 1.2x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.68x
You can access more valuation research on NOV's stock here.
NOV Financial Health
Signs that NOV is financially healthy:
- NOV has cash burn of 140000000. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the NOV balance sheet.
- NOV profit margin has gone up from 2.1% to 11.6% in the past year.
- NOV has $816.00M in cash and short term investments. This is enough to cover its annual cash burn of $140.00M.
- There are more short-term assets than short-term liabilities on the NOV balance sheet.
Signs that NOV is not financially healthy:
- NOV has a relatively high debt to equity ratio of 0.82.
- Total NOV debt is higher than 5 years ago, relative to shareholder equity.
Do analysts think it's a good time to buy Nov stock
Out of 7 sell side analysts who give ratings on NOV, the consensus analyst rating on NOV is a Buy
It's important to note that analyst ratings are not recommendations, nor are they investment advice.
Latest NOV Analyst Ratings
Marc Bianchi, a top 20% analyst from TD Cowen maintains NOV with a buy rating and raises their NOV price target from $28.00 to $29.00, on Dec 12, 2023.
Arun Jayaram, a top 10% analyst from JP Morgan upgrades NOV to a strong buy rating and announces their NOV price target of $25.00, on Dec 8, 2023.
You can dig deeper into what analysts are saying on the Nov stock forecast page.
NOV Momentum
Is NOV Growing Revenue?
Last year, NOV earnings were $993.00M. During the past 1 years, NOV's earnings have increased by 532.5% per year. This was faster than the Oil & Gas Equipment & Services industry average of 54.83%.
Last year, NOV revenue was $8.58B. In the past 5 year, NOV's revenue has increased by 0.31% per year. This was slower than the Oil & Gas Equipment & Services industry average of 9.08%.
Learn more about NOV's earnings and revenue performance here.
What are NOV executives and large shareholders up to?
In the past year, executives and large shareholders at NOV have sold more shares than they have bought.
Jose A. Bayardo, Senior VP and CFO of NOV, was the latest NOV insider to sell. They sold $72,710.60 worth of NOV shares on Feb 23, 2024.
Get more info about who owns NOV shares here.
Can I get consistent income from NOV stock?
Nov pays a dividend of 1.06%, compared to the Oil & Gas Equipment & Services industry's average dividend yield of 3.22%. If you owned $1,000 of NOV stock, you would have been paid $10.62 last year.
Nov dividend payments have not consistently grown over the past decade and have not remained stable.
Get more info about Nov dividend yield and history here.
Get analysis from other investors
One of the primary reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to see what other community members have to say.
Step 5: Make your NOV trade
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order lets you buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact price limit, place a limit order.
Click the Open Trade button and your broker will execute the order.
If you require additional help investing in stocks on eToro, click the helpful video below:
Step 6: Get the latest scoop on your NOV position
Now that you own some NOV shares, you'll want to keep up with your new shares.
Start a watchlist to get the latest updates about your NOV stock.
NOV Feed
How to Buy Stock in Nov
To summarize, here are the 6 steps for buying Nov stock:
- Choose where to buy Nov stock
- Sign up for a brokerage account
- Put funds into your brokerage account
- Evaluate Nov stock
- Make your NOV trade
- Get the latest scoop on your NOV position
If you need a brokerage account, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Nov, add NOV to your watchlist below.
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