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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 $18.52, up 0.87% from the previous day, and has increased 0.82% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.13 percentage points. Nov stock is currently +10.4% from its 52-week low of $16.78, and -15.45% from its 52-week high of $21.91.

As of Jul 12, 2024, there are 395.54M NOV shares outstanding. The market cap of NOV is $7.33B. In the last 24 hours, 2.07M NOV shares were traded.

How to Buy Nov Stock

Wondering how to invest in Nov stock? Here's how.
  1. 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.
  2. Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
  3. Put funds into your brokerage account: Pick your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that enables you to buy and sell a variety of investments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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.

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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.

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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

NOV Price
$18.52
1w %
2.77%
1y %
0.82%
5y %
-15.59%
P/E
7.41x
P/B
1.17x
P/S
0.83x
PEG
N/A
Revenue
$8.78B
Earnings
$986.00M
Fore. Rev. Growth
5.27%
Fore. Earn. Growth
-12.31%
Market Cap
$7.33B
Next Earnings
Jul 25, 2024
Next Dividend
N/A

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 7.41x, relative to Oil & Gas Equipment & Services industry P/E ratio of 19.97x
  • NOV could be undervalued based on its P/B ratio of 1.17x, relative to Oil & Gas Equipment & Services industry P/B ratio of 2.62x

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 28000000. 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 4.3% to 11.2% in the past year.
  • NOV has $468.00M in cash and short term investments. This is enough to cover its annual cash burn of $28.00M.
  • 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 0.8.
  • 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 6 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

James Rollyson, a top 15% analyst from Raymond James maintains NOV with a buy rating and lowers their NOV price target from $28.00 to $25.00, on Feb 5, 2024.

You can dig deeper into what analysts are saying on the Nov stock forecast page.

NOV Momentum

SMA10
18.29
SMA20
18.29
SMA50
18.36
SMA100
18.49
SMA200
19.01
MACD
-0.02
MACD Signal
-0.01
MACD Histogram
-0.01
RSI
53.95
Stochastic %K
40.53
Stochastic %D
27.04
StochRSI %K
43.36
StochRSI %D
22.48

Is NOV Growing Revenue?

Last year, NOV earnings were $986.00M. During the past 1 years, NOV's earnings have increased by 194.12% per year. This was faster than the Oil & Gas Equipment & Services industry average of 29.36%.

Last year, NOV revenue was $8.78B. In the past 5 year, NOV's revenue has increased by 0.41% per year. This was slower than the Oil & Gas Equipment & Services industry average of 7.39%.

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 1.21%, compared to the Oil & Gas Equipment & Services industry's average dividend yield of 1.87%. If you owned $1,000 of NOV stock, you would have been paid $12.15 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:

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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:

  1. Choose where to buy Nov stock
  2. Sign up for a brokerage account
  3. Put funds into your brokerage account
  4. Evaluate Nov stock
  5. Make your NOV trade
  6. Get the latest scoop on your NOV position

If you need a brokerage account, eToro is our recommended venue.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you would like to keep an eye on your new investment in Nov, add NOV to your watchlist below.

NYSE: NOV
$18.52+0.16 (+0.87%)
Updated Jul 12, 2024
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NYSE: NOV
$18.52+0.16 (+0.87%)
Updated Jul 12, 2024
Open eToro Account

FAQ

How much does it cost to buy one Nov share?

As of Jul 12, 2024, it costs $18.52 to buy one share of Nov stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $9, you can buy 0.486 shares of NOV.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Nov stock?

According to 6 Wall Street analysts who monitor Nov, their consensus recommendation is to buy Nov stock.

What is the best way to buy Nov stock?

One way to place an order for Nov stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.