WallStreetZenWallStreetZen

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 $20.37, up 0.84% from the previous day, and has increased 22.71% in one year. It has underperformed other stocks in the Oil & Gas Equipment & Services industry by 0.3 percentage points. Nov stock is currently +44.98% from its 52-week low of $14.05, and -17.96% from its 52-week high of $24.83.

As of Sep 22, 2023, there are 393.78M NOV shares outstanding. The market cap of NOV is $8.02B. In the last 24 hours, 2.05M 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.

Our recommended brokerage: eToro

In our opinion, eToro is the best brokerage. eToro gives you:

  • Invest in stocks with zero commissions: Invest without commissions.
  • Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
  • Access to global financial markets: From Technology to Financial Services, New York to Hong Kong — you can fill your portfolio with stocks from the globe's leading stock exchanges.
  • 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 Account
eToro securities trading is offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. https://www.wallstreetzen.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD.

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.

How to Set Up a New Account on eToro

  1. Click here to get started.
  2. Input your personal data to open a new trading account.
  1. 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.

Get started with eToro today

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
$20.37
1w %
-2.68%
1y %
22.71%
5y %
-53.17%
P/E
19.22x
P/B
1.48x
P/S
1x
PEG
0.97x
Revenue
$8.02B
Earnings
$417.00M
Fore. Rev. Growth
5.38%
Fore. Earn. Growth
19.74%
Market Cap
$8.02B
Next Earnings
Oct 26, 2023
Next Dividend
Sep 29, 2023

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 19.22x, relative to Oil & Gas Equipment & Services industry P/E ratio of -4.33x
  • NOV could be undervalued based on its P/B ratio of 1.48x, relative to Oil & Gas Equipment & Services industry P/B ratio of 3.15x
  • NOV could be undervalued based on its PEG ratio of 0.97x

You can do more valuation research on NOV's stock here.

NOV Financial Health Overview

Signs that NOV is financially healthy:

  • There are more short-term assets than short-term liabilities on the NOV balance sheet.
  • NOV profit margin has gone up from -1.5% to 5.2% in the past year.
  • NOV has $592.00M in cash and short term investments. This is enough to cover its annual cash burn of $484.00M.
  • There are more short-term assets than long-term liabilities on the NOV balance sheet.
  • NOV has cash burn of 484000000. It has enough cash and short-term investments to cover this for at least one year.

Signs that NOV is not financially healthy:

  • Total NOV debt is higher than 5 years ago, relative to shareholder equity.
  • NOV has a relatively high debt to equity ratio of 0.91.

Do analysts think it's a good time to buy Nov stock

Out of 10 sell side analysts who track NOV, the consensus analyst rating on Nov is a Buy

Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.

Latest NOV Analyst Ratings

Neil Mehta, a top 4% analyst from Goldman Sachs maintains NOV with a strong sell rating and raises their NOV price target from $16.00 to $18.00, on Aug 9, 2023.

Elizabeth Porter, a bottom 10% analyst from Morgan Stanley maintains NOV with a strong buy rating and raises their NOV price target from $22.00 to $24.00, on Aug 1, 2023.

Scott Gruber, a top 8% analyst from Citigroup maintains NOV with a strong buy rating and raises their NOV price target from $21.00 to $26.00, on Aug 1, 2023.

Luke Lemoine, a top 9% analyst from Piper Sandler maintains NOV with a hold rating and lowers their NOV price target from $21.00 to $20.00, on Jul 31, 2023.

Kurt Hallead, a top 10% analyst from Benchmark reiterates NOV with a strong buy rating and maintains their NOV price target from $28.00 to $28.00, on Jul 31, 2023.

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

NOV Technicals

SMA10
20.69
SMA20
20.89
SMA50
20.19
SMA100
17.93
SMA200
19.31
MACD
0.09
MACD Signal
0.25
MACD Histogram
-0.16
RSI
47.29
Stochastic %K
9.48
Stochastic %D
13.46
StochRSI %K
6.61
StochRSI %D
7.45

NOV Growth Metrics

Last year, NOV revenue was $8.02B. In the past five year, NOV's revenue has grown by 0.8% per year. This was slower than the Oil & Gas Equipment & Services industry average of 4.1%.

Learn more about NOV's earnings and revenue performance here.

What are NOV executives and large shareholders up to?

Over the last 12 months, insiders at NOV have sold more shares than they have bought.

Eric L. Mattson, Director of NOV, was the latest NOV insider to sell. They sold $22,365.01 worth of NOV stock on Feb 28, 2023.

Research more about who owns NOV stock here.

Does NOV provide a stable income stream?

Nov pays a dividend of 0.98%, compared to the Oil & Gas Equipment & Services industry's average dividend yield of 2.08%. If you owned $1,000 of NOV stock, you would have received $9.82 in the past year.

Nov dividend payments have not consistently grown over the past decade and have not remained stable.

Get more analysis about Nov dividend yield and history here.

What others are saying about NOV

One of the reasons eToro is our highest-rated brokerage is because of its social trading community.

Click below to find out what other traders have to say.

Step 5: Make your NOV trade

You have two main types of orders:

  • Market order: A market order is an order to buy or sell a security at the best available price.
    Market orders are generally sufficient.
  • Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
    If you want to ensure you're buying or selling at a specific price, place a limit order.

Click the Open button and eToro will execute your order.

If you need more info about buying stocks on eToro, watch the how to video below:

Open eToro Account

Step 6: Get the latest scoop on your NOV position

Now that you own some NOV stock, you'll want to stay up-to-date on your investment.

Put NOV on a watchlist to keep tabs on 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 require a place to buy stocks, eToro is our favorite option.

Get Started with eToro Today

If you want to get updates on your investment in Nov, get started below.

NYSE: NOV
$20.37+0.17 (+0.84%)
Updated Sep 22, 2023
Open eToro Account
NYSE: NOV
$20.37+0.17 (+0.84%)
Updated Sep 22, 2023
Open eToro Account

FAQ

How much does it cost to buy one Nov share?

As of Sep 22, 2023, it costs $20.37 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 $10, you can buy 0.491 shares of NOV.

Get Started with eToro Today

Is now a good time to buy Nov stock?

According to 10 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.