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.
- 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.
- Buy fractional shares: Even if you can't afford a full share, you can still buy the stock.
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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.
- Input your personal data to open a new trading account.
- Submit your info by clicking the "Create Account" button.
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 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
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:
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:
- 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 require a place to buy stocks, eToro is our favorite option.
Get Started with eToro TodayIf you want to get updates on your investment in Nov, get started below.
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