Analyst Rating: Will Nov Inc (NOV) Stock Do Better Than the Market?

Wednesday, June 29, 2022 02:38 PM | InvestorsObserver Analysts

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InvestorsObserver is giving Nov Inc (NOV) an Analyst Rating Rank of 20, meaning NOV is ranked higher by analysts than 20% of stocks. The average price target for NOV is $21.266 and analyst’s rate the stock as a Buy.

Wall Street analysts are rating NOV a Buy today. Find out what this means to you and get the rest of the rankings on NOV!
See Full NOV Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With Nov Inc Stock Today?

Nov Inc (NOV) stock is down -1.15% while the S&P 500 has risen 0.13% as of 2:37 PM on Wednesday, Jun 29. NOV has fallen -$0.20 from the previous closing price of $17.32 on volume of 2,360,773 shares. Over the past year the S&P 500 is down -10.84% while NOV has risen 15.68%. NOV lost -$0.48 per share the over the last 12 months. Click Here to get the full Stock Report for Nov Inc stock.

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