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Analyst Rating: Will Nov Inc (NOV) Stock Beat the Market?

Monday, March 25, 2024 03:19 PM | InvestorsObserver Analysts

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Analyst Rating: Will Nov Inc (NOV) Stock Beat the Market?

Analysts who follow Nov Inc (NOV) on average expect it to rise 25.57% over the next twelve months. Those same analysts give the stock an average rating of Buy. That average rating earns the stock an Analyst Ranking of 33, which means it ranks higher than 33 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 3.9
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!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers. InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With Nov Inc Stock Today?

Nov Inc (NOV) stock is higher by 0.99% while the S&P 500 is lower by -0.2% as of 3:12 PM on Monday, Mar 25. NOV is higher by $0.19 from the previous closing price of $19.10 on volume of 2,796,676 shares. Over the past year the S&P 500 has risen 31.33% while NOV is higher by 8.37%. NOV earned $2.50 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 7.71. Click Here to get the full Stock Report for Nov Inc stock.

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