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Where Does Wall Street Think Nov Inc (NOV) Stock Will Go?

Monday, November 28, 2022 01:21 PM | InvestorsObserver Analysts

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Where Does Wall Street Think Nov Inc (NOV) Stock Will Go?

Wall Street is positive on Nov Inc (NOV). On average, analysts give the stock a Buy rating. The average price target is $24.071, which means analysts expect the stock to climb by 9.07% over the next twelve months. That average ranking earns the stock an Analyst Rating of 32, which is better than 32% 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?

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 trading at $22.07 as of 1:12 PM on Monday, Nov 28, a decline of -$0.15, or -0.68% from the previous closing price of $22.22. The stock has traded between $21.48 and $22.16 so far today. Volume today is low. So far 810,195 shares have traded compared to average volume of 3,757,653 shares. Click Here to get the full Stock Report for Nov Inc stock.

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