How Does National Oilwell Varco, Inc. (NOV) Stack Up Right Now?

National Oilwell Varco, Inc. (NOV) is an interesting player in the Basic Materials space, with a focus on Oil & Gas Equipment & Services. The stock has been active on the tape, currently trading at $42.17, up from yesterday’s close by 1.88%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

National Oilwell Varco, Inc. (NOV) currently trades with a market capitalization of $16.00 Billion. That value represents a market adjusting for revenues that have been growing by 3.10 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $403 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.03 on a per share basis this quarter. Perhaps, that suggests something about why 0.52% of the outstanding share supply is held by institutional investors.

Technical Analysis

It’s important to check the technicals to get a sense of how NOV has been acting. Looking at the stock’s movement on the chart, National Oilwell Varco, Inc. recorded a 52-week high of $41.42. It is now trading -0.75% off that level. The stock is trading $38.15 its 50-day moving average by -4.02%. The stock carved out a 52-week low down at $29.90.

In recent action, National Oilwell Varco, Inc. (NOV) has made a move of +10.05% over the past month, which has come on weak relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 14.61, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 5.39% with $379.39 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of NOV.

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