When the market realizes Fed rate rises are finished possibly early next year similar to 2019.
Many ASX tech/growth stocks are no longer falling as much as Nasdaq/S&P500 & many are above June lows.
NOV = $77.68M MC - $14.77M RKN - $27.3M cash = $35.61M EV / $42M revenue run rate = x0.85 extremely low. NOV will re-rate to anywhere between x3-5 x revenue run rate as market improves.
Nil factored in for 91% ownership of the bank. NOV SP should have retraced about 35% this year but was overdone retracing about 81%.Barchart Technical Opinion
The Barchart Technical Opinion rating is a80% Buywith aStrengthening short term outlookon maintaining the current direction.
Long term indicators fully support a continuation of the trend.
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Last
5.0¢ |
Change
-0.002(3.85%) |
Mkt cap ! $17.78M |
Open | High | Low | Value | Volume |
5.1¢ | 5.3¢ | 5.0¢ | $6.841K | 134.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37410 | 5.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.3¢ | 5933 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 37410 | 0.050 |
2 | 180000 | 0.048 |
2 | 71739 | 0.046 |
1 | 170000 | 0.043 |
4 | 137229 | 0.041 |
Price($) | Vol. | No. |
---|---|---|
0.053 | 5933 | 1 |
0.055 | 117000 | 1 |
0.056 | 110000 | 1 |
0.057 | 10000 | 1 |
0.058 | 120000 | 1 |
Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
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NOV (ASX) Chart |