Jan. 12 at 1:58 PM
$NOV's stunning 37.9% surge in 3 months — what's driving the rally? 🚀
Key catalysts include a record
$4.56B backlog, a favorable mix shift within the Energy Equipment segment, and stellar free cash flow conversion at 95% from EBITDA. However, investors should watch for delayed growth cycles and OPEC volatility impacting future gains.
See the full analysis here 👉 https://www.zacks.com/stock/news/2815513/nov-stock-why-holding-for-now-is-the-right-move-not-buying?cid=sm-stocktwits-2-2815513-body-28377&ADID=SYND_STOCKTWITS_TWEET_2_2815513_BODY_28377