The stock of Noble Corporation Plc (NE) has seen a -8.40% decrease in the past week, with a -7.03% drop in the past month, and a 15.51% flourish in the past quarter. The volatility ratio for the week is 4.92%, and the volatility levels for the past 30 days are at 4.68% for NE. The simple moving average for the last 20 days is -5.01% for NE stock, with a simple moving average of 15.20% for the last 200 days.
Is It Worth Investing in Noble Corporation Plc (NYSE: NE) Right Now?
Noble Corporation Plc (NYSE: NE) has a higher price-to-earnings ratio of 32.20x compared to its average ratio, Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 1 rating it as “overweight,” 1 as “hold,” and 0 as “sell.”
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The average price suggested by analysts for NE is $54.50, which is $13.01 above the current market price. The public float for NE is 133.51M, and currently, shorts hold a 3.35% of that float. The average trading volume for NE on March 15, 2023 was 1.92M shares.
NE) stock’s latest price update
Noble Corporation Plc (NYSE: NE)’s stock price has increased by 2.08 compared to its previous closing price of 38.89. Nevertheless, the company has seen a loss of -8.40% in its stock price over the last five trading days. Barron’s reported on 11/27/22 that Second-Largest U.S. Pension Doubled Down on Rivian and Noble Stock
Analysts’ Opinion of NE
The stock of Noble Corporation Plc (NE) has seen a -8.40% decrease in the past week, with a -7.03% drop in the past month, and a 15.51% flourish in the past quarter. The volatility ratio for the week is 4.92%, and the volatility levels for the past 30 days are at 4.68% for NE. The simple moving average for the last 20 days is -5.01% for NE stock, with a simple moving average of 15.20% for the last 200 days.
Analysts’ Opinion of NE
Many brokerage firms have already submitted their reports for NE stocks, with The Benchmark Company repeating the rating for NE by listing it as a “Buy.” The predicted price for NE in the upcoming period, according to The Benchmark Company is $50 based on the research report published on January 19th of the current year 2023.
BTIG Research, on the other hand, stated in their research note that they expect to see NE reach a price target of $60. The rating they have provided for NE stocks is “Buy” according to the report published on June 01st, 2022.
Evercore ISI gave a rating of “Outperform” to NE, setting the target price at $45 in the report published on February 08th of the previous year.
NE Trading at -1.66% from the 50-Day Moving Average
After a stumble in the market that brought NE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.75% of loss for the given period.
Volatility was left at 4.68%, however, over the last 30 days, the volatility rate increased by 4.92%, as shares sank -7.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +5.03% upper at present.
During the last 5 trading sessions, NE fell by -8.40%, which changed the moving average for the period of 200-days by +12.08% in comparison to the 20-day moving average, which settled at $41.62. In addition, Noble Corporation Plc saw 5.28% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NE starting from PACIFIC INVESTMENT MANAGEMENT, who sale 334,313 shares at the price of $35.80 back on Nov 01. After this action, PACIFIC INVESTMENT MANAGEMENT now owns 12,420,422 shares of Noble Corporation Plc, valued at $11,968,405 using the latest closing price.
PACIFIC INVESTMENT MANAGEMENT, the 10% Owner of Noble Corporation Plc, sale 300,000 shares at $35.77 during a trade that took place back on Oct 31, which means that PACIFIC INVESTMENT MANAGEMENT is holding 12,754,735 shares at $10,731,000 based on the most recent closing price.
Stock Fundamentals for NE
Current profitability levels for the company are sitting at:
- +15.79 for the present operating margin
- +21.60 for the gross margin
The net margin for Noble Corporation Plc stands at +11.95. Equity return is now at value 10.50, with 7.30 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.58.
Conclusion
In conclusion, Noble Corporation Plc (NE) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
