Noble Corp Plc (NE) Stock: A Value Analysis

The price-to-earnings ratio for Noble Corp Plc (NYSE: NE) is 15.18x, which is above its average ratio. Moreover, the 36-month beta value for NE is 1.02. Analysts have varying opinions on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 5 as “sell.”

The public float for NE is 107.24M and currently, short sellers hold a 6.14% of that float. On April 04, 2024, NE’s average trading volume was 1.15M shares.

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NE) stock’s latest price update

Noble Corp Plc (NYSE: NE)’s stock price has increased by 2.08 compared to its previous closing price of 49.08. However, the company has seen a 4.99% increase in its stock price over the last five trading sessions. InvestorPlace reported 2024-03-05 that The past year has been a wild ride for growth investors. Tech behemoths and trendy software plays have stolen the spotlight, minting fortunes for those who rode the rally.

NE’s Market Performance

Noble Corp Plc (NE) has seen a 4.99% rise in stock performance for the week, with a 16.46% gain in the past month and a 3.88% surge in the past quarter. The volatility ratio for the week is 2.10%, and the volatility levels for the past 30 days are at 2.39% for NE. The simple moving average for the past 20 days is 7.08% for NE’s stock, with a 6.34% simple moving average for the past 200 days.

Analysts’ Opinion of NE

Many brokerage firms have already submitted their reports for NE stocks, with Susquehanna repeating the rating for NE by listing it as a “Neutral.” The predicted price for NE in the upcoming period, according to Susquehanna is $52 based on the research report published on December 01, 2023 of the previous year 2023.

CapitalOne, on the other hand, stated in their research note that they expect to see NE reach a price target of $62. The rating they have provided for NE stocks is “Overweight” according to the report published on November 28th, 2023.

Citigroup gave a rating of “Buy” to NE, setting the target price at $64 in the report published on July 05th of the previous year.

NE Trading at 11.41% 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 -9.47% of loss for the given period.

Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.10%, as shares surge +16.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.97% upper at present.

During the last 5 trading sessions, NE rose by +4.99%, which changed the moving average for the period of 200-days by +29.36% in comparison to the 20-day moving average, which settled at $47.14. In addition, Noble Corp Plc saw 4.03% 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 ALTING CAROLINE, who sale 7,274 shares at the price of $44.60 back on Mar 11 ’24. After this action, ALTING CAROLINE now owns 0 shares of Noble Corp Plc, valued at $324,410 using the latest closing price.

Barker Richard B., the EVP and CFO of Noble Corp Plc, sale 45,000 shares at $42.43 during a trade that took place back on Feb 26 ’24, which means that Barker Richard B. is holding 239,342 shares at $1,909,350 based on the most recent closing price.

Stock Fundamentals for NE

Current profitability levels for the company are sitting at:

  • 0.21 for the present operating margin
  • 0.29 for the gross margin

The net margin for Noble Corp Plc stands at 0.19. The total capital return value is set at 0.11. Equity return is now at value 12.80, with 8.97 for asset returns.

Based on Noble Corp Plc (NE), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 15.14.

Currently, EBITDA for the company is 916.68 million with net debt to EBITDA at 0.34. When we switch over and look at the enterprise to sales, we see a ratio of 2.75. The receivables turnover for the company is 4.37for trailing twelve months and the total asset turnover is 0.47. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.65.

Conclusion

To wrap up, the performance of Noble Corp Plc (NE) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.

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