Noble Corp Plc (NE) Stock Observes -1.69% 200-Day Moving Average

XPO

The stock of Noble Corp Plc (NE) has seen a -2.17% decrease in the past week, with a -1.27% drop in the past month, and a 5.30% flourish in the past quarter. The volatility ratio for the week is 2.11%, and the volatility levels for the past 30 days are at 2.70% for NE. The simple moving average for the past 20 days is 0.47% for NE’s stock, with a -1.69% simple moving average for the past 200 days.

Is It Worth Investing in Noble Corp Plc (NYSE: NE) Right Now?

The price-to-earnings ratio for Noble Corp Plc (NYSE: NE) is above average at 14.46x. The 36-month beta value for NE is also noteworthy at 1.05. There are mixed opinions on the stock, with 9 analysts rating it as a “buy,” 2 rating it as “overweight,” 15 rating it as “hold,” and 5 rating it as “sell.”

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

The public float for NE is 108.21M, and at present, short sellers hold a 6.04% of that float. The average trading volume of NE on May 23, 2024 was 1.06M shares.

NE) stock’s latest price update

The stock price of Noble Corp Plc (NYSE: NE) has dropped by -2.29 compared to previous close of 47.60. Despite this, the company has seen a fall of -2.17% in its stock price over the last five trading days. https://www.defenseworld.net reported 2024-05-20 that SKYX Platforms Corp. (NASDAQ:SKYX – Free Report) – Equities researchers at Noble Financial issued their Q2 2024 earnings estimates for shares of SKYX Platforms in a research report issued to clients and investors on Wednesday, May 15th. Noble Financial analyst P. Mccann anticipates that the company will earn ($0.11) per share for the quarter. Noble Financial has a “Outperform” rating and a $5.00 price target on the stock. The consensus estimate for SKYX Platforms’ current full-year earnings is ($0.40) per share. Noble Financial also issued estimates for SKYX Platforms’ Q3 2024 earnings at ($0.10) EPS, Q4 2024 earnings at ($0.09) EPS, FY2024 earnings at ($0.40) EPS and FY2025 earnings at ($0.22) EPS. SKYX Platforms (NASDAQ:SKYX – Get Free Report) last released its earnings results on Monday, April 1st. The company reported ($0.14) EPS for the quarter. The company had revenue of $22.17 million for the quarter. SKYX Platforms had a negative net margin of 53.31% and a negative return on equity of 251.77%. SKYX Platforms Price Performance NASDAQ:SKYX opened at $1.01 on Monday. The stock has a market cap of $101.03 million, a P/E ratio of -2.20 and a beta of -2,609.10. SKYX Platforms has a one year low of $0.72 and a one year high of $3.49. The company has a fifty day moving average price of $1.09 and a 200 day moving average price of $1.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.05 and a quick ratio of 0.99. Hedge Funds Weigh In On SKYX Platforms A number of hedge funds have recently made changes to their positions in SKYX. Private Advisor Group LLC raised its stake in shares of SKYX Platforms by 37.2% in the 3rd quarter. Private Advisor Group LLC now owns 29,500 shares of the company’s stock valued at $42,000 after buying an additional 8,000 shares in the last quarter. SlateStone Wealth LLC raised its stake in shares of SKYX Platforms by 1,496.6% in the 4th quarter. SlateStone Wealth LLC now owns 369,609 shares of the company’s stock valued at $591,000 after buying an additional 346,459 shares in the last quarter. Cantor Fitzgerald L. P. acquired a new position in shares of SKYX Platforms in the 4th quarter valued at $85,000. Newbridge Financial Services Group Inc. raised its stake in shares of SKYX Platforms by 37.4% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 32,788 shares of the company’s stock valued at $52,000 after buying an additional 8,928 shares in the last quarter. Finally, Matrix Asset Advisors Inc. NY raised its stake in shares of SKYX Platforms by 333.3% in the 1st quarter. Matrix Asset Advisors Inc. NY now owns 65,000 shares of the company’s stock valued at $85,000 after buying an additional 50,000 shares in the last quarter. Institutional investors and hedge funds own 11.79% of the company’s stock. SKYX Platforms Company Profile (Get Free Report) SKYX Platforms Corp. provides a series of safe-smart platform technologies. The company's first and second-generation technologies enable light fixtures, ceiling fans, and other electrically wired products to be installed and plugged into a ceiling's electrical outlet box. It also provides universal power-plugs and receptacle products.

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 -1.85% 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 -15.96% of loss for the given period.

Volatility was left at 2.70%, however, over the last 30 days, the volatility rate increased by 2.11%, as shares surge +1.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.24% upper at present.

During the last 5 trading sessions, NE fell by -2.17%, which changed the moving average for the period of 200-days by -10.04% in comparison to the 20-day moving average, which settled at $46.32. In addition, Noble Corp Plc saw -3.43% in overturn over a single year, with a tendency to cut further losses.

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
  • 0.28 for the gross margin

The net margin for Noble Corp Plc stands at 0.18. The total capital return value is set at 0.11. Equity return is now at value 12.32, with 8.93 for asset returns.

Based on Noble Corp Plc (NE), the company’s capital structure generated 0.14 points at debt to capital in total, while cash flow to debt ratio is standing at 1.17. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 330.68.

Currently, EBITDA for the company is 916.68 million with net debt to EBITDA at 0.5. When we switch over and look at the enterprise to sales, we see a ratio of 2.58. The receivables turnover for the company is 3.92for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.61.

Conclusion

In summary, Noble Corp Plc (NE) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.

Most Popular

Related Posts