The stock of Noble Corp Plc (NE) has gone down by -7.47% for the week, with a -9.85% drop in the past month and a -32.18% drop in the past quarter. The volatility ratio for the week is 2.74%, and the volatility levels for the past 30 days are 2.59% for NE. The simple moving average for the past 20 days is -8.99% for NE’s stock, with a -25.04% 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 7.87x, Company’s 36-month beta value is 0.96.Analysts have differing opinions on the stock, with 9 analysts rating it as a “buy,” 2 as “overweight,” 15 as “hold,” and 5 as “sell.”
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The public float for NE is 129.67M, and currently, short sellers hold a 8.15% ratio of that floaft. The average trading volume of NE on October 22, 2024 was 2.15M shares.
NE) stock’s latest price update
The stock price of Noble Corp Plc (NYSE: NE) has dropped by -0.71 compared to previous close of 32.54. Despite this, the company has seen a fall of -7.47% in its stock price over the last five trading days. prnewswire.com reported 2024-10-18 that SUGAR LAND, Texas, Oct. 18, 2024 /PRNewswire/ — Noble Corporation plc (“Noble” or the “Company”) (CSE: NOBLE, NYSE: NE) today announces plans to report financial results for the third quarter 2024 on Tuesday November 5, 2024 after the U.S. market close. The Company’s earnings press release and accompanying earnings presentation will be available on the Noble website at www.noblecorp.com.
Analysts’ Opinion of NE
Susquehanna, on the other hand, stated in their research note that they expect to see NE reach a price target of $52. The rating they have provided for NE stocks is “Neutral” according to the report published on December 01st, 2023.
CapitalOne gave a rating of “Overweight” to NE, setting the target price at $62 in the report published on November 28th of the previous year.
NE Trading at -10.81% 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 -38.05% of loss for the given period.
Volatility was left at 2.59%, however, over the last 30 days, the volatility rate increased by 2.74%, as shares sank -9.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.93% lower at present.
During the last 5 trading sessions, NE fell by -7.47%, which changed the moving average for the period of 200-days by -31.82% in comparison to the 20-day moving average, which settled at $35.50. In addition, Noble Corp Plc saw -32.91% 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 APMH Invest A/S, who purchase 324,984 shares at the price of $45.53 back on Jul 12 ’24. After this action, APMH Invest A/S now owns 28,916,258 shares of Noble Corp Plc, valued at $14,796,522 using the latest closing price.
APMH Invest A/S, the 10% Owner of Noble Corp Plc, purchase 208,589 shares at $44.35 during a trade that took place back on Jul 11 ’24, which means that APMH Invest A/S is holding 28,591,274 shares at $9,251,072 based on the most recent closing price.
Stock Fundamentals for NE
Current profitability levels for the company are sitting at:
- 0.24 for the present operating margin
- 0.3 for the gross margin
The net margin for Noble Corp Plc stands at 0.22. The total capital return value is set at 0.13. Equity return is now at value 15.54, with 11.10 for asset returns.
Based on Noble Corp Plc (NE), the company’s capital structure generated 0.15 points at debt to capital in total, while cash flow to debt ratio is standing at 0.98. The debt to equity ratio resting at 0.17. The interest coverage ratio of the stock is 151.46.
Currently, EBITDA for the company is 916.68 million with net debt to EBITDA at 0.53. When we switch over and look at the enterprise to sales, we see a ratio of 2.11. The receivables turnover for the company is 3.67for 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 1.55.
Conclusion
In a nutshell, Noble Corp Plc (NE) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
