The stock of Noble Corp Plc (NE) has seen a 3.00% increase in the past week, with a -12.94% drop in the past month, and a -15.93% decrease in the past quarter. The volatility ratio for the week is 3.39%, and the volatility levels for the past 30 days are at 3.30% for NE. The simple moving average for the past 20 days is -4.99% for NE’s stock, with a -26.14% simple moving average for the past 200 days.
Is It Worth Investing in Noble Corp Plc (NYSE: NE) Right Now?
Noble Corp Plc (NYSE: NE) has a higher price-to-earnings ratio of 8.74x compared to its average ratio. NE has 36-month beta value of 1.00. Analysts have mixed views on the stock, with 6 analysts rating it as a “buy,” 2 as “overweight,” 4 as “hold,” and 0 as “sell.”
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The public float for NE is 126.60M, and currently, short sellers hold a 8.00% ratio of that float. The average trading volume of NE on December 27, 2024 was 2.02M shares.
NE) stock’s latest price update
The stock price of Noble Corp Plc (NYSE: NE) has surged by 1.39 when compared to previous closing price of 29.47, but the company has seen a 3.00% gain in its stock price over the last five trading sessions. zacks.com reported 2024-12-26 that Noble Corporation’s Noble Venturer drillship is expected to begin operations offshore Ghana in 2025 while Noble Globetrotter I is anticipated to start its contract early in January 2025.
Analysts’ Opinion of NE
Many brokerage firms have already submitted their reports for NE stocks, with JP Morgan repeating the rating for NE by listing it as a “Neutral.” The predicted price for NE in the upcoming period, according to JP Morgan is $37 based on the research report published on December 06, 2024 of the current year 2024.
Susquehanna gave a rating of “Neutral” to NE, setting the target price at $52 in the report published on December 01st of the previous year.
NE Trading at -8.29% 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 -42.71% of loss for the given period.
Volatility was left at 3.30%, however, over the last 30 days, the volatility rate increased by 3.39%, as shares sank -11.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.05% lower at present.
During the last 5 trading sessions, NE rose by +3.00%, which changed the moving average for the period of 200-days by -34.32% in comparison to the 20-day moving average, which settled at $31.45. In addition, Noble Corp Plc saw -37.96% 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 Kawaja Joey M, who sale 30,000 shares at the price of $35.76 back on Nov 11 ’24. After this action, Kawaja Joey M now owns 83,208 shares of Noble Corp Plc, valued at $1,072,800 using the latest closing price.
Denton Blake, the SVP, Marketing & Contracts of Noble Corp Plc, sale 30,000 shares at $35.72 during a trade that took place back on Nov 11 ’24, which means that Denton Blake is holding 83,208 shares at $1,071,600 based on the most recent closing price.
Stock Fundamentals for NE
Current profitability levels for the company are sitting at:
- 0.2 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 0.08. Equity return is now at value 11.77, with 7.54 for asset returns.
Based on Noble Corp Plc (NE), the company’s capital structure generated 0.3 points at debt to capital in total, while cash flow to debt ratio is standing at 0.41. The debt to equity ratio resting at 0.42. The interest coverage ratio of the stock is 6.77.
Currently, EBITDA for the company is 872.73 million with net debt to EBITDA at 1.72. When we switch over and look at the enterprise to sales, we see a ratio of 2.3. The receivables turnover for the company is 3.69for trailing twelve months and the total asset turnover is 0.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.57.
Conclusion
To put it simply, Noble Corp Plc (NE) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
