The stock of Noble Corp Plc (NE) has seen a -2.82% decrease in the past week, with a 9.14% gain in the past month, and a 1.25% flourish in the past quarter. The volatility ratio for the week is 2.56%, and the volatility levels for the past 30 days are at 3.03% for NE. The simple moving average for the last 20 days is -2.02% for NE stock, with a simple moving average of -16.37% for the last 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 9.47x compared to its average ratio, The 36-month beta value for NE is at 1.00. Analysts have varying views on the stock, with 6 analysts rating it as a “buy,” 2 rating it as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NE is 126.60M, and currently, shorts hold a 7.85% of that float. The average trading volume for NE on January 30, 2025 was 1.81M shares.
NE) stock’s latest price update
Noble Corp Plc (NYSE: NE)’s stock price has increased by 1.06 compared to its previous closing price of 32.02. However, the company has seen a -2.82% decrease in its stock price over the last five trading sessions. prnewswire.com reported 2025-01-29 that HOUSTON, Jan. 29, 2025 /PRNewswire/ — Noble Corporation plc (“Noble” or the “Company”) (NYSE: NE) today announces plans to report financial results for the fourth quarter and full year 2024 on Monday February 17, 2025 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
Many brokerage firms have already submitted their reports for NE stocks, with Evercore ISI repeating the rating for NE by listing it as a “In-line.” The predicted price for NE in the upcoming period, according to Evercore ISI is $41 based on the research report published on January 15, 2025 of the current year 2025.
JP Morgan, on the other hand, stated in their research note that they expect to see NE reach a price target of $37. The rating they have provided for NE stocks is “Neutral” according to the report published on December 06th, 2024.
NE Trading at -0.29% 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 -37.95% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 2.56%, as shares surge +5.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.64% lower at present.
During the last 5 trading sessions, NE fell by -3.39%, which changed the moving average for the period of 200-days by -34.02% in comparison to the 20-day moving average, which settled at $33.02. In addition, Noble Corp Plc saw 3.06% 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 1,618 shares at the price of $33.45 back on Jan 26 ’25. After this action, ALTING CAROLINE now owns 2,004 shares of Noble Corp Plc, valued at $54,122 using the latest closing price.
Kawaja Joey M, the SVP, Operations of Noble Corp Plc, sale 30,000 shares at $35.76 during a trade that took place back on Nov 11 ’24, which means that Kawaja Joey M is holding 83,208 shares at $1,072,800 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 765.95 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 2.44. 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
In conclusion, Noble Corp 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.
