Noble Corp Plc (NYSE: NE) has seen a rise in its stock price by 0.57 in relation to its previous close of 24.56. However, the company has experienced a 7.30% gain in its stock price over the last five trading sessions. thenewswire.com reported 2025-03-13 that TORONTO – TheNewswire – March 13, 2025 – Noble Mineral Exploration Inc. (“Noble” or the “Company”) (TSXV: NOB) (OTCQB: NLPXF) is pleased to announce successful exploration drilling results from its joint venture partner Canada Nickel Company Inc. (“Canada Nickel”) (TSXV:CNC) in East Timmins Nickel Ltd. (“East Timmins Nickel”) a private company operating in the Timmins area of Northern Ontario. Canada Nickel Company Inc. announced strong results from the Reid, Mann West and Midlothian properties, its Three Giants. One of its Three Giants, Mann West delivered the highest grade interval within the property to date with 0.63% nickel over 4.5 metres within 0.40% nickel over 18.0 metres within an overall mineralized core length of 0.27% nickel over 452 metres, in hole MAN24-79.
Is It Worth Investing in Noble Corp Plc (NYSE: NE) Right Now?
Noble Corp Plc (NYSE: NE) has a price-to-earnings ratio that is above its average at 8.27x. The stock has a 36-month beta value of 1.04. Opinions on the stock are mixed, with 5 analysts rating it as a “buy,” 2 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for NE is 125.07M, and at present, short sellers hold a 9.43% of that float. On March 20, 2025, the average trading volume of NE was 2.08M shares.
NE’s Market Performance
The stock of Noble Corp Plc (NE) has seen a 7.30% increase in the past week, with a -15.06% drop in the past month, and a -20.12% fall in the past quarter. The volatility ratio for the week is 4.30%, and the volatility levels for the past 30 days are at 4.94% for NE. The simple moving average for the last 20 days is 0.18% for NE stock, with a simple moving average of -30.47% for the last 200 days.
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 -15.25% 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 -52.64% of loss for the given period.
Volatility was left at 4.94%, however, over the last 30 days, the volatility rate increased by 4.30%, as shares sank -11.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.04% lower at present.
During the last 5 trading sessions, NE rose by +7.30%, which changed the moving average for the period of 200-days by -46.01% in comparison to the 20-day moving average, which settled at $24.66. In addition, Noble Corp Plc saw -21.34% 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 Hirshberg Al J., who purchase 5,000 shares at the price of $23.00 back on Mar 11 ’25. After this action, Hirshberg Al J. now owns 5,000 shares of Noble Corp Plc, valued at $115,000 using the latest closing price.
Hirshberg Al J., the Director of Noble Corp Plc, purchase 5,000 shares at $23.00 during a trade that took place back on Mar 11 ’25, which means that Hirshberg Al J. is holding 29,130 shares at $115,000 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
- 0.24 for the gross margin
The net margin for Noble Corp Plc stands at 0.15. The total capital return value is set at 0.09. Equity return is now at value 10.46, with 6.66 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 0.33. The debt to equity ratio resting at 0.43. The interest coverage ratio of the stock is 6.41.
Currently, EBITDA for the company is 1.02 billion with net debt to EBITDA at 1.71. When we switch over and look at the enterprise to sales, we see a ratio of 1.85. The receivables turnover for the company is 3.84for trailing twelve months and the total asset turnover is 0.39. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
To sum up, Noble Corp Plc (NE) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing 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.
