Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Noble Corp Plc (NYSE: NE) closed the day trading at $27.1 down -3.25% from the previous closing price of $28.01. In other words, the price has decreased by -$3.25% from its previous closing price. On the day, 2.62 million shares were traded. NE stock price reached its highest trading level at $27.94 during the session, while it also had its lowest trading level at $27.065.
Ratios:
For a better understanding of NE, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 15.61. For the most recent quarter (mrq), Quick Ratio is recorded 1.57 and its Current Ratio is at 1.57. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.42.
On January 15, 2025, Evercore ISI Downgraded its rating to In-line which previously was Outperform and also lowered its target price recommendation from $64 to $41.
On December 06, 2024, JP Morgan started tracking the stock assigning a Neutral rating and target price of $37.JP Morgan initiated its Neutral rating on December 06, 2024, with a $37 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 01 ’25 when Howard Jennie sold 808 shares for $24.16 per share. The transaction valued at 19,521 led to the insider holds 8,580 shares of the business.
Hirshberg Al J. bought 5,000 shares of NE for $115,000 on Mar 11 ’25. The Director now owns 5,000 shares after completing the transaction at $23.00 per share. On Mar 11 ’25, another insider, Hirshberg Al J., who serves as the Director of the company, bought 5,000 shares for $23.00 each. As a result, the insider paid 115,000 and bolstered with 29,130 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NE now has a Market Capitalization of 4447516672 and an Enterprise Value of 5978048512. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 9.04, and their Forward P/E ratio for the next fiscal year is 16.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 4.02. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.31 while its Price-to-Book (P/B) ratio in mrq is 0.92. Its current Enterprise Value per Revenue stands at 1.905 whereas that against EBITDA is 4.903.
Stock Price History:
The Beta on a monthly basis for NE is 1.12, which has changed by -0.3949542 over the last 52 weeks, in comparison to a change of 0.11213791 over the same period for the S&P500. Over the past 52 weeks, NE has reached a high of $48.74, while it has fallen to a 52-week low of $17.40. The 50-Day Moving Average of the stock is 11.52%, while the 200-Day Moving Average is calculated to be -7.45%.
Shares Statistics:
Over the past 3-months, NE traded about 2.62M shares per day on average, while over the past 10 days, NE traded about 2458810 shares per day. A total of 158.77M shares are outstanding, with a floating share count of 124.75M. Insiders hold about 21.44% of the company’s shares, while institutions hold 72.23% stake in the company. Shares short for NE as of 1748563200 were 11485917 with a Short Ratio of 4.38, compared to 1745971200 on 11121633. Therefore, it implies a Short% of Shares Outstanding of 11485917 and a Short% of Float of 9.08.
Dividends & Splits
NE’s forward annual dividend rate is 2.00, up from 1.9 a year ago. Against a Trailing Annual Dividend Yield of 0.06783292
