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In the latest session, Noble Corp Plc (NYSE: NE) closed at $31.22 down -2.32% from its previous closing price of $31.96. In other words, the price has decreased by -$2.32 from its previous closing price. On the day, 1.27 million shares were traded. NE stock price reached its highest trading level at $31.855 during the session, while it also had its lowest trading level at $31.13.
Ratios:
For a deeper understanding of Noble Corp Plc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 29.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 44.17. For the most recent quarter (mrq), Quick Ratio is recorded 1.55 and its Current Ratio is at 1.55. In the meantime, Its Debt-to-Equity ratio is 0.16 whereas as Long-Term Debt/Eq ratio is at 0.16.
On November 28, 2023, CapitalOne started tracking the stock assigning a Overweight rating and target price of $62.CapitalOne initiated its Overweight rating on November 28, 2023, with a $62 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jul 12 ’24 when APMH Invest A/S bought 324,984 shares for $45.53 per share. The transaction valued at 14,796,522 led to the insider holds 28,916,258 shares of the business.
APMH Invest A/S bought 208,589 shares of NE for $9,251,072 on Jul 11 ’24. The 10% Owner now owns 28,591,274 shares after completing the transaction at $44.35 per share. On Jul 15 ’24, another insider, APMH Invest A/S, who serves as the 10% Owner of the company, bought 104,445 shares for $46.63 each. As a result, the insider paid 4,870,429 and bolstered with 29,020,703 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 5124513280 and an Enterprise Value of 4921121280. As of this moment, Noble’s Price-to-Earnings (P/E) ratio for their current fiscal year is 7.61, and their Forward P/E ratio for the next fiscal year is 6.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.87 while its Price-to-Book (P/B) ratio in mrq is 1.12. Its current Enterprise Value per Revenue stands at 1.927 whereas that against EBITDA is 5.244.
Stock Price History:
Over the past 52 weeks, NE has reached a high of $52.15, while it has fallen to a 52-week low of $31.00. The 50-Day Moving Average of the stock is -11.79%, while the 200-Day Moving Average is calculated to be -26.87%.
Shares Statistics:
For the past three months, NE has traded an average of 2.22M shares per day and 1982560 over the past ten days. A total of 140.77M shares are outstanding, with a floating share count of 129.67M. Insiders hold about 19.13% of the company’s shares, while institutions hold 66.07% stake in the company. Shares short for NE as of 1728950400 were 11135388 with a Short Ratio of 5.03, compared to 1726185600 on 10464782. Therefore, it implies a Short% of Shares Outstanding of 11135388 and a Short% of Float of 8.51.
Dividends & Splits
According to the company, the forward annual dividend rate for NE is 1.70, from 1.5 in the trailing year. Against a Trailing Annual Dividend Yield of 0.04693367
